TKC · CIK 0001071321

TURKCELL ILETISIM HIZMETLERI A S

Annual figures as reported, FY2014–FY2023. Ratios and growth rates derived on-page.

Revenue

TRY 107.1B

▲ +14.6% vs FY2022

Net income

TRY 12.5B

▲ +82.2% vs FY2022

Free cash flow

TRY 27.5B

▲ +2.2% vs FY2022

Diluted EPS

TRY 5.75

▲ +82.5% vs FY2022

Revenue

Annual, as reported

Net income

Annual, as reported

Profitability & returns

quality of earnings

Margins

Share of revenue kept at each line

Gross marginOperating marginNet margin

Returns on capital

Net income vs year-end equity and assets

Return on equityReturn on assets

Cash flow

cash generation

Free cash flow

Operating cash flow less capital expenditure

Operating cash flow

Net cash from operations

Shareholder returns

capital allocation

Capital returned

Cash paid out as dividends and share repurchases

Dividends paidBuybacks

Diluted shares outstanding

Falling count means buybacks outpace dilution

Balance sheet

financial position

Stockholders’ equity

At fiscal year end

Net debt

Long-term debt less cash — negative means net cash

Growth rates

compounding, annualized

Revenue CAGR

+15.5%

+38.1%

Net income CAGR

+40.6%

+41.9%

Diluted EPS CAGR

+39.9%

Free cash flow CAGR

+30.0%

+57.2%

Share count change (split-adjusted)

−0.1%

Key ratios

derived per fiscal year

Fiscal year	Gross margin	Op. margin	Net margin	FCF margin	ROE	ROA	Current ratio	Debt / equity
FY2023	21.2%	7.3%	11.7%	25.7%	10.3%	5.1%	1.78×	0.69×
FY2022	12.6%	3.2%	7.4%	28.8%	6.3%	2.9%	1.59×	0.81×
FY2021	20.7%	11.1%	6.6%	40.1%	6.6%	4.7%	1.72×	0.56×
FY2020	23.6%	12.9%	6.5%	18.0%	4.1%	8.8%	1.78×	0.20×
FY2019	32.0%	20.0%	13.0%	23.2%	5.0%	7.2%	1.53×	0.31×
FY2018	33.6%	20.5%	10.2%	13.5%	13.6%	5.1%	1.56×	1.18×
FY2017	35.6%	16.6%	11.6%	0.9%	13.5%	6.0%	1.53×	0.83×
FY2016	35.3%	15.3%	10.8%	−13.8%	9.6%	4.9%	1.81×	0.61×
FY2015	39.2%	17.6%	14.9%	−1.8%	13.2%	—	—	—
FY2014	—	—	—	—	—	—	—	—

Annual figures

as reported

Fiscal year	Revenue	Gross profit	Op. income	Net income	Diluted EPS	Op. cash flow	Capex	Total assets	Liabilities	Equity	Cash	LT debt
FY2023	TRY 107.1B	TRY 22.7B	TRY 7.8B	TRY 12.5B	TRY 5.75	TRY 41.7B	TRY 14.2B	TRY 247.1B	TRY 124.8B	TRY 122.2B	TRY 50.0B	TRY 84.1B
FY2022	TRY 93.5B	TRY 11.8B	TRY 3.0B	TRY 6.9B	TRY 3.15	TRY 42.3B	TRY 15.4B	TRY 235.0B	TRY 125.6B	TRY 109.4B	TRY 42.8B	TRY 88.7B
FY2021	TRY 108.6B	TRY 22.5B	TRY 12.1B	TRY 7.1B	TRY 3.27	TRY 61.6B	TRY 18.1B	TRY 151.3B	TRY 85.9B	TRY 107.7B	TRY 30.6B	TRY 60.4B
FY2020	TRY 69.5B	TRY 16.4B	TRY 9.0B	TRY 4.5B	TRY 2.10	TRY 21.0B	TRY 8.5B	TRY 51.5B	TRY 30.7B	TRY 110.6B	TRY 11.9B	TRY 21.6B
FY2019	TRY 25.1B	TRY 8.1B	TRY 5.0B	TRY 3.3B	TRY 1.49	TRY 9.0B	TRY 3.2B	TRY 45.7B	TRY 27.6B	TRY 65.6B	TRY 10.2B	TRY 20.3B
FY2018	TRY 21.3B	TRY 7.1B	TRY 4.4B	TRY 2.2B	—	TRY 5.8B	TRY 3.0B	TRY 42.8B	TRY 26.7B	TRY 16.1B	TRY 7.4B	TRY 19.0B
FY2017	TRY 17.6B	TRY 6.3B	TRY 2.9B	TRY 2.0B	—	TRY 3.1B	TRY 2.9B	TRY 34.0B	TRY 18.9B	TRY 15.0B	TRY 4.7B	TRY 12.5B
FY2016	TRY 14.3B	TRY 5.0B	TRY 2.2B	TRY 1.5B	—	TRY 607.1M	TRY 2.6B	TRY 31.6B	TRY 15.5B	TRY 16.1B	TRY 6.1B	TRY 9.8B
FY2015	TRY 12.8B	TRY 5.0B	TRY 2.2B	TRY 1.9B	—	TRY 1.9B	TRY 2.1B	—	—	TRY 14.4B	TRY 2.9B	—
FY2014	—	—	—	—	—	—	—	—	—	TRY 16.7B	TRY 9.0B	—

