Turkcell Iletisim Hizmetleri A.S ADR (TKC) financial statements: income statement, balance sheet and cash flow

Turkcell Iletisim Hizmetleri A.S ADR's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Turkcell Iletisim Hizmetleri A.S ADR reported revenue of $241.5B (+44.9% year on year).

Income statement

Turkcell Iletisim Hizmetleri A.S ADR income statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Revenue$229.0B$158.9B$103.0B$59.6B
Revenue from financial services$12.5B$7.8B$4.2B$2.0B
Total revenue$241.5B$166.7B$107.1B$61.5B
Cost of revenue($164.7B)($120.4B)($82.2B)($52.2B)
Cost of revenue from financial services($8.4B)($5.1B)($2.2B)($801.3M)
Total cost of revenue($173.1B)($125.5B)($84.4B)($53.0B)
Gross profit$64.3B$38.4B$20.7B$7.3B
Gross profit from financial services$4.0B$2.7B$2.0B$1.2B
Total gross profit$68.3B$41.1B$22.7B$8.5B
Other income$452.2M$251.4M$882.8M$231.0M
Selling and marketing expenses($16.9B)($10.9B)($5.7B)($3.1B)
Administrative expenses($9.9B)($6.9B)($3.4B)($1.7B)
Net impairment losses on financial and contract assets($1.4B)($1.0B)($1.0B)($408.7M)
Other expenses($2.2B)($2.6B)($5.6B)($902.7M)
Operating profit$38.3B$19.9B$7.8B$2.7B
Finance income$16.8B$10.4B$12.7B$2.5B
Finance costs($22.1B)($17.0B)($19.9B)($7.6B)
Monetary gain (loss)$1.6B$5.9B$3.8B$4.7B
Net finance costs($3.6B)($796.9M)($3.5B)($428.1M)
Share of (loss)/ profit of equity accounted investees($3.5B)($3.2B)$1.5B$316.9M
Profit before income tax$31.2B$16.0B$5.9B$2.6B
Income tax (expense)/ benefit($13.4B)($4.9B)$4.7B$1.6B
Profit from continuing operations$17.8B$11.1B$10.6B—
Profit from discontinued operations($187.4M)$12.4B$2.0B—
Owners of the Company$17.6B$23.5B$12.6B$4.2B
Profit for the year$17.6B$23.5B$12.5B$4.2B
Basic earnings per share for profit attributable to owners of the Company (in full TL)$8.08$10.79$5.75$1.90
Diluted earnings per share for profit attributable to owners of the Company (in full TL)$8.08$10.79$5.75$1.90
Basic earnings per share for profit from continuing operations attributable to owners of the Company (in full TL)$8.17$5.09$4.85—
Diluted earnings per share for profit from continuing operations attributable to owners of the Company (in full TL)$8.17$5.09$4.85—
Basic earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL)-$0.09$5.70——
Diluted earnings per share for profit from discontinued operations attributable to owners of the Company (in full TL)-$0.09$5.70——

Balance sheet

Turkcell Iletisim Hizmetleri A.S ADR balance sheet, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Property, plant and equipment$157.3B$104.6B$66.7B$43.4B
Right-of-use assets$23.0B$10.2B$6.1B$4.9B
Intangible assets$105.0B$81.9B$58.5B$37.3B
Investment properties$222.6M$187.3M$142.4M$108.7M
Trade receivables$257.0M$328.0M$325.9M$298.8M
Receivables from financial services$283.9M$367.1M$593.5M$285.1M
Contract assets$258.2M$165.0M$101.3M$67.1M
Financial assets at fair value through other comprehensive income$29.2B$11.9B$106.0M$1.9B
Financial assets at fair value through profit or loss$8.6B$6.0B$541.5M$258.6M
Deferred tax assets$8.1B$2.5B$1.1B$1.7B
Investments in equity accounted investees$3.6B$5.3B$5.9B$2.3B
Other non-current assets$8.2B$7.2B$4.4B$3.3B
Total non-current assets$343.9B$230.6B$144.5B$95.7B
Inventories$898.0M$674.6M$540.5M$300.4M
Trade receivables$23.5B$16.5B$10.9B$6.7B
Due from related parties$367.5M$246.5M$171.4M$76.5M
Receivables from financial services$8.8B$7.1B$5.8B$3.3B
Due from receivables from financial services$14.7M———
Contract assets$6.3B$5.2B$3.2B$1.9B
Derivative financial instruments$1.8B$2.0B$2.0B$2.0B
Financial assets at amortized cost$2.1B$1.1B—$748.7M
Financial assets at fair value through other comprehensive income$9.5B$2.2B——
Financial assets at fair value through profit or loss$2.5B$3.6B$8.9B$4.0B
Cash and cash equivalents$91.8B$68.9B$50.0B$26.0B
Other current assets$8.9B$6.1B$3.9B$1.9B
Total current assets$156.6B$113.7B$102.5B$46.9B
Total assets$500.6B$344.3B$247.1B$142.6B
Share capital$61.1B$46.7B$32.3B$19.6B
Share premium$54.9M$41.9M$7.7M$4.7M
Treasury shares-1.9B-1.3B-741.3M-431.4M
Reserves$8.5B$2.2B$5.6B$1.5B
Remeasurements of defined benefit plan($3.2B)($3.1B)($2.0B)($1.2B)
Retained earnings$194.8B$142.4B$87.1B$47.0B
Total equity attributable to equity holders of Turkcell Iletisim Hizmetleri AS ("the Company")$259.3B$187.0B$122.2B$66.4B
Total equity$259.3B$187.0B$122.2B$66.4B
Borrowings$122.7B$52.4B$57.9B$37.1B
Trade and other payables$424.5M$168.8M$1.1B$34.3M
Due to related parties$94.4M$253.0K$38.3M$938.0K
Employee benefit obligations$2.9B$3.0B$2.1B$1.8B
Provisions$2.8B$1.9B$1.4B$968.7M
Deferred tax liabilities$15.8B$5.2B$2.3B$5.5B
Contract liabilities$2.5B$2.2B$1.2B$757.7M
Other non-current liabilities$2.0B$1.5B$1.1B$671.6M
Total non-current liabilities$149.2B$66.5B$67.1B$46.8B
Borrowings$35.9B$51.9B$26.1B$16.7B

