Core Insights - Monte Rosa Therapeutics is advancing MRT-8102, a first-in-class NEK7-directed molecular glue degrader (MGD) aimed at treating cardiovascular and cardiometabolic diseases driven by the NLRP3 inflammasome [1][2][4] Group 1: MRT-8102 Overview - MRT-8102 is designed to selectively degrade NEK7, which is essential for NLRP3 inflammasome assembly and activation, thereby inhibiting inflammatory cytokine release [4][5] - The investigational drug has shown potent inhibition of pyroptotic cell death and cytokine release in preclinical studies, indicating its potential effectiveness in treating conditions like pericarditis and atherosclerosis [2][4] Group 2: Clinical Development - A Phase 1 study of MRT-8102 is currently enrolling participants, with initial data expected to be presented in the first half of 2026 [1][2] - The drug has demonstrated a significant safety margin in toxicology studies, with over a 200-fold exposure margin compared to projected human efficacious doses [5] Group 3: Scientific Presentation - Preclinical data on MRT-8102 will be presented at the American Heart Association's Scientific Sessions 2025, highlighting its unique mechanism of action in modulating the NLRP3 inflammasome [1][2] Group 4: Company Background - Monte Rosa Therapeutics focuses on developing highly selective MGD medicines for serious diseases, utilizing a proprietary discovery engine that combines AI-guided chemistry and structural biology [6]

Core Insights - Marti Technologies, Inc. has launched its ride-hailing service in 10 additional cities across Türkiye, marking the company's largest single wave of expansion to date [1] - With this rollout, Marti's ride-hailing operations now cover a total of 20 markets across Türkiye [1] - This expansion follows a successful summer rollout into six major metropolitan areas, including Bursa [1]

Core Insights - Marti Technologies, Inc. has announced the expansion of its service offerings to include same-hour package deliveries, enhancing its position as Türkiye's leading mobility super app [1] - The new package delivery services will utilize the existing network of 382,000 registered motorcycle and car drivers, along with over 6.4 million unique users of its super app [1]

Core Viewpoint - Marti Technologies, Inc. has announced an extension of its share repurchase program, allowing the company to buy back up to $2.5 million of its Class A ordinary shares until April 9, 2026 [1]. Summary by Relevant Sections - **Share Repurchase Program** - The Board of Directors has authorized a six-month extension to the existing share repurchase program [1]. - The total amount allocated for the repurchase is $2.5 million [1]. - The program was originally initiated on January [1].

Core Insights - Marti Technologies, Inc. has been added to the S&P Global Broad Market Index, effective September 22, 2025, marking a significant milestone for the company [1][2]. Company Overview - Founded in 2018, Marti is Türkiye's leading mobility app, providing a range of transportation services including ride-hailing, e-mopeds, e-bikes, and e-scooters, all supported by proprietary software and IoT infrastructure [3]. Business Growth - The company has experienced rapid growth in its ride-hailing service, achieving 2.28 million unique riders, a 107% year-over-year increase, and 327 thousand registered drivers, a 92% increase [6]. - As of August 12, 2025, Marti's ride-hailing service reached 2.52 million riders and 357 thousand registered drivers, surpassing its targets for September 30, 2025, by achieving these numbers a month and a half early [9]. Market Position - Marti's inclusion in the S&P Global BMI will enhance its visibility among index-tracking and new investors, aiding in the expansion of its ride-hailing operations to capture long-term mobility market opportunities in Türkiye [2]. - The S&P Global BMI encompasses over 14,000 companies across developed and emerging markets, employing a transparent methodology [2].

Core Insights - Marti Technologies, Inc. (MRT) is a prominent player in Türkiye's mobility sector, particularly known for its comprehensive ride-hailing super app [1] - The company reported a significant increase in ride-hailing riders, reaching 2.28 million, which is a 107% rise year-over-year [1][5] - MRT's earnings report showed an EPS of -0.31, aligning with estimates, while revenue was $14.33 million, slightly below the expected $14.43 million [2][5] Financial Metrics - MRT has a price-to-sales ratio of 9.62, indicating a high market valuation relative to its sales [3][5] - The enterprise value to sales ratio is 13.37, suggesting a substantial valuation when factoring in debt and cash [3] - The company has a negative price-to-earnings ratio of -1.87 and an earnings yield of -53.39%, reflecting ongoing financial difficulties [3] - MRT's enterprise value to operating cash flow ratio is -9.95, highlighting cash flow challenges [4] - The debt-to-equity ratio of -1.22 indicates that MRT has more liabilities than equity [4] - Despite financial hurdles, MRT maintains a current ratio of 1.69, suggesting adequate current assets to cover short-term liabilities [4]

Exhibit 99.2 MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD JANUARY 1 - JUNE 30, 2025 and 2024 MARTI TECHNOLOGIES, INC. AND ITS SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS FOR THE INTERIM PERIOD JANUARY 1 - JUNE 30, 2025 AND 2024 (Amounts expressed in US$ unless otherwise indicated) | CONTENTS PAGE | | | --- | --- | | UNAUDITED INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS 1 | | | UNAUDITED STATEMENTS ...

