ASELSAN announced it reached 151.5 billion lira in revenue during the first nine months of 2026. According to financial results disclosed on the Public Disclosure Platform, the company increased new orders received to 14 billion dollars during this period. Focused on export strategy, ASELSAN raised newly signed export contracts by 34 percent, bringing them to 1.9 billion dollars. For the first time in company history, backlog orders surpassed the 30 billion dollar threshold.

Significant growth was recorded in investment activity. Nine-month investments increased 228 percent, reaching 684 million dollars. Air defense systems, radar technologies, electronic warfare solutions, underwater systems, artificial intelligence-enabled urban security applications, guided munitions, electro-optical and communications technologies played decisive roles in revenue growth. ASELSAN General Manager Ahmet Akyol emphasized that 2026 represents a year in which the company transformed the scale of its growth. Dollar-based growth rate increased from 18 percent in 2024 and 29 percent in 2025 to 42 percent this year.

Operational performance showed notable improvements. ASELSAN's EBITDA margin rose 190 basis points compared to the same period last year, reaching 26.8 percent. EBITDA amount increased 38 percent to 40.6 billion lira. The ratio of orders received to sales rose to 4.4, and this metric was evaluated as an indicator of strong business volume for future years. Per capita revenue showed 4 percent growth on a dollar basis.

Research and development investments accelerated. ASELSAN's research and development spending increased 36 percent, reaching 1.3 billion dollars. Intensive investments were made in satellite technologies, quantum computing, underwater systems, high-power microwave technologies, microelectronic systems and smart munitions. The first phase of Oğulbey Technology Hub, the largest defense industry investment in Turkish history, became operational during this period. The Guided Munitions Systems Production Center was also commissioned.

Financial discipline was maintained while balance sheet strength improved. Operating cash flow reached 23 billion lira. Financial debt's share of assets remained at 14 percent. Financing expenses decreased 10.3 percent. ASELSAN, with an equity ratio of 55 percent, maintained a position above sector averages. Balance sheet size increased 15 percent. Return on equity rose 400 basis points to 16.6 percent, while return on assets increased to 9 percent.