Turkcell Iletisim Hizmetleri A.S. (IST:TCELL)

IST:TCELL Income Statement

Financials in millions TRY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	178,263	166,671	154,653	93,487	35,921	29,104
Revenue Growth (YoY)	1.16%	7.77%	65.43%	160.26%	23.42%	15.78%
Cost of Revenue	129,270	125,512	121,987	81,377	25,218	20,334
Gross Profit	48,993	41,159	32,666	12,110	10,703	8,770
Selling, General & Admin	19,671	17,763	13,052	7,085	2,670	2,102
Other Operating Expenses	-11,223	-11,142	-12,999	1,591	484.31	453.48
Operating Expenses	8,447	6,621	53.15	8,676	3,154	2,556
Operating Income	40,545	34,538	32,613	3,434	7,549	6,214
Interest Expense	-25,947	-25,535	-48,809	-5,475	-1,199	-1,001
Interest & Investment Income	4,236	4,506	17,014	6,291	1,470	758.81
Earnings From Equity Investments	-4,172	-3,163	2,202	522.22	90.09	-13.78
Currency Exchange Gain (Loss)	2,962	-	-	-8,016	-5,773	-2,520
Other Non Operating Income (Expenses)	3,626	5,851	5,511	7,078	2,764	1,662
EBT Excluding Unusual Items	21,250	16,197	8,530	3,834	4,901	5,100
Merger & Restructuring Charges	12.28	-	-	-	-5.99	-13.05
Gain (Loss) on Sale of Investments	-108.28	-108.28	-33.43	-35.5	-	-31.54
Gain (Loss) on Sale of Assets	18.64	-	-	-	-	-
Asset Writedown	-135.73	-135.56	2.06	-391.62	-39.84	-22.65
Legal Settlements	-65	-	-	-156.02	-313.59	-406.16
Other Unusual Items	4.91	-	-	-	-	-
Pretax Income	20,977	15,953	8,499	3,251	4,541	4,627
Income Tax Expense	8,500	4,866	-6,751	-2,785	-490.18	387.19
Earnings From Continuing Operations	12,477	11,087	15,250	6,036	5,031	4,240
Earnings From Discontinued Operations	10,736	12,428	2,844	842.37	-	-
Net Income to Company	23,213	23,515	18,094	6,879	5,031	4,240
Minority Interest in Earnings	-1.18	8.56	31.4	1.58	-0.18	-2.53
Net Income	23,212	23,523	18,125	6,880	5,031	4,237
Net Income to Common	23,212	23,523	18,125	6,880	5,031	4,237
Net Income Growth	-14.40%	29.78%	163.43%	36.76%	18.74%	30.51%
Shares Outstanding (Basic)	2,180	2,181	2,182	2,183	2,183	2,183
Shares Outstanding (Diluted)	2,180	2,181	2,182	2,183	2,183	2,183
Shares Change (YoY)	-0.16%	-0.05%	-0.05%	-	-	-0.04%
EPS (Basic)	10.65	10.79	8.31	3.15	2.30	1.94
EPS (Diluted)	10.65	10.79	8.31	3.15	2.30	1.94
EPS Growth	-14.26%	29.85%	163.55%	36.76%	18.79%	30.50%
Free Cash Flow	59,396	44,313	48,122	30,887	15,603	10,183
Free Cash Flow Per Share	27.25	20.32	22.05	14.15	7.15	4.67
Dividend Per Share	3.636	3.636	2.853	1.023	0.572	1.175
Dividend Growth	27.45%	27.45%	178.99%	78.89%	-51.36%	218.61%
Gross Margin	27.48%	24.70%	21.12%	12.95%	29.80%	30.13%
Operating Margin	22.75%	20.72%	21.09%	3.67%	21.02%	21.35%
Profit Margin	13.02%	14.11%	11.72%	7.36%	14.01%	14.56%
Free Cash Flow Margin	33.32%	26.59%	31.12%	33.04%	43.44%	34.99%
EBITDA	51,421	60,826	56,434	23,238	11,205	9,328
EBITDA Margin	28.85%	36.49%	36.49%	24.86%	31.20%	32.05%
D&A For EBITDA	10,876	26,288	23,822	19,804	3,657	3,114
EBIT	40,545	34,538	32,613	3,434	7,549	6,214
EBIT Margin	22.75%	20.72%	21.09%	3.67%	21.02%	21.35%
Effective Tax Rate	40.52%	30.50%	-	-	-	8.37%
Revenue as Reported	178,263	166,671	154,653	93,487	35,921	29,104

Source: S&P Global Market Intelligence. Standard template. Financial Sources.