ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q2 2026 earnings summary

Executive summary

• Revenue for the first half of 2026 reached 88.5 billion TL, up from 71.0 billion TL year-over-year, with gross profit rising to 28.1 billion TL from 22.7 billion TL.

• Net income for the period was 14.4 billion TL, compared to 8.5 billion TL in the same period last year.

• Total assets increased to 549.7 billion TL as of June 30, 2026, from 508.2 billion TL at year-end 2025.

• The company maintained a strong cash position, with cash and equivalents at 39.5 billion TL, up from 34.3 billion TL at year-end.

Financial highlights

• Operating profit for the first half of 2026 was 22.5 billion TL, nearly flat compared to 23.1 billion TL in the prior year.

• EBITDA margin improved due to higher gross profit and controlled operating expenses.

• Earnings per share for the period was 316.65 kuruş per 100 shares, up from 185.55 kuruş year-over-year.

• Net cash from operating activities was 15.2 billion TL, down from 18.0 billion TL in the prior year.

Outlook and guidance

• The company expects to benefit from a reduction in the corporate tax rate for manufacturing income from 25% to 12.5% starting 2027.

• Significant new contracts signed after the reporting period total 1.915 billion USD.