Growing every quarter, ASELSAN continued its growth in the first quarter of 2023. ASELSAN's Profit Before Interest, Depreciation and Tax (EBITDA) stood at TL 1,9 billion. The net profit of the company increased by 34% compared to the same period of the previous year and reached 2,3 billion TL. Continuing to maintain its strong equity structure, ASELSAN's equity-to-asset ratio was 55%.
“As ASELSAN, we continue to work hard for our country, produce technology and strive to go further. As of the end of the first quarter of 2023, our company's balance orders amounted to USD 8,2 billion.
With our vast engineering experience, we continue to meet the needs of our country, and to work with all our might towards our common goal of domestic and national independence.
To provide radar electronic warfare, avionics, electro optics, communication systems and subsystems to our national platforms such as Altay Tank, TCG Anadolu, Hürjet, Hürkuş, Gökbey, MMU, Atak, Utility Helicopter, F-16, Aksungur, Akıncı, TB2 and TB3. We are proud of fulfilling our responsibility successfully.
As ASELSAN, we paid approximately 2023 billion TL to our suppliers in the first quarter of 9,3. In the first 2023 months of 3, we successfully completed the nationalization of 40 products. Thus, we have increased the number of products we have nationalized in the last 3 years to 706 and ensured that the size of over 726 million USD remains in our country.
In the first quarter of 2023, we exported ASELSAN products to a new country where no sales have been made so far. Thus, the number of countries that have become our users in the last four years has reached 83 as of today. Our overseas balance order has exceeded one billion dollars. We signed an international contract worth 2023 million USD in the first quarter of 136, surpassing the first quarter performance of previous years.
In the continuation of 2023, we will continue to move forward with the same determination to work and transfer this to our financial results. I would like to thank all our stakeholders, especially our President, our Presidency of Defense Industries and our employees.”