#Ekonomi

Strong investment from Turkcell, which continues to grow strongly

Turkcell has announced its financial and operational results for the year 2024. Dr. Ali Taha Koç, the CEO of Turkcell, emphasized that the company continues its sustainable growth, stating, “In this special year where we celebrate our 30th anniversary, Turkcell Group’s total revenues grew by 7.8% annually to reach 166.7 billion TL, while its net profit reached 23.5 billion TL. The company’s EBITDA margin was 41.9%. As Turkey’s Turkcell, our total investment in our business, our country, and our people last year amounted to 54.8 billion TL, and we also distributed a total of 6.3 billion TL in profit share to our investors.” Turkey’s leading communication and technology company Turkcell announced its financial and operational results for the year 2024. Turkcell, which continues its strong growth in its 30th year, saw its mobile postpaid subscriber base break a 15-year record, growing by 1.9 million to surpass 29.1 million. The EBITDA margin was at 41.9% on an annual basis. Group revenues for 2024 increased by 7.8% to reach 166.7 billion TL, while net profit reached 23.5 billion TL, also benefiting from the sale of the Ukraine operation. “We have completed a year full of achievements,” said Dr. Ali Taha Koç, emphasizing Turkcell’s year full of achievements and delivering the following messages: “In our 30th year, we continued with determination towards our goal of creating sustainable value for our stakeholders with our strong foundations and innovative vision. Despite the fluctuations and uncertainties in the global economy, we have demonstrated a strong performance through our customer-centric approach and strategic actions. By completing the sale of our companies in Ukraine within the framework of creating value from our assets, we reduced our geopolitical risks and further strengthened our cash position. Also, in line with our dividend policy at the annual general assembly, we distributed a total gross profit share of 6.3 billion TL. Next year, we aim to once again create sustainable value for all our stakeholders through strategic moves.” “Record in mobile postpaid subscribers in the last 15 years”

Dr. Ali Taha Koç, emphasizing that they prioritize long-term and sustainable growth as the leader in the mobile segment, said, “With the strategy we pursue as Turkcell, we have managed the balance of increasing ARPU and growing the subscriber base healthily. Our total subscriber base increased by 578 thousand annually to reach 43.1 million. Our mobile postpaid subscriber base, with a record in the last 15 years, grew by 1.9 million to surpass 29.1 million. The postpaid subscriber rate increased by 5 points annually to reach 76%. Thanks to the expansion in the postpaid subscriber base, Mobile ARPU showed a 10.4% increase.” Dr. Ali Taha Koç continued, “We had a very successful year in converting our fiber investments to subscribers. In the fixed broadband segment, we continued our goal of reaching more subscribers with end-to-end fiber service. In this context, our Turkcell fiber subscriber base increased by 168 thousand in 2024 to reach 2.5 million. The subscriber conversion rate in the fiber segment increased by 1.7 points annually to reach 42.7%. I would like to reiterate once again that we welcomed the call made by Minister of Transport and Infrastructure Abdulkadir Uraloğlu for the concession contract in fiber infrastructure. We consider participating in the tender to be held while preserving this call and the competition conditions as a duty. As Turkey’s Turkcell, we are ready to provide our country with the world-class service we provide in mobile communication also in the fiber infrastructure sector and assume this national responsibility.” “We continue to lead in data center operations”

Dr. Ali Taha Koç provided information about the revenues of the data center business they started with the principle of ‘Let data stay in Turkey’: “We have invested 467 million Euros in our data center business, where we are the market leader. Thanks to our high capacity and superior technological infrastructure, our data center and cloud services revenues grew by 46% in 2024. By adding new modules to our data centers with an active IT capacity of 41.4 MW by the end of the year, we aim to establish 8.4 MW of new capacity in 2025. As the first company in Turkey to be awarded Tier III certificates by the Uptime Institute for design, implementation, and operation in the data center operations simultaneously, we are setting the standards in data center operations. In the coming years, we aim to strengthen our leadership in the market by continuing our investments in this area.” “Strong contribution of the Techfin segment to the group” Dr. Ali Taha Koç shared the information that the Techfin segment consisting of the Paycell and Financell brands ended the year 2024 with strong growth: “Paycell, which changes consumer habits with its innovative payment services, showed growth in all the verticals it serves, recording a 25% growth on an annual basis to raise its revenues to 3.9 billion TL. The FAVÖK margin improved by 0.5 points to reach 43%. On the other hand, Financell, which operates in individual and commercial finance, increased its revenues by 32.8% in 2024 thanks to the growing loan portfolio. The introduction of our special interest application this year played a significant role in the growth of the loan portfolio, enabling us to serve more comprehensive customer segments. Thus, we maintained our position as the leading finance company in microcredit in 2024.” “We commissioned our land-based solar power plant type 3” Reminding that sustainability is a strategic focus area for Turkcell, Turkcell CEO Dr. Ali Taha Koç said, “At Turkcell, we value not only people but also all living beings and the environment we live in, and we act to make the world of future generations more livable. In this context, we accelerated our investments in sustainability to transform all our operations into a more environmentally friendly, efficient, and sustainable model using the power of technology. As a company operating in an energy-intensive sector, we meet 100% of our electricity needs from renewable energy-certified sources. Also, by completing the installation of our land-based solar power plants (GES) with a capacity of 54 MW by the end of the year 2024, we commissioned 3 sites in Uşak and Van. We aim to increase the installed power of our GESs in 7 different provinces and 11 locations to 300 MW by the end of 2026. Our wind energy power plant with 18 MW installed capacity operating in Izmir Karadağ also contributes to our sustainability strategy. In line with these investments, our goal of being a net-zero company by 2050 continues with determination. More than 300 million dollars invested in social benefit projects in the last 10 years. “We work with all our might to minimize our impact on the environment and to leave a much more livable world to our children. The ‘Transform to Education’ project, which has been ongoing since 2019, has been a very meaningful reflection of this awareness. Within the scope of this project, we collected approximately 50 tons of e-waste, 14 tons of which were in 2024, and contributed to the recycling by supporting the education of hundreds of children. In addition, within the scope of our Turkcell Intelligence Power project, which has been ongoing since 2016, we reach more than 66 thousand students every year with the 87 technology classrooms we have implemented in 55 cities of Turkey. So far, students have won more than 400 awards and championships in national and international competitions through the project. The Intelligence Power contributes greatly to our children becoming individuals who not only consume technology but also produce, with high awareness. In addition to many of our social responsibility projects, we work towards ensuring that sports, culture, and art are equally accessible to everyone. We sponsor sports and cultural activities for women, men, children, elderly, and disadvantaged individuals to have access to all sports and cultural activities. We also continue to support our national team sponsorships and sports federations.” “42% FAVÖK margin target in 2025” The year

Strong investment from Turkcell, which continues to grow strongly

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Strong investment from Turkcell, which continues to grow strongly

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