Cash flow statement

Turkcell Iletisim Hizmetleri A.S ADR cash flow statement, fiscal years
Line itemDec 31, 2025 · FYDec 31, 2024 · FYDec 31, 2023 · FYDec 31, 2022 · FY
Profit for the year$17.8B$11.1B——
Discontinued operations($187.4M)$12.4B——
Profit for the year$17.6B$23.5B—$4.2B
Depreciation of property, plant and equipment and investment properties$24.5B$19.2B—$9.1B
Amortization of intangible assets and right of use assets$38.9B$28.2B—$12.2B
Impairment on property, plant and equipment and intangible asset$578.9M$136.9M—$237.7M
Net finance expense$3.5B$5.2B—$2.2B
Fair value adjustments to derivatives$729.3M$3.1B—$346.4M
Income tax expense$13.4B$5.2B—($1.6B)
Gain on sale of property, plant and equipment$57.7M$34.9M—$22.7M
Effects of exchange rate changes and inflation adjustments$16.0B($2.0B)—$4.4B
Provisions$9.0B$7.4B—$1.8B
Share of (profit)/loss of equity accounted investees$3.5B$3.2B—($316.9M)
Fair value adjustments to financial assets through profit or loss($202.1M)($1.7B)—($1.1B)
Non-cash other adjustments$551.0M$211.1M—$104.6M
Change in operating assets/liabilities$128.1B$82.8B—$31.6B
Change in trade receivables($2.7B)($1.1B)—$485.7M
Change in due from related parties($44.7M)$1.6M—$211.5M
Change in receivables from financial services$433.9M$1.6B—($2.2M)
Change in inventories($14.9M)$145.5M—$158.3M
Change in other current assets($1.3B)($581.4M)—($227.2M)
Change in other non-current assets($685.2M)($71.7M)—($65.2M)
Change in due to related parties$258.6M$103.0M—$134.5M
Change in trade and other payables$4.0B($231.6M)—($1.4B)
Change in other non-current liabilities$33.0M($137.1M)—($5.1M)
Change in employee benefit obligations($409.8M)($408.6M)—($67.5M)
Change in contract asset$442.9M($618.4M)——
Change in deferred revenue$502.8M$233.4M—($79.9M)
Change in contract liability($264.2M)($73.6M)——
Changes in other working capital($5.6B)($2.6B)—($892.6M)
Cash generated from operations$122.7B$79.2B—$29.9B
Interest paid($17.1B)($13.8B)—($3.6B)
Income tax paid($9.0B)($2.2B)—($810.5M)
Net cash inflow from operating activities$96.6B$63.3B—$25.5B
Acquisition of property, plant and equipment($44.0B)($30.7B)—($9.2B)
Acquisition of intangible assets($27.8B)($20.2B)—($6.8B)
Proceeds from sale of property, plant and equipment$815.6M$1.9B—$731.9M
Payments for advances given for acquisition of property, plant and equipment($117.7M)——($1.1B)
Cash inflows from sale of shares or borrowing instruments of other enterprises or funds81.9B38.7B—1.2B
Cash outflows from purchase of shares or borrowing instruments of other enterprises or funds-108.1B-60.2B—-1.2B
Cash inflows from financial assets at fair value through profit or loss$4.3B$15.3B——
Change in other cash advances given$2.0B($703.0M)——
Proceeds from disposal of subsidiary, net of cash disposed$528.0M$13.7B——
Interest received$15.5B$11.8B—$2.5B
Net cash outflow from investing activities($74.9B)($37.1B)—($19.0B)

Turkcell Iletisim Hizmetleri A.S ADR score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.