ASELSAN Elektronik Sanayi ve Ticaret Anonim (ASELS) Q4 2025 earnings summary

Executive summary

• Consolidated revenue reached TL 180.4 billion for 2025, up 14.7% year-over-year, with strong growth in both domestic and export sales.

• Net profit attributable to equity holders rose to TL 29.95 billion, a 49.6% increase compared to 2024.

• Total assets grew to TL 431.6 billion, and equity attributable to shareholders increased to TL 250.4 billion.

• The audit opinion was unqualified, confirming compliance with Turkish Financial Reporting Standards.

Financial highlights

• Gross profit increased to TL 57.4 billion, with a gross margin of 31.8%.

• Operating profit before financial expense was TL 49.8 billion, up from TL 35.8 billion in 2024.

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

• Earnings per 100 shares rose to 656.79 kuruş from 439.14 kuruş.

• Cash and cash equivalents at year-end were TL 29.1 billion, up from TL 21.8 billion.

Outlook and guidance

• The company signed new contracts worth USD 521 million after the reporting period, indicating a strong order pipeline.

• Management continues to prioritize investment in R&D and international expansion.