Q4 2025 Turkcell Iletisim Hizmetleri AS Earnings Call Transcript
Key Points
- Turkcell Iletisim Hizmetleri AS (TKC) closed 2025 with a strong financial performance, achieving an 11% increase in revenues and a 43.1% EBITDA margin.
- The company secured the largest spectrum in the 5G auction, enhancing its network leadership and capacity to meet 5G demand.
- Turkcell launched a strategic partnership with Google Cloud to build a hyperscale cloud region in Turkiye, which will accelerate cloud adoption and enhance digital capabilities.
- The company achieved a significant milestone with 905,000 net postpaid additions in the fourth quarter, the strongest result in six years.
- Turkcell's renewable energy initiatives resulted in a substantial increase in solar capacity, generating TRY156 million in OpEx savings in 2025.
- Despite strong performance, Turkcell anticipates a potential contraction in EBITDA margins for 2026, with guidance set at 40% to 42%, down from 43% in 2025.
- The company faces elevated competition in the market, which could impact its pricing strategy and market share.
- Turkcell's FX position includes a short position of approximately USD957 million, which poses a risk if there are fluctuations in the Turkish lira.
- The company expects increased marketing and sales expenses related to the rollout of 5G, which could impact profitability.
- Turkcell's financial performance is sensitive to energy prices and inflationary pressures, which could affect cost management in 2026.
Ladies and gentlemen, thank you for standing by. I'm Paulina, your Chorus Call operator. Welcome, and thank you for joining the Turkcell's conference call and live webcast to present and discuss the Turkcell fourth-quarter and full year 2025 financial results.
(Operator Instructions) The conference is being recorded. (Operator Instructions)
At this time, I would like to turn the conference over to Mrs. Ozlem Yardim, Investor Relations and Corporate Finance Director. Ms. Yardim, you may now proceed.
Thank you, Polina. Hello, everyone, and welcome to Tokas 2025 year-end earnings call. On the call today, we have our CEO, Ali Koc; and CFO, Kamil Kalyon. They will provide an overview of our operational and financial results for the quarter and the year, followed by a Q&A session.
Before we begin, I would like to kindly remind you to review our Safe Harbor statement, which is available at the end of our presentation.
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