Financial Data and Key Metrics Changes - Revenue increased by 70% from $8.4 million in H1 2024 to $14.3 million in H1 2025, primarily due to the monetization of the ride-hailing service [18] - Adjusted EBITDA improved by $5.4 million from negative $11.3 million in H1 2024 to negative $6 million in H1 2025 [20] - Cost of revenues decreased by 25% from $9.9 million in H1 2024 to $7.4 million in H1 2025 [18][19] Business Line Data and Key Metrics Changes - Unique ride-hailing riders grew from 1.1 million to 2.3 million year-over-year in H1 2025, a 107% increase [11] - Registered ride-hailing drivers increased from 171,000 to 327,000, a 92% year-over-year growth [11] - Total rides increased from 13.7 million in H1 2024 to 19.2 million in H1 2025 [17] Market Data and Key Metrics Changes - The company expanded its operations into six new metropolitan areas, increasing its reach to 10 cities, covering approximately half of Türkiye's population [7][8] - The share of riders based outside Istanbul grew from 13% to 24% over the last year, indicating strong demand in new markets [36] Company Strategy and Development Direction - The company is focusing on ride-hailing as its primary strategic direction, with plans to capture a $3 billion annual revenue opportunity in the ride-hailing market [12] - Investments are being made in building organizational capabilities, including AI engineering and performance marketing, to enhance operational efficiency and market position [9][10] - The company aims to reach 3.3 million riders and 450,000 registered drivers by the end of 2025 [11] Management's Comments on Operating Environment and Future Outlook - Management believes 2025 will be pivotal for scale and financial performance, with expectations to nearly double revenue from $18.7 million in 2024 to $34 million in 2025 [5][20] - The company is optimistic about the demand for ride-hailing services in Türkiye, especially in cities that have not previously experienced tech-based mobility solutions [34][35] Other Important Information - The company is the largest electric vehicle operator in Türkiye and the number one urban mobility app on both iOS and Android platforms [6] - The average App Store rating is 4.9 out of 5, reflecting positive user sentiment and engagement [10] Q&A Session Summary Question: What is the target level for two-wheeled electric vehicles deployed? - Management indicated that two-wheeled electric vehicles are integral to the service offering and will be reevaluated in summer 2026 based on customer needs and traffic to ride-hailing [22][23][24] Question: How is driver supply and AI engineering impacting the business? - There are no constraints in onboarding additional drivers, with driver supply increasing year-over-year. AI engineering is critical for optimizing pricing and enhancing rider and driver experiences [26][29] Question: What are the current take rates compared to global benchmarks? - Current take rates are in the high single digits, with significant upside potential for future increases [33] Question: How does the company balance growth and profitability? - The company is focused on growth while maintaining low take rates to capture market share, with plans to reassess the balance between fundraising and take rates in the future [42][64] Question: What is the strategy regarding the regulatory environment in Türkiye? - The company believes it is uniquely positioned to introduce and regulate new transportation services in Türkiye [48] Question: How does the company view its crypto treasury strategy? - The crypto strategy is designed to diversify non-operating cash, primarily held in USD, with a small fraction in Bitcoin as a store of value [50][51]

