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

Executive summary

• Interim consolidated financials for the six months ended 30 June 2026 were prepared in accordance with Turkish Accounting Standards and reviewed by an independent auditor, with no material misstatements identified.

• The group operates in defense, electronics, and related sectors, with a diversified structure including subsidiaries and joint ventures across multiple countries.

Financial highlights

• Revenue for the six months ended 30 June 2026 was TL 88,494,252 thousand, up from TL 70,956,004 thousand year-over-year.

• Net profit attributable to owners for the period was TL 14,439,306 thousand, a significant increase from TL 8,461,244 thousand in the prior year.

• Gross profit rose to TL 28,096,691 thousand from TL 22,706,853 thousand year-over-year.

• Earnings per 100 shares increased to 316.65 kuruş from 185.55 kuruş year-over-year.

• Cash and cash equivalents at period end were TL 39,468,926 thousand, up from TL 34,251,653 thousand at year-end 2025.

Outlook and guidance

• The group expects to benefit from a reduced corporate tax rate (from 25% to 12.5%) for manufacturing income effective 2027, reflected in deferred tax calculations.

• Post-period, contracts worth USD 1,915 million were signed, and the group's stake in Ulak Haberleşme increased to 61%.