Turkcell Q2 2025 Earnings Call Highlights: Revenue Up 12%, EBITDA Up 15%, Net Income Up 37%

Turkcell Iletisim Hizmetleri AS reported Q2 2025 earnings with a 12% YoY revenue growth to TRY 53 billion, a 15% YoY increase in Group EBITDA to TRY 23 billion, and a 37% YoY increase in net income to TRY 4.4 billion. The company achieved its highest postpaid net additions in over five years and a 9.8% YoY increase in mobile ARPU. However, the mobile churn rate increased to 2.2% and the fixed broadband subscriber base remained stable.

Turkcell Iletisim Hizmetleri AS (IST:TCELL) reported its Q2 2025 earnings with a notable 12% year-on-year (YoY) revenue growth, reaching TRY 53 billion. The company's Group EBITDA increased by 15% YoY to TRY 23 billion, while net income surged by 37% YoY to TRY 4.4 billion [1].

Key highlights include the highest postpaid net additions in over five years, with 816,000 new additions, and a 9.8% YoY increase in mobile Average Revenue Per User (ARPU). The company also saw a 17.5% YoY increase in residential fiber ARPU and a 39% growth in digital business services revenue, which exceeded TRY 4.9 billion [2]. Data center and cloud services revenue grew by 53%, and Paycell revenue increased by 36% YoY [3].

However, the mobile churn rate rose to 2.2% for the quarter, and the fixed broadband subscriber base remained stable at TRY 3.3 million. The company also incurred a TRY 1.2 billion loss due to its share in the TArkiye project, impacting net income [1].

Turkcell's capital expenditure (CapEx) intensity for the quarter was 16.9%, and the company ended the second quarter with a cash position of TRY 117 billion and a net debt position of TRY 25 billion, with a net leverage ratio of 0.3 times. FX debt amounted to USD 3.9 billion, with FX denominated financial assets totaling USD 3.2 billion [1].

The company expects higher costs in the second half of the year, which are already factored into its 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 [1].

Turkcell's Q2 2025 results underscore its ability to navigate macroeconomic headwinds while accelerating growth in high-margin digital services, 5G infrastructure, and financial technology. The company's strategic investments in 5G and fiber networks position it as a key player in Turkey's digital transformation, a market projected to grow at a 12% CAGR in telecom and tech services through 2030 [3].

References:
[1] https://ca.finance.yahoo.com/news/turkcell-iletisim-hizmetleri-ist-tcell-071230485.html
[2] https://seekingalpha.com/news/4484843-turkcell-iletisim-reports-q2-results
[3] https://www.ainvest.com/news/turkcell-iletisim-q2-2025-outperformance-case-strategic-investment-turkey-leading-tech-driven-telecom-play-2508/