While the company's gross profit increased by 68 per cent compared to the first half of last year, earnings before interest, depreciation, and Taxes (EBITDA) increased by 62 per cent compared to the same period of the previous year and reached 4.4 billion TL. The EBITDA margin was 24 per cent. ASELSAN's net profit increased by 42 per cent compared to the same period of the previous year and reached 5.4 billion TL. The company's equity-to-assets ratio was 51 per cent.
ASELSAN General Manager Ahmet Akyol emphasised that the company continues its sustainable growth. Commenting on ASELSAN's first-half financial results, Akyol said: "According to the financial results, we left the first half of 2023 behind with a high profitability rate and success. When we signed new contracts in the first half of 2023, ASELSAN's orders balance reached 8.4 billion USD. In the first six months of 2023, we paid approximately 17.8 billion TL to our suppliers. In the first six months of 2023, we completed the nationalisation of 68 products. While leading Turkey in military technology, we have increased the number of products we have nationalised to 738 in the last five years. Thus, we ensured that over 900 million dollars remained in our country. At the same time, we signed necessary export contracts in the first six-month period. We will see the positive reflections of these contracts in the coming periods. In the coming period, we want to increase our exports, focus on high technology, and reach a higher nationality rate. While maintaining our steady growth, we continue to be Turkey's national power in terms of sustainability. For this reason, we adopt the vision of being a technology company that maintains its sustainable growth, is preferred with its competitive power, is trusted, and is sensitive to the environment and people."
