ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 reached 22.79 billion TL, up from 20.91 billion TL year-over-year, with net profit attributable to equity holders at 2.27 billion TL, an increase from 1.94 billion TL in Q1 2024.

• Gross profit rose to 6.82 billion TL from 6.05 billion TL year-over-year, and EBITDA margin improved, reflecting operational efficiency.

• Total assets increased to 270.05 billion TL as of March 31, 2025, compared to 267.23 billion TL at year-end 2024.

Financial highlights

• Operating profit for Q1 2025 was 7.41 billion TL, up from 6.19 billion TL year-over-year.

• Earnings per share for the period were 49.89 kuruş per 100 shares, compared to 42.51 kuruş in Q1 2024.

• Cash and cash equivalents at quarter-end were 12.79 billion TL, down from 18.31 billion TL at year-end 2024.

• Total equity attributable to equity holders reached 156.70 billion TL, up from 154.42 billion TL at year-end 2024.

Outlook and guidance

• 202 M USD in new contracts were signed after the reporting period, indicating a strong order pipeline.

• Management changes include the appointment of a new CFO effective April 2025.