Q2 2025 Turkcell Iletisim Hizmetleri AS Earnings Call Transcript
Key Points
- Turkcell Iletisim Hizmetleri AS (IST:TCELL) reported a strong top line growth of 12% year on year, reaching TRY 53 billion, driven by strong ARPU performance and expansion of the mobile subscriber base.
- Group EBITDA increased by 15% year on year to TRY 23 billion, with a solid margin of 43.5%, supported by strong operational leverage.
- The company achieved 816,000 postpaid net additions, marking the highest net addition in over five years.
- Data centre and cloud services posted strong growth of 53%, reflecting successful monetization of capacity investments.
- Techfin business maintained momentum with Paycell recording a 36% year on year revenue growth, driven by strong performance in mobile payments.
- The mobile churn rate increased to 2.2% due to higher volume in the mobile number portability market resulting from intensified competition.
- Fixed broadband subscriber base remained stable at TRY 3.3 million, impacted by competitive offers from smaller ASPs and expiring 12-month contracts.
- Turkcell's share in the Türkiye project resulted in a TRY 1.2 billion loss, impacting the company's net income.
- The company expects a higher cost base in the second half of the year, which is already factored into their full year guidance.
- Turkcell's net leverage ratio rose slightly to 0.3 times, with a scheduled repayment of approximately USD 1 billion in debt by year end.
Ladies and gentlemen, thank you for standing by. I am [Yos], your chorus call operator. Welcome, and thank you for joining the Turkcell's conference call and live webcast to present and discuss the Turkcell. (Operator Instructions) At this time, I would like to turn the conference over to Mrs. Oslem Yardim, Investor Relations and Corporate Finance Director. Mrs. Yardim, you may now proceed. Thank you, sir.
Thank you [yos]. Hello, everyone, and welcome to Turkcell's 2025 Second Quarter Earnings Call. On the call today, we have our CEO, Ali Taha Koc; and CFO, Kamil Kalyon. They will provide an overview of our operational and financial results for the quarter followed by a Q&A session.
Before we begin, I would like to kind remind you to review our Safe Harbor statement, which is available at the end of our presentation. With that, I will now turn the call over to Mr. Taha.
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