Turkcell Iletisim Hizmetleri A.S. Income Statement 2023-2011 | TKC

Brief overview of profit and loss at Turkcell Iletisim Hizmetleri A.S.

This overview is based on financial performance over the past five years. Revenue at Turkcell Iletisim Hizmetleri A.S. moved from 21.3 billion TRY in 2018 to 107 billion TRY in 2023. The cumulative result was +403.1%, corresponding to roughly 38.1% per year. Sales grew at a rate typical of a strong expansion phase.

At the gross-profit level, the result moved from 7.1 billion TRY to 22.7 billion TRY, a change of +217.6%. Costs absorbed a larger share of revenue over the period. At the margin level, the figure shifted from 33.6% to 21.2%. Weakening gross profitability reduces the quality of the top-line trend.

The operating result measured by EBITDA moved from 6.3 billion TRY to 7.8 billion TRY, or +24.9%. Changes in revenue did not translate into comparable EBITDA performance. EBITDA margin was 29.4% at the start and 7.3% at the end. The business retained less EBITDA from each unit of revenue.

Over the period, net income shifted from 2 billion TRY to 12.5 billion TRY (+520.1%). Net income reached a five-year high at the end of the interval.

Market value was 4.1 billion TRY at the start and 13.9 billion TRY at the end. The valuation did not keep pace with the reported progress.

What the figures show

The results present an uneven picture without one dominant signal. Key strengths include revenue expansion and a stronger final result. The overall view is constrained by a declining EBITDA margin and a lower gross margin. Further direction will depend on top-line growth, operating profitability, and net income.