ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 reached 53.7 billion TL, up from 48.2 billion TL year-over-year, with gross profit rising to 17.2 billion TL from 15.4 billion TL.

• Net income attributable to equity holders was 6.4 billion TL, compared to 5.1 billion TL in the same period last year.

• The company maintained a strong cash position with 15.8 billion TL in cash and cash equivalents at period end.

• A limited review found no issues with compliance to Turkish accounting standards.

Financial highlights

• Gross margin improved to 32% from 32% year-over-year.

• Operating profit increased to 17.5 billion TL from 12.6 billion TL year-over-year.

• Earnings per 100 shares rose to 140.45 TL from 112.51 TL year-over-year.

• Total assets grew to 290.3 billion TL from 283.3 billion TL at year-end 2024.

• Equity attributable to shareholders increased to 170.2 billion TL from 164.9 billion TL at year-end.

Outlook and guidance

• 286 million USD in new contracts were signed after the reporting period, indicating continued growth.