Turkcell Iletisim Hizmetleri AS (TKC) Financial statements

Turkcell Iletisim Hizmetleri AS reported revenue of 241.5B TRY in fiscal 2025, up 36.9% a year over 9 years.

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Key figures

Net income was 17.6B TRY and the operating margin 15.9%, against 15.3% in 2016. Free cash flow was 24.8B TRY, and the company returned 9.0B TRY in dividends and 258M TRY in net buybacks.

Revenue, FY2025: 241.5B TRY+10.7% on 2024
Net income: 17.6B TRY-42.8% on 2024
Operating margin: 15.9%
Free cash flow: 24.8B TRY+54.0% on 2024

Financial statements

Fiscal 2016–2025, in TRY.

Turkcell Iletisim Hizmetleri AS income statement, fiscal 2016–2025

Turkcell Iletisim Hizmetleri AS (TKC) income statement by fiscal year, TRY
TRY	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	14.3B TRY	17.6B TRY	21.3B TRY	25.1B TRY	69.5B TRY	108.6B TRY	135.0B TRY	202.4B TRY	218.2B TRY	241.5B TRY
Cost of revenue	9.2B TRY	11.4B TRY	14.1B TRY	17.1B TRY	53.1B TRY	86.1B TRY	117.9B TRY	159.5B TRY	164.3B TRY	173.1B TRY
Gross profit	5.0B TRY	6.3B TRY	7.1B TRY	8.1B TRY	16.4B TRY	22.5B TRY	17.0B TRY	42.9B TRY	53.8B TRY	68.3B TRY
Research and development	—	—	—	—	175M TRY	90M TRY	129M TRY	133M TRY	—	—
Selling, general and admin	722M TRY	645M TRY	673M TRY	780M TRY	1.8B TRY	2.7B TRY	3.7B TRY	6.5B TRY	9.1B TRY	9.9B TRY
Operating income	2.2B TRY	2.9B TRY	4.4B TRY	5.0B TRY	9.0B TRY	12.1B TRY	4.3B TRY	14.8B TRY	26.1B TRY	38.3B TRY
Interest expense	1.1B TRY	920M TRY	3.4B TRY	2.0B TRY	8.3B TRY	21.3B TRY	17.3B TRY	37.7B TRY	22.3B TRY	22.1B TRY
Pre-tax income	2.0B TRY	2.6B TRY	2.7B TRY	3.3B TRY	5.4B TRY	7.3B TRY	4.7B TRY	11.1B TRY	20.9B TRY	31.2B TRY
Income tax	423M TRY	572M TRY	495M TRY	786M TRY	920M TRY	900M TRY	-4.0B TRY	-8.8B TRY	6.4B TRY	13.4B TRY
Net income	1.5B TRY	2.0B TRY	2.0B TRY	3.2B TRY	4.5B TRY	7.1B TRY	9.9B TRY	23.7B TRY	30.8B TRY	17.6B TRY
EPS (diluted)	—	—	—	1.49 TRY	2.10 TRY	3.27 TRY	4.55 TRY	10.87 TRY	14.12 TRY	8.08 TRY
Diluted shares	2.19B	2.19B	2.18B	2.18B	2.18B	2.18B	2.18B	2.18B	—	—
Gross margin	35.3%	35.6%	33.6%	32.0%	23.6%	20.7%	12.6%	21.2%	24.7%	28.3%
Operating margin	15.3%	16.6%	20.5%	20.0%	12.9%	11.1%	3.2%	7.3%	11.9%	15.9%
Net margin	10.4%	11.2%	9.5%	12.9%	6.5%	6.6%	7.4%	11.7%	14.1%	7.3%

