DOF Robotics Brings Its Global Success Story to the Stock Market

DOF Robotics, a pioneer in revolutionary innovations in the robotics industry with its high-tech products and educational projects, and winner of numerous prestigious awards both internationally and throughout Turkey, is going public. The DOF Robotics IPO will be open to bid on September 3, 4, and 5, 2025. DOF Robotics Chairman Mustafa Mertcan, who described the IPO as a strategic step towards sustainable growth, said, “The proceeds from the IPO will significantly contribute to our company's investment in high-value-added projects, increasing production capacity, and expanding into new markets.”

DOF Robotics, a company with nearly 19 years of experience developing innovative products integrated with next-generation technologies in industries such as robotics, education, entertainment, and defense, is going public. The IPO's book-building dates are September 3, 4, and 5, 2025. Led by Yatırım Finansman and TSKB, the IPO will be held at a fixed price of 45 TL per share. Shares with a total nominal value of 45 million TL will be offered for sale, and the IPO will raise 2.025 billion TL. Following the approval of the IPO application by the Capital Markets Board (CMB), the company has initiated the book-building process and 29.03% of its capital will be offered for sale on the Borsa Istanbul.

DOF Robotics, a globally recognized technology company with motion simulators and digital experience technologies integrated with autonomous robotic systems, exports to more than 60 countries across six continents. Developing products for the world's most visited theme parks, including Universal Studios, Marvel, and Warner Bros., primarily in the US and China, the company also collaborates with renowned brands like Angry Birds, Monster Jam, Transformers, and Smurfs to create virtual reality environments, content, and games enhanced with special effects.

“We want to grow with investments”

Mustafa Mertcan, Chairman of DOF Robotics , stated that now is the time to share the company's success, which has been growing rapidly in global markets for many years with its export-focused business model, with the capital markets. He considered the IPO a significant strategic step towards sustainable growth. Emphasizing that they plan to invest the proceeds from capital markets, Mertcan said, “As DOF ​​Robotics, we aim to grow through investments. Therefore, we believe that the proceeds we will receive from the IPO will significantly contribute to our company's investment in high-value-added projects, increasing production capacity, and expanding into new markets.”

Aims to open a production facility in the Netherlands

Mertcan explained that DOF Robotics has been producing products using robotic technologies in the entertainment industry since 2006 and that they have exported 90 percent of their production to more than 60 countries around the world, and said:

Our company operates in the robotics and entertainment industries by producing virtual reality and augmented reality attractions, motion simulators, and interactive virtual reality games. We develop products for the entertainment and simulation industries. We blend technology with imagination and implement this internationally with our flexible and customizable production capabilities. Turkey holds a competitive position in international markets for products requiring advanced technology, such as motion simulators and motion cinemas. While India and the US lead Türkiye's exports, countries such as the United Arab Emirates (UAE), Italy, and France also hold significant shares. Our company accounts for almost all of Turkey's exports in this sector. DOF Robotics, which stands out with its innovative motion simulators and VR technologies, is recognized worldwide as a strong brand.

After dementia patients, it's agricultural robots' turn

Mertcan emphasized that the company has carried out more than 50 R&D projects since its establishment and has produced 100% domestic products with high added value, and continued:

Within the scope of R&D activities for new product and project development, we conduct concept development, testing, business analysis, and product development within a 4,000-square-meter enclosed space located in the Istanbul Specialized Free Zone (ISBI), where we conduct our production activities. To facilitate the production of new projects resulting from R&D and future production planning, we have leased a new 3,000-square-meter production facility in Hadımköy, Istanbul, starting in 2026. With this new production facility, we plan to triple capacity. Furthermore, because the Netherlands is the country with the highest number of bilateral agreements between EU countries and the world, we aim to open a production facility in the Netherlands. We have developed innovative robotic solutions for various sectors, in addition to the entertainment industry. We are producing healthcare robots to remotely monitor the condition of dementia patients and ensure they take their medications regularly. Our R&D efforts are ongoing to utilize the AMR (Autonomous Mobile Robot) robot developed by our company in the agriculture and service sectors in the future. In this regard, the first phase involves developing AMR applications for the service sector, and the second phase involves developing agricultural robots to meet the needs of the agricultural sector. We plan to expand our customer base through operational leasing agreements to increase the company's sales and expand into a wider market. We believe the operational leasing model will positively contribute to sales figures and increased market share by creating a new sales channel.

