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

Executive summary

• Revenue for Q1 2025 reached TL 22.8 billion, up from TL 20.9 billion year-over-year, with gross profit rising to TL 6.8 billion from TL 6.0 billion.

• Net profit attributable to owners was TL 2.27 billion, up from TL 1.94 billion in Q1 2024.

• Total assets increased to TL 270.0 billion as of March 31, 2025, compared to TL 267.2 billion at year-end 2024.

• The company signed new contracts worth USD 202 million after the reporting period.

Financial highlights

• Operating profit for Q1 2025 was TL 7.4 billion, compared to TL 6.2 billion in Q1 2024.

• Earnings per 100 shares rose to 49.89 kuruş from 42.51 kuruş year-over-year.

• Cash and cash equivalents at period end were TL 12.8 billion, down from TL 18.3 billion at year-end 2024.

• Total equity attributable to shareholders increased to TL 156.7 billion from TL 154.4 billion at year-end.

Outlook and guidance

• The company expects continued growth, supported by new contracts and ongoing R&D incentives.

• Tax incentives for R&D activities are expected to continue until at least 2028.