Core Insights - Turkcell Iletisim Hizmetleri A.S. reported strong financial results for the full year 2025, with revenues increasing by 10.7% year-on-year to TRY 241.5 billion, driven by solid operational performance and a diversified revenue base [1][2][3] - The company achieved an EBITDA margin of 43.1%, up 1.2 percentage points from the previous year, reflecting disciplined cost management amid inflationary pressures [1][2] - Turkcell's strategic partnership with Google Cloud aims to establish Türkiye's first hyperscale cloud region, with a total planned investment of USD 3 billion, enhancing its position in the data center and cloud market [1][2] Financial Performance - Revenue for the full year 2025 reached TRY 241.5 billion, compared to TRY 218.2 billion in 2024, marking a 10.7% increase [1][3] - EBITDA rose by 13.8% to TRY 104.0 billion, with an EBITDA margin of 43.1% [1][3] - Profit from continuing operations increased by 22.6% to TRY 17.8 billion, while net income decreased by 42.8% to TRY 17.6 billion due to a high base from 2024 [1][3] Operational Highlights - Turkcell Türkiye accounted for over 91% of group revenues, with a 10.3% growth to TRY 220.3 billion [1][3] - The company secured the largest spectrum of 160 MHz in the 5G tender for USD 1.2 billion, reinforcing its leadership in the mobile market [1][2] - The total number of mobile subscribers reached 39.1 million, with a significant increase in postpaid subscribers, totaling 2.4 million net additions, the highest in 26 years [1][2] Strategic Initiatives - The partnership with Google Cloud is expected to support Türkiye's ambition to become a regional technology hub, with the first modules of the cloud region expected to be operational by 2028-2029 [1][2] - Turkcell's Techfin segment grew by 21.1%, driven by Paycell, which saw a 41.0% increase in revenues [1][2] - The company plans to maintain an ambitious investment pace in 2026, targeting revenue growth of 5%-7% and data center and cloud revenue growth of 18%-20% [1][2]

Core Insights - Turkcell Iletisim Hizmetleri A.S. reported strong financial results for Q3 2025, with consolidated revenues increasing by 11.2% year-on-year to TRY 59.5 billion, driven by robust growth in the Techfin segment and ARPU growth in Turkcell Türkiye [10][24][13] - The company revised its 2025 guidance upwards, projecting revenue growth of around 10% and an EBITDA margin between 42% and 43% [10][19] - Turkcell secured 160 MHz of spectrum in the 5G tender, enhancing its position in next-generation connectivity technologies [10][11] Financial Performance - Revenue for Q3 2025 was TRY 59,535 million, up from TRY 53,546 million in Q3 2024, marking an 11.2% increase [7][24] - EBITDA rose to TRY 26,165 million, a 10.5% increase year-on-year, with an EBITDA margin of 43.9% [7][30] - Net income decreased to TRY 5,398 million, down 71.6% from the previous year, primarily due to a one-off gain from the sale of operations in Ukraine in Q3 2024 [7][34] Operational Highlights - The mobile subscriber base exceeded 39 million, with 569 thousand net postpaid additions in Q3 2025, increasing the postpaid share to 79% [10][14] - Mobile ARPU (excluding M2M) grew by 11.9% year-on-year, driven by price adjustments and upselling strategies [10][14] - The fixed broadband segment saw 55 thousand net fiber subscriber additions, with residential fiber ARPU increasing by 17.3% [10][15] Segment Performance - The Techfin segment, accounting for 6% of consolidated revenues, grew by 20.0% year-on-year, with Paycell achieving a 41.7% revenue increase [10][27] - Data Center & Cloud services recorded a notable 50.6% year-on-year growth, contributing significantly to corporate revenues [10][25] - The Other segment, which includes international and energy businesses, generated revenues of TRY 1,671 million [10][28] Capital Expenditures and Debt - Total cash increased to TRY 122,347 million, primarily due to a USD 1 billion bond issuance [36] - Consolidated debt rose to TRY 181,281 million, with a net debt to EBITDA ratio of 0.20x [37] - Operational capital expenditures accounted for 17.4% of total revenues in Q3 2025 [39] Strategic Outlook - The company aims to leverage its 5G capabilities to enhance service offerings and maintain market leadership [10][12] - Turkcell's commitment to sustainability is reflected in its solar power investments, which reached a total capacity of 37.5 MW [18] - The focus on digital transformation and customer experience is expected to drive future growth [20]