Aselsan's first-half sales rise 25% to 88.5 billion lira

Aselsan increased its sales by 25% to 88.5 billion lira in the first half of 2026 compared to the same period last year. The company's new contract value rose 72% to $4.9 billion.

Scraper SystemAugust 05, 2026, 12:45 PM

Aselsan's first-half sales rise 25% to 88.5 billion lira

Aselsan's First-Half Performance

Aselsan, one of the leading companies in the Turkish defense industry, announced its financial results for the January-June 2026 period.

Accordingly, the company's sales revenue rose 25% to 88.5 billion lira ($1.88 billion) compared to the same period last year.

New Contracts and Order Backlog

The value of new contracts signed by Aselsan in this period reached $4.9 billion, a 72% increase.

Order backlog rose 45% to $23.2 billion. Company officials said these figures reflect the positive results of the sustainable growth strategy.

Financial Structure Strengthens

As the company continues its future-oriented investments, the net debt to EBITDA ratio declined from 0.57 to 0.55.

Revenue Breakdown

In the six-month period, the largest contributions to sales came from air defense systems, radars, electronic warfare technologies, AI-supported urban security solutions, naval systems, electro-optical products, and guided munitions.

2025 Performance

For the full year 2025, Aselsan had increased its sales by 15% year-on-year to 180.4 billion lira (approximately $4.1 billion).

Historic BIST 100 Record

On January 13, 2026, Aselsan made BIST 100 history as the first Turkish company to exceed a market capitalization of $30 billion on Borsa Istanbul.

A Legacy Spanning Over Half a Century

Founded in 1975 in response to the arms embargo imposed on Turkey after the Cyprus Peace Operation, Aselsan has played a critical role in meeting the needs of the domestic defense industry for over half a century.