Financial Data and Key Metrics Changes - Revenue increased by 70% from $8.4 million in the first half of 2024 to $14.3 million in the first half of 2025, primarily due to the monetization of the ride-hailing service [18] - Adjusted EBITDA improved by $5.4 million from negative $11.3 million in the first half of 2024 to negative $6 million in the first half of 2025 [20] - Cost of revenues decreased by 25% from $9.9 million in the first half of 2024 to $7.4 million in the first half of 2025 [18][19] Business Line Data and Key Metrics Changes - Unique ride-hailing riders increased from 1.1 million to 2.3 million year-over-year in the first half of 2025, a growth of 107% [11] - Registered ride-hailing drivers grew by 92% year-over-year, from 171,000 to 327,000 [11] - Total rides increased from 13.7 million in the first half of 2024 to 19.2 million in the first half of 2025 [17] Market Data and Key Metrics Changes - The company expanded its operations into six additional metropolitan areas, bringing its total to ten cities, which represent approximately half of Türkiye's population and nearly two-thirds of its GDP [7][8] - The share of riders based outside of Istanbul grew from 13% to 24% over the last year, indicating strong demand in new markets [36] Company Strategy and Development Direction - The company is focusing on ride-hailing as its primary strategic direction, with plans to capture an estimated $3 billion annual revenue opportunity in the ride-hailing business [12] - Investments are being made in building organizational capabilities to support rapid growth in ride-hailing, including the introduction of new departments such as AI engineering and performance marketing [9][10] - The company aims to reach 3.3 million riders and 450,000 registered drivers by the end of 2025 [11] Management's Comments on Operating Environment and Future Outlook - Management believes that 2025 will be a pivotal year for scale and financial performance, with strong revenue growth and significant improvement in adjusted EBITDA [4] - The company is optimistic about the demand for ride-hailing services in Türkiye, especially in secondary cities that have not previously experienced tech-based mobility solutions [34][35] - The management is confident in the operational advantages of local companies in the mobility market, which enhances their competitive position [7] Other Important Information - The company has served over 128.6 million rides to 6.4 million unique riders since its launch [6] - The average App Store rating is 4.9 out of 5, reflecting positive user sentiment [10] - The company has raised an additional convertible note financing of $23 million in April, which fully funds the growth of the business for the next 12 months [64] Q&A Session Summary Question: What is the target level for two-wheeled electric vehicles deployed? - Management believes two-wheeled electric vehicle operations are integral to their service offering and will reevaluate the fleet size in summer 2026 [23][24] Question: How is driver supply and AI engineering impacting the business? - There are no constraints in onboarding additional drivers, and the AI engineering team is critical for optimizing pricing and enhancing rider and driver experiences [26][29] Question: What are the current take rates compared to global benchmarks? - Current take rates are in the high single digits, with significant upside potential for future increases [33] Question: How does the company balance growth and profitability? - The company is focused on growth while maintaining low take rates to capture market share, with plans to optimize profitability as the market matures [42] Question: What is the regulatory environment for ride-hailing in Türkiye? - The company believes it is well-positioned to introduce and regulate new transportation services in Türkiye [48] Question: What is the strategy regarding crypto treasury? - The company is diversifying its non-operating cash into USD and Bitcoin as a store of value, while the majority remains in USD [51] Question: What are the unit economics for rider and driver incentives? - Rider and driver incentives are limited, with low acquisition costs due to the existing brand presence and user base [56]

Financial Data and Key Metrics Changes - Revenue increased by 70% from $8.4 million in the first half of 2024 to $14.3 million in the first half of 2025, primarily due to the monetization of the ride-hailing service [18] - Adjusted EBITDA improved by $5.4 million from -$11.3 million in the first half of 2024 to -$6 million in the first half of 2025 [20] - Cost of revenues decreased by 25% from $9.9 million in the first half of 2024 to $7.4 million in the first half of 2025 [18][19] Business Line Data and Key Metrics Changes - Unique ride-hailing riders grew from 1.1 million to 2.3 million year-over-year, a 107% increase [11] - Registered ride-hailing drivers increased from 171,000 to 327,000, a 92% increase [11] - Total rides increased from 13.7 million in the first half of 2024 to 19.2 million in the first half of 2025 [17] Market Data and Key Metrics Changes - The company expanded its operations to six additional metropolitan areas in 2025, bringing total operations to 10 cities, covering approximately half of Türkiye's population [7][8] - The share of riders based outside of Istanbul grew from 13% to 24% over the last year [36] Company Strategy and Development Direction - The company is focusing on ride-hailing as its primary business model, transitioning from two-wheeled electric vehicles to ride-hailing services [3][4] - A significant investment plan for 2025-2026 has been announced, aimed at expanding ride-hailing services and enhancing operational capabilities [7][20] - The introduction of a dynamic pricing model in January 2025 is expected to enhance efficiency and satisfaction for riders and drivers [3] Management's Comments on Operating Environment and Future Outlook - Management believes 2025 will be a pivotal year for scale and financial performance, with expectations to nearly double revenue from $18.7 million in 2024 to $34 million in 2025 [5][20] - The company anticipates capturing a $3 billion annual revenue opportunity in the ride-hailing business as it scales operations [12] Other Important Information - The company is the largest electric vehicle operator in Türkiye and the number one urban mobility app on both iOS and Android [6] - The average App Store rating is 4.9 out of 5, indicating strong user sentiment [10] Q&A Session Summary Question: What is the target level for two-wheeled electric vehicles deployed? - Management believes two-wheeled electric vehicle operations are integral to the service offering and will reevaluate the fleet size in summer 2026 [22][23] Question: How is driver supply and AI engineering impacting the business? - There are no constraints in onboarding additional drivers, with a year-over-year increase in driver signups [26][27] - AI engineering is critical for optimizing pricing and enhancing rider and driver experiences [29] Question: What are the current take rates compared to global benchmarks? - Current take rates are in the high single-digits, with significant upside potential for future increases [33] Question: How does the company view growth versus profitability? - The company is focused on growth while maintaining low take rates to capture market share, with plans to optimize profitability as the market matures [41][42] Question: What is the regulatory environment for ride-hailing in Türkiye? - The company believes it is well-positioned to introduce and regulate new transportation services in Türkiye [48] Question: How is the company approaching its crypto treasury strategy? - The strategy involves diversifying non-operating cash into USD and Bitcoin as a store of value, with the majority still held in USD [51]