$TKC

TURKCELL ILETISIM HIZMETLERI A S

CIK:0001071321|SEC Filings

CONSOLIDATED STATEMENT OF PROFIT OR LOSS - TRY (₺) ₺ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
CONSOLIDATED STATEMENT OF PROFIT OR LOSS
Revenue	₺ 229,014,273	₺ 207,927,708	₺ 194,579,822
Revenue from financial services	12,456,548	10,232,322	7,849,131
Total revenue	241,470,821	218,160,030	202,428,953
Cost of revenue	(164,716,655)	(157,639,115)	(155,418,240)
Cost of revenue from financial services	(8,407,783)	(6,686,535)	(4,115,583)
Total cost of revenue	(173,124,438)	(164,325,650)	(159,533,823)
Gross profit	64,297,618	50,288,593	39,161,582
Gross profit from financial services	4,048,765	3,545,787	3,733,548
Total gross profit	68,346,383	53,834,380	42,895,130
Other income	452,244	329,088	1,668,287
Selling and marketing expenses	(16,880,722)	(14,330,980)	(10,738,540)
Administrative expenses	(9,948,315)	(9,057,569)	(6,481,128)
Net impairment losses on financial and contract assets	(1,428,706)	(1,336,712)	(1,905,236)
Other expenses	(2,227,278)	(3,374,279)	(10,674,263)
Operating profit	38,313,606	26,063,928	14,764,250
Finance income	16,841,450	13,584,573	23,931,920
Finance costs	(22,064,023)	(22,285,584)	(37,666,918)
Monetary gain (loss)	1,598,366	7,657,905	7,213,152
Net finance costs	(3,624,207)	(1,043,106)	(6,521,846)
Share of (loss)/ profit of equity accounted investees	(3,499,147)	(4,139,657)	2,882,287
Profit before income tax	31,190,252	20,881,165	11,124,691
Income tax (expense)/ benefit	(13,398,842)	(6,369,264)	8,836,533
Profit from continuing operations	17,791,410	14,511,901	19,961,224
Profit from discontinued operations	(187,403)	16,267,250	3,722,307
Profit for the year	17,604,007	30,779,151	23,683,531
Profit for the year is attributable to:
Owners of the Company	17,604,007	30,790,359	23,724,634
Non-controlling interests		(11,208)	(41,103)
Profit for the year	₺ 17,604,007	₺ 30,779,151	₺ 23,683,531
Basic earnings per share for profit attributable to owners of the Company (in full TL)	₺ 8.08	₺ 14.12	₺ 10.87
Diluted earnings per share for profit attributable to owners of the Company (in full TL)	8.08	14.12	10.87
Basic earnings per share for profit from continuing operations attributable to owners of the Company (in full TL)	8.17	6.66	9.17
Diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL)	8.17	6.66	9.17
Basic earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL)	(0.09)	7.46	1.71
Diluted earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL)	₺ (0.09)	₺ 7.46	₺ 1.71

CONSOLIDATED STATEMENT OF CASH FLOWS - TRY (₺) ₺ in Thousands	12 Months Ended
	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Profit for the year from
Profit for the year	₺ 17,791,410	₺ 14,511,901	₺ 19,961,224
Discontinued operations	(187,403)	16,267,250	3,722,307
Profit for the year	17,604,007	30,779,151	23,683,531
Adjustments for:
Depreciation of property, plant and equipment and investment properties	24,472,902	25,100,733	22,623,756
Amortization of intangible assets and right of use assets	38,876,519	36,976,479	40,622,701
Impairment on property, plant and equipment and intangible asset	578,914	179,148	(2,686)
Net finance expense	3,517,629	6,823,574	5,112,607
Fair value adjustments to derivatives	729,348	4,001,842	(2,483,194)
Income tax expense	13,398,842	6,788,718	(8,284,761)
Gain on sale of property, plant and equipment	57,738	45,625	30,197
Effects of exchange rate changes and inflation adjustments	16,026,073	(2,563,603)	19,787,328
Provisions	8,987,221	9,656,990	8,880,923
Share of (profit)/loss of equity accounted investees	3,499,147	4,139,657	(2,882,287)
Fair value adjustments to financial assets through profit or loss	(202,147)	(2,233,632)	(8,702,488)
Gain on sale of subsidiary		(11,546,264)
Non-cash other adjustments	551,040	276,375	7,015
Change in operating assets/liabilities	128,097,233	108,424,793	98,392,642
Change in trade receivables	(2,721,046)	(1,447,093)	(263,605)
Change in due from related parties	(44,732)	2,035	(74,342)
Change in receivables from financial services	433,903	2,155,859	(1,081,201)
Change in inventories	(14,939)	190,403	(186,261)
Change in other current assets	(1,325,977)	(761,008)	(2,349,691)
Change in other non-current assets	(685,189)	(93,800)	1,485,341
Change in due to related parties	258,604	134,856	(732,528)
Change in trade and other payables	4,034,712	(303,096)	1,768,757
Change in other non-current liabilities	33,010	(179,413)	79,977
Change in employee benefit obligations	(409,802)	(534,804)	(1,065,894)
Change in contract asset	442,914	(809,392)	(115,950)
Change in deferred revenue	502,783	305,440	245,647
Change in contract liability	(264,177)	(96,389)	597,708
Changes in other working capital	(5,627,690)	(3,375,399)	(2,888,760)
Cash generated from operations	122,709,607	103,612,992	93,811,840
Interest paid	(17,064,006)	(17,998,161)	(13,901,682)
Income tax paid	(9,026,028)	(2,816,087)	(1,064,584)
Net cash inflow from operating activities	96,619,573	82,798,744	78,845,574
Cash flows from investing activities:
Acquisition of property, plant and equipment	(43,967,866)	(40,182,441)	(26,866,847)
Acquisition of intangible assets	(27,808,416)	(26,480,747)	(28,889,597)
Proceeds from sale of property, plant and equipment	815,642	2,497,555	639,486
Payments for advances given for acquisition of property, plant and equipment	(117,743)	40,372
Contribution of increase of share capital in joint ventures/associates		(89)	(1,026,837)
Cash inflows from sale of shares or borrowing instruments of other enterprises or funds	81,869,801	50,654,128	28,928,016
Cash outflows from purchase of shares or borrowing instruments of other enterprises or funds	(108,053,208)	(78,769,158)	(30,454,901)
Cash inflows from financial assets at fair value through profit or loss	4,313,672	20,041,106	26,538,687
Cash outflows from financial assets at fair value through profit or loss		(8,785,951)	(19,384,800)
Change in other cash advances given	1,955,206	(920,190)
Proceeds from disposal of subsidiary, net of cash disposed	528,041	17,957,566
Interest received	15,526,268	15,386,614	11,008,888
Net cash outflow from investing activities	(74,938,603)	(48,561,235)	(39,507,905)
Cash flows from financing activities:
Proceeds from derivative instruments	9,747,641	7,091,034	14,645,370
Repayments of derivative instruments	(9,136,039)	(7,580,966)	(8,989,303)
Proceeds from issues of loans and borrowings	90,940,793	67,319,829	118,471,632
Proceeds from issues of bonds	51,166,565	19,464,996	14,786,333
Repayments of borrowings	(92,008,008)	(61,555,760)	(103,544,001)
Transactions with non controlling interests		(49,739)
Repayments of bonds	(33,961,746)	(20,001,004)	(9,995,476)
Dividends paid to shareholders	(8,985,749)	(9,574,277)	(4,696,131)
Acquisition of treasury shares	(257,576)	(429,322)	(95,917)
Payments of lease liabilities	(9,036,861)	(7,491,591)	(7,789,768)
Net cash (outflow)/inflow from financing activities	(1,530,980)	(12,806,800)	12,792,739
Net increase in cash and cash equivalents	20,149,990	21,430,709	52,130,408
Cash and cash equivalents at 1 January	89,862,901	101,718,644	80,774,531
Effects of exchange rate changes on cash and cash equivalents and inflation adjustment	(18,245,119)	(33,286,452)	(31,186,295)
Cash and cash equivalents at 31 December	₺ 91,767,772	₺ 89,862,901	₺ 101,718,644

