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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 | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 262.04B | 166.67B | 107.12B | 134.98B | 108.60B |
| Gross Profit | 74.17B | 41.16B | 22.70B | 17.05B | 22.46B |
| EBITDA | 111.06B | 60.83B | 45.19B | 61.67B | 44.00B |
| Net Income | 19.10B | 23.52B | 12.55B | 9.93B | 7.14B |
Balance Sheet | |||||
| Total Assets | 518.33B | 344.28B | 356.74B | 234.99B | 151.30B |
| Cash, Cash Equivalents and Short-Term Investments | 106.82B | 75.82B | 84.96B | 50.66B | 30.69B |
| Total Debt | 158.57B | 104.34B | 121.40B | 88.74B | 60.42B |
| Total Liabilities | 259.13B | 157.31B | 180.25B | 125.61B | 85.93B |
| Stockholders Equity | 259.20B | 186.97B | 176.50B | 109.37B | 65.37B |
Cash Flow | |||||
| Free Cash Flow | 73.90B | 44.31B | 17.64B | 20.22B | 1.75B |
| Operating Cash Flow | 121.62B | 75.01B | 60.24B | 61.04B | 2.37B |
| Investing Cash Flow | -98.17B | -48.86B | -30.18B | -45.79B | -1.16B |
| Financing Cash Flow | -1.66B | -9.78B | 9.77B | 4.89B | -441.64M |
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 |
|---|---|---|---|---|---|---|---|
75 Outperform | $17.27B | 16.17 | 15.56% | 6.14% | -5.21% | -7.45% | |
72 Outperform | $5.39B | 10.60 | 7.24% | 5.57% | 19.02% | 9.26% | |
70 Outperform | $24.93B | 17.32 | 9.03% | 5.03% | -3.16% | 4.70% | |
63 Neutral | $9.53B | 15.86 | 10.16% | 4.13% | 0.63% | -21.51% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
57 Neutral | $10.81B | 27.39 | 3.37% | 5.02% | -8.16% | -52.52% |
Turkcell Iletisim Corporate Events
On March 5, 2026, Turkcell released its full-year 2025 financial results, reporting consolidated revenue of TRY 241.5 billion, up 10.7% year on year from TRY 218.2 billion in 2024, with figures prepared under IFRS and adjusted for hyperinflation as of December 31, 2025. The disclosure underscores Turkcell’s continued growth despite a high-inflation environment, offers restated comparable data under a revised revenue segmentation across Turkcell Türkiye, Techfin, and Other units, and provides stakeholders with updated insight into the group’s financial trajectory and operational performance for 2025.
The most recent analyst rating on (TKC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
On March 5, 2026, Turkcell announced that its board has authorized its wholly owned subsidiary Turkcell Finansman A.Ş. to issue commodity trading-based lease certificates, or sukuk, in the Turkish domestic market with maturities of up to 12 months. The planned issuance, capped at TRY 3 billion and to be placed privately and/or with institutional investors through a local asset leasing company, remains subject to approval by Türkiye’s Capital Markets Board and is poised to broaden Turkcell’s local funding base and diversify its sharia-compliant financing options.
By turning to sukuk via a finance arm rather than a public bond offer, Turkcell signals an effort to optimize short-term liquidity while tapping demand from institutional and Islamic finance investors. The move may strengthen the company’s capital structure and flexibility in funding ongoing operations and growth, potentially reinforcing its position in Türkiye’s corporate debt market if the regulator clears the transactions.
The most recent analyst rating on (TKC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
Turkcell Iletisim Hizmetleri A.S. has redeemed in full a TRY 750 million domestic financing bond with ISIN TRFTCEL22617, originally issued via private placement to qualified investors and carrying a 96-day maturity and 39.25% annual simple interest, on its scheduled maturity date of February 24, 2026. The company paid both the principal and a single coupon totaling TRY 77.4 million, underscoring its ability to meet short-term funding obligations, supported by its AAA (Trk) long-term national investment-grade rating from JCR Avrasya as of May 29, 2025, which helps sustain investor confidence and access to local debt markets.
