TKC FY 2024 Earnings Report — Turkcell Iletisim Hizmetleri A.S. Revenue & Financial Results | Market Cap Arena

Turkcell Iletisim Hizmetleri A.S.TKC

FY 2024 Earnings

Reported April 29, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$3.7B	—	—	—	—
Op. Income	$781M	—	—	—	—
Gross Margin	24.7%	—	—	—	—
Net Margin	14.1%	—	—	—	—
EPS (Diluted)	$0.60	—	—	—	—
Free Cash Flow	$986M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.8B
GROSS PROFIT	$916M
R&D Expenses	$7M
Selling & Marketing	$244M
General & Administrative	$152M
SG&A Expenses	$395M
Other Expenses	-$268M
Operating Expenses	$134M
Cost & Expenses	$2.9B
OPERATING INCOME	$781M
Interest Income	$168M
Interest Expense	$255M
Other Income/Expenses	-$427M
INCOME BEFORE TAX	$355M
Income Tax Expense	$108M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$277M
Other Adjustments	$0
NET INCOME	$523M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$523M
D&A	$585M
EBIT	$768M
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.8B
GROSS PROFIT	$916M
R&D Expenses	$7M
Selling & Marketing	$244M
General & Administrative	$152M
SG&A Expenses	$395M
Other Expenses	-$268M
Operating Expenses	$134M
Cost & Expenses	$2.9B
OPERATING INCOME	$781M
Interest Income	$168M
Interest Expense	$255M
Other Income/Expenses	-$427M
INCOME BEFORE TAX	$355M
Income Tax Expense	$108M
Net Income from Continuing Ops	$247M
Net Income from Discontinued Ops	$277M
Other Adjustments	$0
NET INCOME	$523M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$523M
D&A	$585M
EBIT	$768M
EBITDA	$1.4B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$523M
Depreciation & Amortization	$1.1B
Stock-Based Compensation	$31M
Deferred Income Tax	$115M
Other Non-Cash Items	$26M
Change in Working Capital	-$82M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$683M
Acquisitions (Net)	$686.3K
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$118M
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$38M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$163M
Other Financing Activities	-$9M
NET CASH FROM FINANCING	-$218M
FREE CASH FLOW	$986M
Net Change in Cash	-$202M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$153M
Net Receivables	$691M
Inventory	$15M
Other Current Assets	$89M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$2.7B
Goodwill	$13M
Intangible Assets	$1.8B
Long-Term Investments	$514M
Tax Assets	$56M
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$5.1B
TOTAL ASSETS	$7.7B
Account Payables	$453M
Short-Term Debt	$1.1B
Deferred Revenue	$45M
Other Current Liabilities	$118M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$1.1B
Deferred Revenue NC	$53M
Deferred Tax Liabilities	$117M
Other Non-Current Liabilities	$143M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$3.5B
Common Stock	$49M
Additional Paid-In Capital	$933.1K
Retained Earnings	$4.0B
Treasury Stock	-$30M
Accum. Other Comp. Income	$189M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$0
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$2.3B
Net Debt	$788M