CONSOLIDATED STATEMENT OF FINANCIAL POSITION - TRY (₺) ₺ in Thousands	Dec. 31, 2025	Dec. 31, 2024
Assets
Property, plant and equipment	₺ 157,349,726	₺ 136,947,073
Right-of-use assets	22,960,789	13,316,818
Intangible assets	104,979,905	107,164,641
Investment properties	222,623	245,206
Trade receivables	257,003	429,371
Receivables from financial services	283,932	480,570
Contract assets	258,174	215,978
Financial assets at fair value through other comprehensive income	29,152,733	15,513,584
Financial assets at fair value through profit or loss	8,620,841	7,803,449
Deferred tax assets	8,080,833	3,321,888
Investments in equity accounted investees	3,567,677	6,929,473
Other non-current assets	8,209,949	9,447,383
Total non-current assets	343,944,185	301,815,434
Inventories	897,953	883,014
Trade receivables	23,545,458	21,549,127
Due from related parties	367,539	322,688
Receivables from financial services	8,814,916	9,348,782
Due from receivables from financial services	14,661
Contract assets	6,321,129	6,806,987
Derivative financial instruments	1,779,279	2,674,277
Financial assets at amortized cost	2,148,886	1,395,180
Financial assets at fair value through other comprehensive income	9,524,555	2,933,859
Financial assets at fair value through profit or loss	2,485,526	4,677,683
Cash and cash equivalents	91,828,282	90,229,753
Other current assets	8,900,463	7,993,588
Total current assets	156,628,647	148,814,938
Total assets	500,572,832	450,630,372
Equity
Share capital	61,106,064	61,106,064
Share premium	54,892	54,892
Treasury shares	(1,907,263)	(1,738,450)
Reserves	8,515,633	2,892,888
Remeasurements of defined benefit plan	(3,219,875)	(4,042,613)
Retained earnings	194,783,618	186,452,065
Total equity attributable to equity holders of Turkcell Iletisim Hizmetleri AS ("the Company")	259,333,069	244,724,846
Total equity	259,333,069	244,724,846
Liabilities
Borrowings	122,732,860	68,633,607
Trade and other payables	424,506	220,971
Due to related parties	94,405	331
Employee benefit obligations	2,890,693	3,968,757
Provisions	2,822,076	2,511,529
Deferred tax liabilities	15,806,844	6,871,513
Contract liabilities	2,524,641	2,817,919
Other non-current liabilities	1,953,334	1,986,165
Total non-current liabilities	149,249,359	87,010,792
Borrowings	35,916,266	67,939,788
Current tax liabilities	1,108,722	1,466,919
Trade and other payables	42,996,243	38,838,913
Due to related parties	1,426,111	1,256,430
Deferred revenue	1,133,040	664,358
Provisions	5,855,440	6,086,962
Contract liabilities	2,021,937	1,992,836
Derivative financial instruments	1,532,645	648,528
Total current liabilities	91,990,404	118,894,734
Total liabilities	241,239,763	205,905,526
Total equity and liabilities	₺ 500,572,832	₺ 450,630,372