ASELSAN's 2022 first half financial results have been announced and according to the company 6-month turnover increased by 55% compared to the same period of the previous year and reached 10.8 billion TL ($601.8 million).
While the gross profit of the company increased by 33% compared to the first half of last year; Earnings Before Interest, Depreciation and Taxes (EBITDA) increased by 42% compared to the same period of the previous year and reached TL 2.7 billion. The EBITDA margin was 25%. ASELSAN's net profit increased by 50% compared to the same period of the previous year and reached TL 3.8 billion. The company's equity to assets ratio was 54%.
ASELSAN Chairman of the Board and General Manager Prof. Dr. Haluk GÖRGÜN evaluated the first half of the company's financial results with the following statement:
“With the awareness of our national responsibilities, we have left behind the first half of 2022, when we put our advanced technologies at the service of our country. We, as ASELSAN, continued our activities by growing steadily in this challenging period, when the world was faced with macroeconomic and geopolitical risks and global inflation created cost pressures around the world.
At ASELSAN, with the aim of leading technology, we carry out basic research studies on groundbreaking technologies with an innovative perspective, in a wide area ranging from artificial intelligence to autonomy, from photonics to metamaterials, from biodefense to quantum technologies, in order to move our country and ASELSAN forward.
In line with the vision of our Defense Industry Presidency, at ASELSAN, we also mobilize the power we draw from high-capacity human resources to develop products and systems and to own critical technologies. By making innovation and R&D the focal point of our activities in all business processes from production to marketing, from procurement to management, we achieve success in the national and international arena."