ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached TL 34.3 billion, up from TL 29.8 billion year-over-year, with net profit rising to TL 5.5 billion from TL 2.8 billion.

• Gross profit increased to TL 10.5 billion, and operating profit before financial expense was TL 9.5 billion.

• Total assets grew to TL 485.0 billion as of March 31, 2026, compared to TL 474.9 billion at year-end 2025.

Financial highlights

• Revenue rose 15% year-over-year; export sales were TL 3.7 billion.

• Gross margin improved, with cost of sales at TL 23.8 billion.

• Net profit margin increased, with earnings per 100 shares at 121.48 kuruş, up from 65.28 kuruş.

• Cash and cash equivalents at period end were TL 31.0 billion, up from TL 16.7 billion a year earlier.

• Total equity attributable to shareholders rose to TL 281.1 billion.

Outlook and guidance

• After the reporting period, new contracts totaling USD 143 million were signed.