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

Executive summary

• Revenue for Q1 2026 reached 34.3 billion TL, up from 29.8 billion TL year-over-year, with gross profit of 10.5 billion TL and net profit of 5.5 billion TL, more than doubling from 2.8 billion TL in Q1 2025.

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

• Equity attributable to shareholders rose to 281.1 billion TL from 275.6 billion TL at year-end.

Financial highlights

• Operating profit for Q1 2026 was 8.5 billion TL, up from 8.9 billion TL in Q1 2025.

• EBITDA margin improved, with significant increases in both revenue and net profit year-over-year.

• Earnings per 100 shares rose to 121.48 TL from 65.28 TL year-over-year.

• Cash and cash equivalents at quarter-end were 31.0 billion TL, down from 32.0 billion TL at year-end.

• Net cash from operating activities was 5.9 billion TL, up from 5.5 billion TL in Q1 2025.

Outlook and guidance

• 143 million USD in new contracts signed after the reporting period, indicating strong future order flow.

• Continued focus on R&D and international expansion, with a growing workforce and new subsidiaries.