Business Wire·May 11, 2026, 11:59 AM ET

Turkcell Iletisim Hizmetleri: First Quarter 2026 Results

TKC

Turkcell reported Q1 2026 consolidated revenue of TRY 68.4 billion, an 8.9% year-on-year increase driven by corporate revenues, hardware sales, and growth in the Data Center & Cloud business.
Consolidated EBITDA rose 3.2% to TRY 28.3 billion, resulting in an EBITDA margin of 41.4%, while Net Income increased 14.9% to TRY 4.6 billion.
The launch of 5G services across all 81 provinces in Türkiye marked a historic milestone, supported by a USD 1 billion Murabaha syndicated loan secured in March.
Turkcell Türkiye's mobile postpaid subscriber base grew by 661 thousand to reach 32.2 million, bringing the postpaid share to 81% of the total mobile base.
Residential fiber ARPU grew 9.7% year-on-year, with 36 thousand net fiber additions and 138 thousand new homepasses, totaling 6.5 million homepasses.
The Techfin segment saw Paycell revenues increase 15% to TRY 2.1 billion, while Financell revenues declined due to installment limitations but achieved a 39.1% EBITDA margin.
Digital Business Services (DBS) revenues surged 64% year-on-year, fueled by a 21% growth in Data Center & Cloud revenues and higher hardware sales.
Capital expenditures totaled TRY 76.6 billion, heavily impacted by a USD 1.2 billion 5G license payment, though operational capex remained at 21.5% of total revenue.
Net debt increased to TRY 48.8 billion, with a net debt-to-EBITDA ratio of 0.42x, while the Group maintained a net short FX position of USD 1.2 billion.
The Annual General Assembly approved a gross dividend of TRY 4.00 per share, payable in cash on December 9, 2026, totaling TRY 8.8 billion.
Sustainability efforts included the acquisition of a 12.1 MW solar plant in Mersin, bringing total active solar capacity to 74.4 MW, and receiving a "Global A" score from CDP.
Turkcell's fraud prevention model was recognized as a best practice by GSMA at MWC 2026, alongside strategic R&D partnerships for 6G technologies.