ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q4 2024 earnings summary

Executive summary

• Revenue rose to 120.2 billion TL, up 13% year-over-year, driven by both domestic and international sales.

• Net profit increased to 15.3 billion TL, a 46% rise compared to the previous year.

• Gross margin improved to 31.7% from 27.4% year-over-year.

• The company maintained a strong cash position, with cash and equivalents at 16.6 billion TL at year-end.

• The financial statements received an unqualified audit opinion, confirming compliance with TFRS.

Financial highlights

• Operating profit reached 27.3 billion TL, up from 36.1 billion TL in the prior year.

• EBITDA margin improved, supported by higher revenue and cost control.

• Earnings per share rose to 335.50 kuruş per 100 shares, up from 230.83 kuruş.

• Total assets increased to 242.8 billion TL, up from 217.4 billion TL year-over-year.

• Net financial debt/total equity ratio improved to 11% from 15% year-over-year.

Outlook and guidance

• 414 million USD in new contracts signed after the reporting period.

• Organizational restructuring in high-tech sectors to support growth and innovation.