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Turkcell Iletisim
(NYSE:TKC)
Turkcell Iletisim (TKC) vs. SPDR S&P 500 ETF (SPY)
Turkcell Iletisim Business Overview & Revenue Model
Turkcell Iletisim Earnings Call Summary
Turkcell Iletisim Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 193.24B | 166.67B | 107.12B | 134.98B | 35.92B | 29.10B |
| Gross Profit | 52.24B | 41.16B | 22.70B | 12.11B | 10.70B | 8.77B |
| EBITDA | 84.61B | 60.83B | 45.19B | 43.86B | 13.03B | 11.66B |
| Net Income | 24.53B | 23.52B | 12.55B | 6.88B | 5.03B | 4.50B |
Balance Sheet | ||||||
| Total Assets | 457.38B | 344.28B | 247.08B | 101.26B | 70.68B | 51.50B |
| Cash, Cash Equivalents and Short-Term Investments | 127.07B | 75.82B | 58.85B | 30.91B | 18.68B | 12.56B |
| Total Debt | 172.86B | 104.34B | 84.08B | 53.85B | 36.78B | 21.59B |
| Total Liabilities | 237.68B | 157.31B | 124.85B | 70.37B | 48.12B | 30.71B |
| Stockholders Equity | 219.71B | 186.97B | 122.25B | 30.89B | 22.56B | 20.78B |
Cash Flow | ||||||
| Free Cash Flow | 44.73B | 44.31B | 17.64B | 11.07B | 29.80B | 5.31B |
| Operating Cash Flow | 94.12B | 75.01B | 60.24B | 25.15B | 19.95B | 13.09B |
| Investing Cash Flow | -42.94B | -48.86B | -30.18B | -19.65B | -9.14B | -6.78B |
| Financing Cash Flow | 20.10B | -9.78B | 9.77B | 3.39B | -3.94B | -4.27B |
Turkcell Iletisim Technical Analysis
Turkcell Iletisim Risk Analysis
Turkcell Iletisim Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $5.00B | 11.43 | 7.38% | 5.38% | 19.25% | 5.69% | |
77 Outperform | $19.81B | 18.50 | 8.36% | 4.86% | -3.16% | 4.70% | |
74 Outperform | $20.99B | 15.51 | 15.54% | 6.28% | -5.21% | -7.45% | |
70 Outperform | $8.07B | 13.77 | 5.22% | 3.26% | -1.56% | -18.33% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
60 Neutral | $7.72B | 19.32 | ― | 4.92% | -8.16% | -51.97% | |
49 Neutral | $24.22B | ― | -0.70% | 7.93% | -5.49% | -75.51% |
Turkcell Iletisim Corporate Events
On November 6, 2025, Turkcell’s Board of Directors announced their decision to issue debt instruments up to TRY 15 billion in the domestic market. These instruments will have maturities of up to two years and will be offered as private placements or to institutional investors, subject to approval by the Capital Markets Board. This strategic move is aimed at strengthening Turkcell’s financial positioning and operational capabilities.
Turkcell announced that its financial results for the third quarter of 2025, covering the period from July 1 to September 30, will be released on November 6, 2025, after the Borsa Istanbul trading hours. This announcement is significant for stakeholders as it provides insights into the company’s financial performance during this period, potentially impacting investor decisions and market positioning.
On October 16, 2025, Turkcell announced that it has been awarded a 160 MHz frequency band for USD 1,224 million in the 5G spectrum allocation tender held by the Information and Communication Technologies Authority (ICTA). This allocation allows Turkcell to maintain its leadership in the Turkish telecommunications market by securing approximately 42% of the total available frequencies, enabling it to offer the highest 5G speeds in the country. The company plans to launch 5G services starting April 1, 2026, and has extended its existing authorizations for 2G, 3G, and 4.5G until December 31, 2042.
On October 15, 2025, Turkcell announced the successful redemption of its 10-year Eurobond, originally issued on October 15, 2015. The bond, which carried a coupon rate of 5.75% and was offered at a 5.95% yield, has reached maturity, and all principal and interest payments have been completed as scheduled. This redemption marks a significant financial milestone for Turkcell, reflecting its robust financial management and commitment to fulfilling its financial obligations, which may positively impact its reputation among investors and stakeholders.
On October 10, 2025, Turkcell Iletisim Hizmetleri A.S. announced a capital increase for its wholly-owned subsidiary, Turktell Bilişim Servisleri A.Ş., by TRY 2 billion, raising the total capital to TRY 22.22 billion. This move, fully funded by Turkcell’s pre-emption rights paid in cash, is aimed at strengthening Turktell’s financial position and enhancing its operational capabilities, potentially impacting its market competitiveness and stakeholder interests.
On September 24, 2025, Turkcell announced its decision to participate in an upcoming tender organized by the Information and Communication Technologies Authority (ICTA) scheduled for October 16, 2025. This tender involves the authorization for establishing and operating mobile electronic communication infrastructures, as well as incorporating existing authorizations that expire in April 2029. This strategic move could potentially enhance Turkcell’s market position and expand its service offerings, impacting its operational capabilities and stakeholder interests.
On September 16, 2025, Turkcell announced its decision to merge with its wholly-owned subsidiary, Artel Bilişim Servisleri A.Ş., through a facilitated procedure. The merger, based on financial statements dated June 30, 2025, will not result in a capital increase or the issuance of new shares. This strategic move aims to streamline operations and enhance Turkcell’s market position, with the merger agreement pending approval from the Capital Markets Board.
On August 13, 2025, Turkcell announced its financial results for the second quarter of 2025, showcasing a year-on-year comparison of key indicators. The report highlights the company’s revenue segmentation revision as of Q1 2025 and presents consolidated financial data prepared in accordance with IFRS. The financial results reflect the impact of inflation adjustments, with all non-monetary items restated to account for the purchasing power of the Turkish Lira as of June 30, 2025. This announcement provides insights into Turkcell’s operational and financial performance, indicating its strategic positioning and adaptation to macroeconomic conditions.
On August 13, 2025, Turkcell announced the redemption and coupon payment of its financing bond with ISIN code TRFTCEL82512, which had a nominal amount of TRY 900,000,000 and a maturity of 96 days. The bond, issued with an annual simple interest rate of 49.75%, was part of a private placement sale to qualified investors. This redemption reflects Turkcell’s strategic financial management and may strengthen its position in the domestic debt securities market, potentially impacting stakeholders positively by demonstrating the company’s capability to meet its financial obligations.
On August 13, 2025, Turkcell Iletisim announced the completion of a financing bond issuance with a nominal amount of TRY 1,500,000,000. The bond, which has a maturity date of November 20, 2025, and an annual simple interest rate of 41.50%, was issued to qualified investors within Türkiye. This strategic financial move, approved by the Capital Markets Board, aims to strengthen Turkcell’s financial position and enhance its operational capabilities. The issuance reflects Turkcell’s commitment to leveraging domestic financial markets to support its growth and maintain its competitive edge in the telecommunications industry.