Altınay Savunma Financial Results (2024–2025): IPO, Revenue and ALTNY Figures
The financial results of Altınay Savunma Teknolojileri for 2024–2025 tell the story of a defence-electronics company that went public on Borsa İstanbul under the ticker ALTNY and then reported strong top-line growth. This article compiles the publicly available figures — the 2024 IPO, the first nine-month 2024 results and the 2025 revenue milestone — while keeping every number tied to public sources and flagging where official financial statements should confirm the data.
How to read Altınay’s 2024–2025 financials
Altınay Savunma is a listed defence-technology company whose shares trade on Borsa İstanbul as ALTNY. Its recent financial story has three anchors: the public offering completed in May 2024, the operating results reported through the first nine months of 2024, and the full-year 2025 revenue figure. Where a number comes from press or web coverage rather than an audited statement, we say so — investors should always cross-check against the company’s official filings on the Public Disclosure Platform (KAP).
The 2024 IPO: ALTNY joins Borsa İstanbul
Altınay’s defining 2024 financial event was its initial public offering. According to public reporting, shares were priced at ₺32 and the offering was held on 8–10 May 2024, raising on the order of ₺1.8 billion. The prospectus, approved by Türkiye’s Capital Markets Board (SPK), carried a PwC sector report and a price-assessment report. The listing gave the company both fresh capital for growth and a public valuation benchmark. For the detailed ownership breakdown, see our Altınay IPO and ownership structure analysis.
Nine-month 2024 results: revenue and net profit
For the first nine months of 2024, public sources point to revenue of roughly ₺1.1 billion and net profit of about ₺212.5 million. These figures should be read as period results rather than a full-year total, and they should be reconciled against the audited statements. Even at this level they signalled a business that was both growing and profitable in the year it went public — a combination that is not always present in newly listed technology firms.
2025: revenue passes ₺3.1 billion
The headline 2025 result is that Altınay’s revenue exceeded ₺3.1 billion, a marked step up from the 2024 pace. This growth reflects the company’s widening product base — motion-control systems, mast systems, servo drives, the Kuşkapanı HYTS and weapon pedestals — as well as its expanding role across naval, land and unmanned programmes. We covered this milestone in detail in our Altınay 2025 strong-growth report. As always, inflation and currency effects mean nominal Turkish-lira growth should be interpreted with care.
| Metric | Value | Note / source basis |
|---|---|---|
| IPO date | 8–10 May 2024 | Web reporting; confirm vs prospectus |
| IPO price | ₺32 | Web reporting |
| IPO size | ~₺1.8 billion | Web reporting |
| 2024 revenue (9M) | ~₺1.1 billion | Web reporting; period figure |
| 2024 net profit (9M) | ~₺212.5 million | Web reporting; period figure |
| 2025 revenue | ₺3.1 billion+ | Reported milestone |
| Issued capital | ₺1,000,000,000 | Official ownership disclosure |
| Ticker / exchange | ALTNY / Borsa İstanbul | Official |
Capital and ownership behind the numbers
Altınay’s issued capital is ₺1,000,000,000, with a registered ceiling at the same level. Founder Hakan Altınay holds about 60.01% of the capital and 79.15% of the voting rights, while the free float represents roughly 39.99% of capital and 20.85% of votes. This structure keeps strategic control with the founder while giving public investors exposure to the company’s growth. See who owns Altınay for the full ownership picture.
What drives the revenue — and what to watch
The growth engine is engineering-intensive production: naval helicopter handling (Kuşkapanı HYTS), keyless mast systems, high-precision servo drives and stabilised pedestals, backed by subsidiaries such as DASAL in unmanned systems. For investors, the metrics to watch going forward are order backlog, export conversion (exhibitions and trials are not yet booked sales), margins under inflation, and how efficiently the IPO proceeds are deployed into new capacity. For the international dimension, see our Altınay exports and international activity coverage.
| Altınay Financial Results — Fact Box | |
|---|---|
| Company | Altınay Savunma Teknolojileri A.Ş. (Teknopark İstanbul, Kurtköy) |
| Ticker / exchange | ALTNY · Borsa İstanbul |
| Issued capital | ₺1,000,000,000 |
| 2025 revenue | ₺3.1 billion+ (reported) |
| 2024 revenue (9M) | ~₺1.1 billion (period) |
| 2024 net profit (9M) | ~₺212.5 million (period) |
| IPO | 8–10 May 2024 · ₺32 · ~₺1.8 billion |
| Ownership | Hakan Altınay ~60.01% capital / 79.15% votes; free float ~39.99% / 20.85% |
| Important caveat | Web-sourced figures should be confirmed against official KAP statements |
Frequently Asked Questions
Is Altınay Savunma publicly traded?
Yes. Altınay is listed on Borsa İstanbul under the ticker ALTNY following its May 2024 public offering.
What was Altınay’s 2025 revenue?
Public reporting puts full-year 2025 revenue at more than ₺3.1 billion, a strong increase over the 2024 pace.
How much did Altınay make in 2024?
For the first nine months of 2024, public sources cite around ₺1.1 billion in revenue and about ₺212.5 million in net profit. These are period figures and should be confirmed against audited statements.
What was the IPO price and size?
Shares were priced at ₺32 in an offering held on 8–10 May 2024, raising on the order of ₺1.8 billion, according to public reporting.
What is Altınay’s issued capital?
Issued capital is ₺1,000,000,000, matching the registered capital ceiling.
Who controls the company?
Founder Hakan Altınay holds about 60.01% of the capital and 79.15% of the voting rights; the free float is roughly 39.99% of capital and 20.85% of votes.
Where can I verify these figures?
Audited financial statements and disclosures are published on the Public Disclosure Platform (KAP); this article flags where numbers come from web reporting rather than official filings.
Sources
- Altınay official investor-relations pages (capital and ownership structure), altinaysavunma.com
- Public web/press reporting on the May 2024 IPO (price, size, dates) and 2024 nine-month results
- Public Disclosure Platform (KAP) — official filings for verification
- envantermedya archive — Altınay corporate, IPO and 2025 growth coverage
