Turkcell Iletisim Hizmetleri As Stock Earnings Reports

Turkcell reported strong Q3 2025 results with 11% revenue growth to TRY 60 billion and Group EBITDA up 11% to TRY 26 billion (43.9% margin). Net income from continuing operations rose 31.8% to TRY 5.4 billion. Operational highlights included 569k net postpaid additions (mobile base >39m), +12% mobile ARPU, +17.3% residential fiber ARPU, fiber footprint expanded to 6.2m homes and >2.5m Turkcell fiber subscribers. Strategic areas performed strongly: data center & cloud revenues +51% (activated additional 8.4 MW, total 50 MW IT capacity) and Digital Business Services nearly doubled (+97%). Techfin (6% of revenues) grew 20%, led by Paycell (+42%). Management secured 160 MHz in the 5G spectrum tender (maximum per operator) and plans a commercial 5G launch in April 2026, touting >1,000 Mbps speeds and broad enterprise/consumer opportunity (including fixed wireless access 'Superbox 5G'). Guidance was upgraded: full-year revenue growth to around 10%, EBITDA margin to 42–43%, OpEx/CapEx target to ~23% of sales, and data center/cloud revenue growth to ~43%. CapEx intensity this quarter was 17.4%, with ~80% directed to mobile and fixed broadband; base station fiberization >45%. Financial position: cash of TRY 122 billion, net leverage ~0.2x (expected to rise but remain <1x through 5G payment schedule), comfortable liquidity to cover 5G installments and near‑term debt (~USD 1bn repayments planned by year‑end). Management reiterated focus on value-driven pricing, AI-driven upselling, device financing to accelerate 5G adoption, and active FX risk management ahead of 5G payments.