Turkcell Iletisim Hizmetleri AS balance sheet, fiscal 2016–2025

Turkcell Iletisim Hizmetleri AS (TKC) balance sheet by fiscal year, TRY
TRY	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and short-term investments	6.1B TRY	4.7B TRY	7.4B TRY	10.2B TRY	11.9B TRY	30.6B TRY	42.8B TRY	72.2B TRY	90.2B TRY	91.8B TRY
Receivables	3.3B TRY	2.8B TRY	2.5B TRY	3.1B TRY	3.5B TRY	6.8B TRY	11.0B TRY	15.8B TRY	21.5B TRY	23.5B TRY
Inventory	132M TRY	104M TRY	180M TRY	178M TRY	204M TRY	459M TRY	495M TRY	780M TRY	883M TRY	898M TRY
Total current assets	13.4B TRY	14.1B TRY	18.3B TRY	19.3B TRY	20.6B TRY	48.6B TRY	77.3B TRY	148.1B TRY	148.8B TRY	156.6B TRY
Property, plant and equipment	8.2B TRY	9.7B TRY	11.1B TRY	12.5B TRY	43.2B TRY	76.3B TRY	103.2B TRY	126.0B TRY	136.9B TRY	157.3B TRY
Goodwill	—	—	—	—	40M TRY	259M TRY	—	—	—	—
Total assets	31.6B TRY	34.0B TRY	42.8B TRY	45.7B TRY	51.5B TRY	151.3B TRY	235.0B TRY	356.7B TRY	450.6B TRY	500.6B TRY
Total current liabilities	7.4B TRY	9.2B TRY	11.7B TRY	12.7B TRY	11.6B TRY	28.3B TRY	48.5B TRY	83.3B TRY	118.9B TRY	92.0B TRY
Long-term debt	6.9B TRY	8.3B TRY	13.1B TRY	12.7B TRY	16.4B TRY	45.9B TRY	61.2B TRY	83.7B TRY	68.6B TRY	122.7B TRY
Total liabilities	15.5B TRY	18.9B TRY	26.7B TRY	27.6B TRY	30.7B TRY	85.9B TRY	125.6B TRY	180.3B TRY	205.9B TRY	241.2B TRY
Shareholders' equity	16.0B TRY	15.0B TRY	15.9B TRY	18.0B TRY	20.8B TRY	65.4B TRY	109.4B TRY	176.5B TRY	244.7B TRY	259.3B TRY
Net debt	3.7B TRY	7.8B TRY	12.7B TRY	10.1B TRY	9.7B TRY	29.8B TRY	46.0B TRY	49.2B TRY	46.3B TRY	66.8B TRY

Turkcell Iletisim Hizmetleri AS cash flow, fiscal 2016–2025

Turkcell Iletisim Hizmetleri AS (TKC) cash flow by fiscal year, TRY
TRY	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Operating cash flow	607M TRY	3.1B TRY	5.8B TRY	9.0B TRY	21.0B TRY	61.6B TRY	61.0B TRY	78.8B TRY	82.8B TRY	96.6B TRY
Capital spending	3.4B TRY	4.1B TRY	5.2B TRY	6.0B TRY	15.7B TRY	31.5B TRY	38.3B TRY	55.8B TRY	66.7B TRY	71.8B TRY
Free cash flow	-2.8B TRY	-1.0B TRY	604M TRY	3.0B TRY	5.3B TRY	30.2B TRY	22.7B TRY	23.1B TRY	16.1B TRY	24.8B TRY
Dividends paid	51M TRY	3.0B TRY	1.9B TRY	1.0B TRY	812M TRY	9.0B TRY	3.5B TRY	4.7B TRY	9.6B TRY	9.0B TRY
Share buybacks (net)	-66M TRY	—	-95M TRY	-10M TRY	-25M TRY	-858,000 TRY	—	-96M TRY	-429M TRY	-258M TRY
Net borrowing	4.4B TRY	1.8B TRY	354M TRY	-2.2B TRY	-8.1B TRY	1.8B TRY	12.3B TRY	14.9B TRY	5.8B TRY	-1.1B TRY
Free cash flow margin	-19.7%	-5.7%	2.8%	12.0%	7.6%	27.8%	16.8%	11.4%	7.4%	10.3%
Dividends per share	0.02 TRY	1.36 TRY	0.87 TRY	0.46 TRY	0.37 TRY	4.11 TRY	1.58 TRY	2.15 TRY	—	—

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How Turkcell Iletisim Hizmetleri AS compares

Turkcell Iletisim Hizmetleri AS's operating margin is higher than 70% of Communication Services companies and 70% of the 2,820 companies with an operating margin figure.

Turkcell Iletisim Hizmetleri AS (TKC) percentile ranks: share of companies with a lower figure
Higher than	Communication Services	All stocks
Operating margin	70%	70%
Net margin	60%	52%
Gross margin	17%	30%
Revenue growth	63%	56%
ROE	46%	45%
P/E	27%	22%

Questions about Turkcell Iletisim Hizmetleri AS

What was Turkcell Iletisim Hizmetleri AS's revenue in 2025?

241.5B TRY in fiscal 2025, from its 10-K filing.

How much free cash flow does Turkcell Iletisim Hizmetleri AS generate?

24.8B TRY in fiscal 2025 (operating cash flow minus capital spending).

Peers' financials

PLDT (PHI)$4.0B Lumen Technologies (LUMN)$4.1B Telecom Argentina (TEO)$4.2B Telephone & Data Systems Inc /DE/ (TDS)$3.6B Iridium Communications (IRDM)$4.7B Liberty Global (LBTYA)$3.3B

More on TKC in Investingly

Quarterly and TTM statements→ Revenue by segment and region→ Charts of every line→ Valuation ratios and history→ DCF and modeling→ Peers side by side→

From Turkcell Iletisim Hizmetleri AS's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.