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MARKETS / NYSE / TKC
NYSE · TELEPHONE COMMUNICATIONS (NO RADIOTELEPHONE) · LARGE CAP

Turkcell Iletisim Hizmetleri A S TKC

9 fiscal years on record · TRY · FY2023 reported · SEC filings only
TRY 107.1B
▲ 14.6% YoY
TRY 12.6B
▲ 82.5% YoY
TRY 27.5B
▲ 2.2% YoY
In brief

What this company does

Turkcell provides mobile and fixed voice, data, TV and digital services to subscribers throughout Türkiye over its network. As of December 31, 2025 the group had 46.2 million subscribers across Türkiye, Belarus and the Turkish Republic of Northern Cyprus, of which 43.9 million were in Türkiye, made up of 39.1 million mobile, 3.3 million fixed and 1.4 million IPTV subscribers. It owns a fiber network of 67.1 thousand km capable of offering up to 10 Gbps. Its sales activities are supported by a retail telecommunications dealer network in Türkiye consisting of 877 branded exclusive stores and 3,617 semi-branded dealers as of December 31, 2025. The group's segments are Turkcell Türkiye, Techfin and Other. Techfin services are provided through the digital payment services platform Paycell, the finance company Financell, the insurance company Turkcell Dijital Sigorta and the insurance agency Turkcell Sigorta. It manages 32 data centers, four of them classified as new-generation data centers that are also available for third-party sales. Turkcell started its operations in 1994.

Written from the business description in TURKCELL ILETISIM HIZMETLERI A S's annual report to the U.S. Securities and Exchange Commission, filed 17 April 2026. Every sentence was checked against that document before publication.

Growth
TRY 107.1B
Revenue, FY2023 · full 9-year series below
Revenue TRY B Net income TRY B
FY2023 · Revenue 107.1 · Net income 12.6
40B80B201520162017201820192020202120222023
Compound annual growth
+15.5%
+38.1%
+40.7%
+44.1%
+39.9%
−60.7%
−52.0%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +38.1% a year over five years — but profit grew faster: net income at +44.1%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
12 cents
of every revenue dollar became profit
Operating margin Net margin
FY2023 · Operating 7.3% · Net 11.7%
10%20%201520162017201820192020202120222023
ROE
FY2023 · ROE 10.8%
10%20%201520162017201820192020202120222023

Each TRY of equity produced 11 cents of profit this year.

Cash & shareholders
TRY 50.8M
returned in FY2023 · dividends + net buybacks
Free cash flow TRY B
FY2023 · FCF 27.5
20B40B201520162017201820192020202120222023
Net buybacks TRY B Dividends TRY B
FY2023 · Dividends — · Net buybacks 0.1
2B4B201520162017201820192020202120222023

TRY 50.8M in buybacks — 0% of the year's profit went back to shareholders.

Total assetsTRY 247.1B
EquityTRY 122.2B
CashTRY 50.0B
Gross debtTRY 84.1B
Net debtTRY 34.1B
Current ratio1.78×

Net debt stands at 28% of equity.

The 9-year record
9 fiscal years
Every figure from documents filed with the SEC · TRY
row low → row highnegative
Metric 202320222021202020192018201720162015
Revenue TRY B107.193.5108.669.525.121.317.614.312.8
Operating income TRY B7.83.012.19.05.04.42.92.22.2
EBITDA TRY B39.135.543.327.810.18.65.54.40.6
Income tax TRY B−4.7−2.80.90.90.80.50.60.40.7
Net income TRY B12.66.97.14.53.22.02.01.52.1
Free cash flow TRY B27.526.943.612.55.82.90.2−2.0−0.2
EPS, diluted TRY 5.753.153.272.101.49····
Dividend / sh TRY ·········
Payout %·3577183194151·190
ROE %10.87.916.623.219.113.112.89.3·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance
Company facts, as filed
How we verify · 0 failures in 40 reconciliationsAUDITED

Reconciled in 10 of 19 fiscal years. 55 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityTelephone Communications (No Radiotelephone)
Listed onNYSE
Incorporated inoutside the United States — SEC code W8
Fiscal year endsDecember 31
Data on record since2014

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