Latest filings

the most recent regulatory filings

6-KForeign issuer report2026-06-24 ↗6-KForeign issuer report2026-06-24 ↗6-KForeign issuer report2026-06-24 ↗6-KForeign issuer report2026-06-24 ↗6-KForeign issuer report2026-06-22 ↗6-KForeign issuer report2026-06-22 ↗6-KForeign issuer report2026-06-18 ↗SDSpecialized disclosure2026-06-01 ↗6-KForeign issuer report2026-05-12 ↗6-KForeign issuer report2026-05-11 ↗

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Fiscal year

Gross margin

Op. margin

Net margin

FCF margin

ROE

ROA

Current ratio

Debt / equity

FY2023

21.2%

7.3%

11.7%

25.7%

10.3%

5.1%

1.78×

0.69×

FY2022

12.6%

3.2%

7.4%

28.8%

6.3%

2.9%

1.59×

0.81×

FY2021

20.7%

11.1%

6.6%

40.1%

6.6%

4.7%

1.72×

0.56×

FY2020

23.6%

12.9%

6.5%

18.0%

4.1%

8.8%

1.78×

0.20×

FY2019

32.0%

20.0%

13.0%

23.2%

5.0%

7.2%

1.53×

0.31×

FY2018

33.6%

20.5%

10.2%

13.5%

13.6%

5.1%

1.56×

1.18×

FY2017

35.6%

16.6%

11.6%

0.9%

13.5%

6.0%

1.53×

0.83×

FY2016

35.3%

15.3%

10.8%

−13.8%

9.6%

4.9%

1.81×

0.61×

FY2015

39.2%

17.6%

14.9%

−1.8%

13.2%

—

FY2014

—

Fiscal year

Revenue

Gross profit

Op. income

Net income

Diluted EPS

Op. cash flow

Capex

Total assets

Liabilities

Equity

Cash

LT debt

FY2023

TRY 107.1B

TRY 22.7B

TRY 7.8B

TRY 12.5B

TRY 5.75

TRY 41.7B

TRY 14.2B

TRY 247.1B

TRY 124.8B

TRY 122.2B

TRY 50.0B

TRY 84.1B

FY2022

TRY 93.5B

TRY 11.8B

TRY 3.0B

TRY 6.9B

TRY 3.15

TRY 42.3B

TRY 15.4B

TRY 235.0B

TRY 125.6B

TRY 109.4B

TRY 42.8B

TRY 88.7B

FY2021

TRY 108.6B

TRY 22.5B

TRY 12.1B

TRY 7.1B

TRY 3.27

TRY 61.6B

TRY 18.1B

TRY 151.3B

TRY 85.9B

TRY 107.7B

TRY 30.6B

TRY 60.4B

FY2020

TRY 69.5B

TRY 16.4B

TRY 9.0B

TRY 4.5B

TRY 2.10

TRY 21.0B

TRY 8.5B

TRY 51.5B

TRY 30.7B

TRY 110.6B

TRY 11.9B

TRY 21.6B

FY2019

TRY 25.1B

TRY 8.1B

TRY 5.0B

TRY 3.3B

TRY 1.49

TRY 9.0B

TRY 3.2B

TRY 45.7B

TRY 27.6B

TRY 65.6B

TRY 10.2B

TRY 20.3B

FY2018

TRY 21.3B

TRY 7.1B

TRY 4.4B

TRY 2.2B

—

TRY 5.8B

TRY 3.0B

TRY 42.8B

TRY 26.7B

TRY 16.1B

TRY 7.4B

TRY 19.0B

FY2017

TRY 17.6B

TRY 6.3B

TRY 2.9B

TRY 2.0B

—

TRY 3.1B

TRY 2.9B

TRY 34.0B

TRY 18.9B

TRY 15.0B

TRY 4.7B

TRY 12.5B

FY2016

TRY 14.3B

TRY 5.0B

TRY 2.2B

TRY 1.5B

—

TRY 607.1M

TRY 2.6B

TRY 31.6B

TRY 15.5B

TRY 16.1B

TRY 6.1B

TRY 9.8B

FY2015

TRY 12.8B

TRY 5.0B

TRY 2.2B

TRY 1.9B

—

TRY 1.9B

TRY 2.1B

—

TRY 14.4B

TRY 2.9B

—

FY2014

—

TRY 16.7B

TRY 9.0B

—