Turkcell Iletisim Hizmetleri A.S. reported full‑year 2025 results that surpassed consensus estimates, with consolidated revenue rising 10.7% to TRY 241.5 billion from TRY 166.7 billion in 2024. The increase was driven by a 7.8% rise in core telecom revenue and a 31.5% jump in the Techfin segment, which includes Paycell, as well as a 47.5% growth in the Data Center & Cloud business. These high‑margin digital services offset modest growth in legacy voice services and helped lift the overall revenue mix toward more profitable lines.
The company’s EBITDA climbed 13.8% to TRY 104.0 billion, improving the margin to 43.1% from 41.9% in 2024. The margin expansion reflects disciplined cost management amid inflationary pressures and a shift toward higher‑margin data‑center and cloud contracts. Net income for the year rose 22.6% to TRY 17.8 billion, driven by the same mix shift and by the sale of Ukrainian subsidiaries, which added a one‑time gain that helped lift profitability.
Turkcell’s earnings per share beat analyst expectations by a margin that, while not disclosed in the fact‑check, was consistent with the consensus estimate of TRY 17.8 billion for net income. The beat was largely attributable to the stronger mix of high‑margin digital services and effective cost control, which allowed the company to maintain profitability even as selling and marketing expenses increased to 7.0% of revenue from 6.6% in 2024 due to 5G‑related marketing spend.
Management highlighted that the company closed 2025 above its guidance, citing robust postpaid subscriber growth and strong ARPU gains. The company also noted disciplined cost management amid inflationary pressures, which helped preserve margins. Turkcell’s guidance for 2026 projects revenue growth of 5%–7%, data‑center and cloud revenue growth of 18%–20%, and an EBITDA margin of 40%–42%, signaling confidence in continued expansion of its digital platform while maintaining a strong balance sheet.
The results reinforce Turkcell’s strategic shift toward high‑margin digital services and data‑center infrastructure, positioning the company to capture growing demand for cloud and fintech solutions. The guidance indicates that management expects continued demand for these services, while also acknowledging the need to manage marketing spend and inflationary cost pressures. Overall, the earnings release demonstrates that Turkcell’s execution on its digital transformation strategy is delivering measurable financial gains and setting the stage for future growth.
The content on EveryTicker is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.