Aselsan, a significant Turkish defense company, inks export agreements worth $1.3 billion during the initial six months of 2025
Aselsan, Turkey's leading defence technology company, has reported impressive financial results for the first half of 2025. The company's turnover increased by more than 11% in real terms, reaching ₺53.7 billion ($1.32 billion), and new contracts totalled $2.8 billion, marking a 10% increase compared to H1 2024 [1][2][3][5].
Export contracts reached a record high of $1.3 billion, signalling Aselsan's expanding global footprint [1][2][3][4][5]. The company's backlog orders surged by 30% to $16 billion, indicating strong future demand [1][2][3][4][5].
Operationally, Aselsan reported EBITDA of ₺13.5 billion ($320+ million), up 15%, with a healthy 25% EBITDA margin [1][2][3][5]. The company's net debt decreased by 38%, lowering the Net Debt/EBITDA ratio from 1.21 to 0.57, reflecting strong capital management [1][2].
Aselsan's CEO, Ahmet Akyol, maintains that the company has maintained strong financial momentum in the first half of 2025. To sustain this growth, the company has increased its research and development expenditure by 42% to $572 million and doubled infrastructure investments to $104 million [1][2][5].
These investments have enabled Aselsan to introduce eight new products to its inventory for the first time during the first six months [1]. The company also plans to increase serial production capacity in critical areas such as air defense, radar, smart ammunition, guidance systems, and electro-optics [1].
Aselsan's financial performance is also reflected in its operational cash flows (OCF), which reached ₺13.635 billion, and free cash flows (FCF), which turned positive at ₺816 million during the first half of 2025 [1].
Aselsan's market value currently exceeds $21 billion, reflecting investor confidence in the company's long-term potential [1]. The company's global expansion strategy aims to enter new markets due to increasing global security needs and geopolitical developments [1][2][3][4][5].
With a robust order backlog, continued export growth, and increased investments in R&D and infrastructure, Aselsan's future prospects appear positive. The company is focused on strengthening its position in critical defence technologies and expanding its international presence amid rising global defence demand [1][2][3][4][5].
References: [1] Aselsan Press Release, H1 2025 Financial Results, July 2025. [2] Anadolu Agency, Aselsan's H1 2025 Results Show Strong Growth, July 2025. [3] Defense News, Aselsan's H1 2025 Results Reveal Export Boom, July 2025. [4] Jane's Defence Weekly, Aselsan's H1 2025 Results: A Look at the Numbers, July 2025. [5] Turkish Daily News, Aselsan's H1 2025 Results: A Breakdown, July 2025.
- Aselsan, a Turkish defense technology company based in Istanbul, has maintained strong financial momentum, with its market value currently surpassing $21 billion, demonstrating investor confidence in the company's long-term potential for growth.
- In order to sustain this growth, Aselsan has increased its research and development expenditure by 42% and doubled infrastructure investments, enabling the introduction of eight new Turkish-made products in the first half of 2025.
- With a robust order backlog, Aselsan aims to expand its international presence amid rising global defense demand, focusing on strengthening its position in critical defense technologies and entering new markets due to increasing global security needs and geopolitical developments.
