Turkcell has announced its financial and operational results for the year 2024. CEO of Turkcell, Dr. Ali Taha Koç, emphasized that the company continues its sustainable growth, stating, “In this special year where we celebrated our 30th anniversary, Turkcell Group’s total revenues grew by 7.8% annually to reach 166.7 billion TRY, while the net profit reached 23.5 billion TRY. The company’s EBITDA margin was 41.9%. As Turkey’s Turkcell, last year we invested a total of 54.8 billion TRY in our business, our country, and our people, while also distributing a total of 6.3 billion TRY in dividends to our shareholders.” Turkey’s leading communication and technology company Turkcell revealed its financial and operational results for the year 2024. Continuing its strong growth in its 30th year, Turkcell’s postpaid mobile subscriber base broke a record of the last 15 years by growing to 1.9 million, surpassing 29.1 million. The EBITDA margin stood at 41.9% annually. In 2024, group revenues increased by 7.8% to reach 166.7 billion TRY; while the net profit was recorded at 23.5 billion TRY, also with the contribution of the sale of the Ukraine operation. “We have completed a year full of achievements.” CEO of Turkcell Dr. Ali Taha Koç emphasized that Turkcell has completed a year full of achievements and shared the following messages: “In our 30th year, with our strong foundations and innovative vision, we have made progress towards our goal of creating sustainable value for our stakeholders. Despite the fluctuations and uncertainties in the global economy, we have shown strong performance thanks to our customer-oriented approach and strategic actions. By completing the sale of our companies in Ukraine within the framework of adding value from our assets, we reduced our geopolitical risks and further strengthened our cash position. Additionally, in line with the dividend policy at the ordinary general assembly meeting, we realized the distribution of a total gross of 6.3 billion TRY in profit shares. Next year, we aim to again create sustainable value for all our stakeholders with strategic moves.” Setting a record in postpaid mobile subscribers in the last 15 years As the leader in the mobile segment, Dr. Ali Taha Koç stated, “At Turkcell, we have prioritized long-term and sustainable growth by balancing ARPU growth and subscriber base expansion. Our total subscriber base increased annually by 578 thousand to reach 43.1 million. Our postpaid mobile subscriber base, breaking a record of the last 15 years, grew by 1.9 million to surpass 29.1 million. The postpaid subscriber rate increased by 5 points annually, reaching 76%. With the expansion in the postpaid subscriber base, Mobile ARPU showed an increase of 10.4%.” Dr. Ali Taha Koç continued, “We had a very successful year in converting our fiber investments into subscribers. In the fixed broadband segment, we continued our goal of reaching more subscribers with our end-to-end fiber service. In this regard, 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, reaching 42.7%. I would like to reiterate that we welcomed the call made by the Minister of Transport and Infrastructure, Abdulkadir Uraloğlu, for a concession agreement in fiber infrastructure with pleasure. We consider participating in the tender to be held in line with this call and competitive conditions as a duty. As Turkey’s Turkcell, we are ready to offer our country the world-standard service we provide in mobile communication in the field of fiber infrastructure and to undertake this national responsibility.” “We continue to lead in data center operations” Dr. Ali Taha Koç provided information about the revenues of the data center operations, which they started with the principle ‘Let Turkey’s 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 year-end, 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 simultaneously in the design, implementation, and operation areas, we set the standard in data center operations. In the coming years, we aim to strengthen our leadership in the market by continuing our investments in this field.” Strong Contribution of the Techfin Segment to the Group Turkcell CEO Dr. Ali Taha Koç shared that the techfin segment consisting of the Paycell and Financell brands closed the year 2024 with strong growth, stating, “Reshaping consumer habits with its innovative payment services, Paycell achieved growth in all verticals it served and increased its revenues by 25% annually to reach 3.9 billion TRY. The EBITDA margin improved by 0.5 points to 43%. On the other hand, Financell, operating in individual and commercial finance, increased its revenues by 32.8% in 2024 thanks to the growing loan portfolio. The introduction of our personalized interest application played a significant role in the growth of the credit portfolio, enabling us to serve a more comprehensive customer segment. Thus, we maintained our position as the leading financial company in the microcredit sector in 2024.” “We have commissioned our 3 ground-type solar power plants” Reminding that sustainability is a strategic focus area for 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 ground-type solar power plants (GPP) with a total capacity of 54 MW by the end of 2024, we commissioned 3 sites in Uşak and Van. We aim to increase the installed capacity of our GPPs in 7 different provinces and 11 locations to 300 MW by the end of 2026. Our wind power plant with an installed capacity of 18 MW in İzmir Karadağ also contributes to our sustainability strategy. With these investments, our goal of becoming a net zero company by 2050 continues resolutely. 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 leave a much more livable world to our children. The ‘Turn Waste into 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 in 2024, with a total of 14 tons, and supported the education of hundreds of children by recycling them. In addition, through our Turkcell Intelligence Power project, which has been ongoing since 2016, we reached more than 66 thousand students annually with 87 technology classes we have implemented in 55 cities of Turkey. With the project, students have won more than 400 awards and championships in national and international competitions. Intelligence Power greatly contributes to raising our children as individuals with a high awareness who not only consume but also create technology. In addition to many of our social responsibility projects, we work to ensure that sports, culture, and art are equally accessible to everyone. We sponsor all sports and cultural art activities for women-men, children-elderly, and disadvantaged individuals. We also continue our sponsorship of the National Teams and support to sports federations.” Targeting a 42% EBITDA Margin in 2025 The year 2025, in which the 5G auction will take place, will be a year of intensified activities for Turkcell, focusing on accelerating its investments