The most recent analyst rating on (TKC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
On February 17, 2026, Turkcell announced that the Turkish Capital Markets Board approved an amendment to its Articles of Association, following an application submitted on February 11, 2026. The key change formally adds authorization for “IMT-2020” services to the company’s stated purpose, aligning its corporate charter with next-generation mobile technologies and potentially strengthening its regulatory footing and strategic positioning in advanced telecom services for investors and stakeholders.
The amendment preserves Turkcell’s existing powers to enter financing arrangements, form partnerships, issue certain capital markets instruments and manage intellectual property, while updating its scope to cover new spectrum-based services. This legal refinement signals the company’s intent to fully participate in future mobile standards within Türkiye’s capital markets and telecom regulatory framework, without altering its broader operational mandate.
The most recent analyst rating on (TKC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
Turkcell announced in Istanbul on February 4, 2026, that it will publish its audited financial results for the fiscal year ended December 31, 2025, after Borsa Istanbul trading hours on March 5, 2026, signaling the timetable investors should watch for performance updates that could influence their assessment of the company’s operational momentum and capital allocation outlook.
The most recent analyst rating on (TKC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
On January 27, 2026, Turkcell’s board authorized its wholly owned subsidiary Turkcell Ödeme ve Elektronik Para Hizmetleri A.Ş. to issue management agreement-based lease certificates (sukuk) of up to TRY 3 billion, with maturities of up to 12 months, in the Turkish domestic market. The sukuk will be arranged via a Türkiye-based asset leasing company and placed in one or more tranches through private placements and/or sales to qualified investors, without a public offering, subject to approval by the Capital Markets Board, underscoring Turkcell’s continued use of Islamic finance tools to diversify funding and support its expanding electronic payment and financial services activities.
The most recent analyst rating on (TKC) stock is a Hold with a $7.00 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
On December 31, 2025, Turkcell İletişim Hizmetleri A.Ş. announced that it has completed and registered a merger via facilitated procedure with its wholly owned, non-listed subsidiary Artel Bilişim Servisleri A.Ş., formalizing Artel’s acquisition by Turkcell through a merger by way of acquisition. The deal, based on financial statements dated June 30, 2025 and approved by the Turkish Capital Markets Board on November 25, 2025, leaves Turkcell’s paid-in capital unchanged at TRY 2.2 billion with no capital increase, decrease, or issuance of new shares, indicating the transaction is primarily a legal and structural simplification rather than a balance sheet-altering move, and is expected to streamline group operations and governance without diluting existing shareholders.
The most recent analyst rating on (TKC) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
On December 30, 2025, Turkcell’s board of directors announced that it has resolved to pursue regulatory approvals from the Capital Markets Board and the Ministry of Trade to amend the company’s Articles of Association. The proposed changes expand the company’s defined purpose to include services under an authorization certificate for limited use rights regarding IMT‑2020 services, aligning its corporate statutes with newer-generation mobile technologies and existing telecom regulations. The amendments will only take effect if approved by the company’s general assembly, signaling a formal governance step that could strengthen Turkcell’s ability to participate in advanced mobile communications markets while maintaining compliance with Turkish corporate and capital markets law.
The most recent analyst rating on (TKC) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.
On December 8, 2025, Turkcell announced a significant capital increase for its wholly-owned subsidiary, Turktell Bilisim Servisleri A.S. The capital was raised by TRY 15 billion, bringing the total to TRY 37.22 billion, with Turkcell fully exercising its pre-emption rights by paying in cash. This move is likely to strengthen Turktell’s financial position and support its growth initiatives, potentially enhancing Turkcell’s overall market competitiveness.
The most recent analyst rating on (TKC) stock is a Buy with a $6.50 price target. To see the full list of analyst forecasts on Turkcell Iletisim stock, see the TKC Stock Forecast page.