Turkey · Delayed Price · Currency is TRY Turkcell Iletisim Hizmetleri A.S. Earnings Call Transcripts
Fiscal Year 2026
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Revenue grew 2.5% year-on-year to TRY 71.8 billion, with EBITDA margin at 41.8% and net income of TRY 5.2 billion, despite inflation and FX volatility. Strategic growth in digital, FWA, and Techfin segments continued, while 5G and fiber investments remained a priority.
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Nationwide 5G launch and strategic spectrum acquisition drove 9% revenue growth and 15% net income increase, with strong momentum in Digital Business Services and Techfin segments. Robust liquidity and disciplined cost management support ongoing investments and market leadership.
Fiscal Year 2025
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Revenue grew 11% year-over-year with EBITDA margin at 43.1% and net income up 23%. Strategic investments in 5G, cloud, and renewables, plus strong TechFin and data center growth, support a positive 2026 outlook with continued focus on profitability and digital expansion.
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Revenue grew 11% to TRY 60B, with EBITDA up 11% and net income up 31.8%. 5G spectrum win, strong ARPU, and digital services drove results. Guidance for 2025 was raised, with Capex and leverage expected to remain disciplined.
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Delivered double-digit revenue and EBITDA growth, driven by ARPU gains and postpaid expansion. Maintained strong margins and liquidity, with robust performance in digital and TechFin segments. Guidance remains prudent amid competitive pressures and inflation uncertainty.
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Revenue grew 12.7% year-over-year to TRY 48 billion, with EBITDA up 19% and a record 43.7% margin. Strong postpaid and fiber additions, robust tech and data center growth, and disciplined FX and CapEx management support a positive outlook, with 5G rollout and inflation risks monitored.
Fiscal Year 2024
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Revenue grew 7.8% to TRY 166.7B in 2024, with EBITDA margin near 42% and net income up 30%. Strong postpaid and fiber growth, robust Techfin and data center performance, and a $1B Eurobond issuance supported results. 2025 guidance targets 7%-9% revenue growth and 41%-42% EBITDA margin.
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Revenue grew 7% year-on-year to TRY 40.2 billion, with EBITDA up 10% and net income at TRY 14.3 billion, supported by strong ARPU, subscriber growth, and Techfin performance. Guidance for 2024 revenue growth was revised to 7% due to higher inflation, while CapEx will focus on 5G, data centers, and renewables.
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Q2 2024 saw stable revenues at TRY 35B and EBITDA of TRY 15B (42.6% margin), with strong postpaid growth and ARPU gains despite inflation and macro headwinds. Price hikes and cost discipline are expected to support H2 results, while 5G and Ukraine asset sale proceeds shape future strategy.