Turkcell reports Q1 net income TRY 3.08B vs. TRY 3.64B last year

Reports Q1 revenue TRY 47.96B vs. TRY 42.57B last year. Reports 153,000 quarterly mobile postpaid net additions, postpaid subscriber base share at 76%, and 30,000 fiber net additions. Reports mobile ARPU growth of 15.9%, residential fiber ARPU growth of 17.7%. Turkcell (TKC) said, “Despite ongoing macroeconomic volatility and intense competition in the sector, we continued to deliver strong financial results, driven by robust ARPU growth from our inflationary pricing strategy and strong growth momentum in our Techfin business. This strong performance reflects the resilience of our diversified business model and our ability to execute our strategy, and further strengthens our ambitions for growth and long-term value creation.”