It will give you the experience of traveling to Mars with Mission Moon

Mertcan also discussed the new projects they will be implementing in the coming period, stating that they aim to make Turkey a pioneer in technology and innovation tourism with "Digital Park: Mission Moon," which they will develop in partnership with a US-based company. Mertcan stated that this project aims to support Turkey's vision of international technology leadership and elevate the brand value of Turkish engineering, continuing:

Encompassing a total area of ​​3,800 square meters, 1,080 square meters of which are designed entirely around the Mars Station concept, the project aims to provide visitors with the experience of a journey to Mars using advanced technologies while providing them with the feeling of an astronaut. The Mars Journey Simulator will provide a realistic simulation experience spanning 168 square meters. Visitors will experience the physical conditions of the Martian atmosphere while walking on the Martian surface. Furthermore, the Research and Development Center aims to introduce participants to the science and technology of the new era. Furthermore, we plan to launch the Flying Theater Project, which we call the "Flying Theater," a rare project in the world, for the first time in Türkiye in Samsun. We will offer people the opportunity to experience a simulated flight over the city and tour Samsun in 10 minutes. Following Samsun, we aim to implement the Flying Theater project in Istanbul, Antalya, and Cappadocia, and then expand internationally.

Its turnover increased by 75.78 percent in the second quarter, reaching 267.0 million TL.

Mustafa Mertcan stated that the company's successful performance is also reflected in its financial data,

As of the end of 2024, shareholders' equity increased by 96.71 percent to reach TL 339,914,566, and as of June 30, 2025, it stood at TL 404,877,000. Our total assets, which were TL 1,475,000,000 at the end of 2024, increased to TL 1,675,000,000 as of the second quarter of 2025. The increase in the number of international fairs our company participates in and the orders we receive has a positive impact on our turnover. As of the second quarter of 2025, our turnover increased by 75.78 percent compared to the same period of the previous year, reaching TL 267,023,000. We believe that the positive momentum in our financial statements will further accelerate with the new investments and projects we will undertake after the IPO.

Among the 100 Fastest Growing Companies in Türkiye

Mertcan also stated that DOF Robotics, a brand of Turquality, a state-sponsored branding program run by the Ministry of Trade, has proven its strong position in the industry with numerous prestigious awards both domestically and internationally. The company's major awards, both domestically and internationally, include:

• IAAPA Brass Ring Best Product Award in 2016 and 2022 at the IAAPA Expo, one of the entertainment fairs held every year in Orlando, USA.
• Innovation Award in the Augmented Virtual Reality category at the entertainment expo CES in Las Vegas.
• First prize in the Brass Ring Best Exhibit category at the IAAPA Asia Expo in 2023 and 2024.
• “Inovalig/Innovation Strategy” award by the Turkish Exporters Assembly in 2024.
• Deloitte Technology EMEA Fast 500 2024 list, which identifies the fastest-growing technology companies in Europe, the Middle East and Africa, organized by Deloitte.
• "Best Technology Company of the Year" award at the Crystal Marmara Awards organized by Marmara University Business Club in 2025.
• “The 100 Fastest Growing Companies in Türkiye” award from the Union of Chambers and Commodity Exchanges of Türkiye (TOBB).
• DOF Robotics climbed 49 places compared to last year in the overall Bilisim 500 ranking, reaching 147th place. It also rose 20 places to 57th in the main "Turkey-Based Manufacturer" category, and achieved great success by ranking 5th in the "Hardware - Miscellaneous Hardware" category.
• “Sports and Technology” award within the scope of TÜBİTAK BiGG 2025 program in 2025.

“DOF Robotics is a valuable company that successfully represents Türkiye in the global arena.”

Investment Finance General Manager Eralp Arslankurt emphasized that DOF Robotics, with its innovative product portfolio, strong export capacity, and growth momentum, is a highly valuable company for the capital markets. He said, "DOF Robotics, which has been growing rapidly in global markets for many years with its export-focused business model and has enhanced the brand value of Turkish engineering by undertaking high-value-added projects, successfully represents our country in the global arena. As Investment Finance, we are delighted to be leading the IPO of such a valuable company."

Onur Aksoy, Head of TSKB's Capital Markets Department, described DOF Robotics as a "value investment" for capital market investors, thanks to its strong financial and partnership structure. Aksoy also shared details about the IPO, saying, "40 percent of the IPO, which will offer shares with a total nominal value of 45 million Turkish Lira, has been allocated to domestic individual investors, 50 percent to domestic institutional investors, and 10 percent to investors with high demand."