Q3 2025 Turkcell Iletisim Hizmetleri AS Earnings Call Transcript
Key Points
- Turkcell Iletisim Hizmetleri AS (TKC) achieved an 11% revenue growth, reaching TRY 60 billion, driven by strong ARPU performance and a growing subscriber base.
- Group EBITDA increased by 11% to TRY 26 billion, achieving a solid 43.9% margin, reflecting continued cost discipline.
- The company added 569,000 net postpaid subscribers, demonstrating effective targeted pricing and upselling strategies.
- Data center and cloud revenues grew by 51%, showcasing strong performance in strategic growth areas.
- Turkcell secured 160 megahertz of spectrum in the 5G spectrum tender, reinforcing its leadership position and preparing for a 5G launch in April 2026.
- Competition in the mobile market remains intense, impacting the company's ability to expand its market share.
- The mobile churn rate was 2.6%, indicating ongoing competition and higher activity in the number portability market.
- Despite strong financial performance, the company faces global geopolitical and macroeconomic headwinds.
- The net leverage ratio increased slightly to 0.2 times, with expectations to rise further due to upcoming 5G payments.
- Monetary losses were recorded in the third quarter, offsetting a portion of the higher-than-expected operating profit.
Ladies and gentlemen, thank you for standing by. I'm Costantino, your Chorus Call operator. Welcome, and thank you for joining the Turkcell's conference call and live webcast to present and discuss the Turkcell's Third Quarter 2025 financial results. (Operator Instructions) The conference is being recorded. (Operator Instructions)
At this time, I would like to turn the conference over to Ms. Ozlem Yardim, Investor Relations and Corporate Finance Director. Ms. Yardim, you may now proceed.
Thank you, Constantin. Hello, everyone, and welcome to Turkcell's 2025 Third Quarter Earnings Call. On the call today, we have our CEO, Ali Koc; and CFO, Kamil Kalyon. They will provide an overview of our financial and operational results for the quarter, followed by a Q&A session. Before we begin, I would like to kindly remind you to review our safe harbor statements, which is available at the end of our presentation.
With that, I will now turn the call over
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