ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q3 2025 earnings summary

Executive summary

• Revenue for the nine months ended 30 September 2025 reached TL 90.87 billion, up from TL 80.93 billion year-over-year.

• Net profit attributable to equity holders was TL 11.65 billion, compared to TL 8.19 billion in the prior year period.

• Gross profit increased to TL 28.09 billion from TL 25.02 billion year-over-year.

• Total assets grew to TL 324.32 billion from TL 304.54 billion at year-end 2024.

• The company signed new contracts worth USD 719 million after the reporting period.

Financial highlights

• Operating profit for the nine months was TL 26.27 billion, up from TL 19.15 billion year-over-year.

• Earnings per 100 shares rose to 255.50 kuruş from 179.53 kuruş year-over-year.

• Cash and cash equivalents at period end were TL 14.44 billion, down from TL 20.87 billion at year-end 2024.

• Total equity attributable to equity holders increased to TL 186.36 billion from TL 175.98 billion at year-end.

• Total financial liabilities decreased to TL 38.21 billion from TL 40.84 billion at year-end.

Outlook and guidance

• The company continues to benefit from strong domestic and export sales, with significant new contracts signed post-period.

• Ongoing R&D incentives and tax exemptions are expected to support profitability through 2028.