Turkcell Iletisim Hizmetleri A.s. · BIST:TCELL
Turkcell Iletisim Hizmetleri A.s — Turkcell — Q2 2026 Earnings Presentation
18 slides from Turkcell Iletisim Hizmetleri A.s's earnings presentation, Aug 13, 2026
Slide 1: Turkcell Group Q2 2026
TURKCELL GROUP Q2 2026 AUGUST 13, 2026
Slide 2: Q2 2026 Business Overview
Q2 2026 BUSINESS OVERVIEW Ali Taha Koç, PhD Turkcell CEO
Slide 3: Q2 2026 Highlights
Q2 2026 Highlights Sustaining Real Growth in a Challenging Environment Financial Performance Operational Performance Strategic Areas Revenue Techfin Revenue TRY 71.8 Billion 284 K TRY 4.1 Billion Postpaid Net Add 2.5% YoY increase 7.0% YoY increase EBITDA Digital Business Services Revenue TRY 30.0 B
Slide 4: Mobile Operational Highlights
Mobile Operational Highlights SUBSCRIBER TREND Net Add, QoQ MOBILE ARPU vs CPI (YEARLY CHANGE IN %, Historical Figures) POSTPAID 32.5 284 K Net Add, YoY ARPU (Exc. M2M) CPI % ARPU Growth % Million 2.4 Million 49.3% 26.8% Our Initial Q2 31.0% 32.4% CPI Forecast Net Loss, QoQ 36.1% PREPAID 7.5 40 K Ne
Slide 5: Superbox: The Next Wave of Growth, Powered by 5G
Superbox The Next Wave of Growth, Powered by 5G Market Leader 74.3% #1 Leadership strengthening Strong execution and sustained customer demand Fixed Wireless Access Market Share1 continue to reinforce our market leadership High demand momentum Subscriber Trend (Thousand) 5G 5G is expected to further
Slide 6: Fixed Broadband Operational Highlights
Fixed Broadband Operational Highlights SUBSCRIBER TREND Net Add, QoQ RESIDENTIAL FIBER ARPU vs CPI (YEARLY CHANGE IN %, Historical Figures) TURKCELL FIBER 2.6 31 K Net Add, YoY 89% 12-Month contract share in residential 59.9% Residential Fiber ARPU CPI % ARPU Growth % Million 43.6% 138 K 36.6% 36.1%
Slide 7: TV Services
TV Services Boosting Net Adds Through Content Partnerships Operational Highlights A Seamless Entertainment Experience with New Collaborations 2.7 Subscribers Million Net Add Trend OTT Watching Time (Thousand, OTT TV + IPTV) 123 106 QoQ YoY 62 14% 64% LAUNCH Q4 25 Q1 26 Q2 26 NOVEMBER 2025
Slide 8: Digital Business Services
Digital Business Services Large-Scale System Integration Success DIGITAL BUSINESS DATA CENTER & CLOUD DATA CENTER PORTFOLIO SERVICES BUSINESS Kocaeli Ankara REVENUE REVENUE (TRY MILLION) (TRY MILLION) Next generation Modules data centers 33% YoY 10% YoY Active Tekirdağ İzmir are now Activated in Q2
Slide 9: Techfin Business
Techfin Business Supporting Group Performance FINANCIAL HIGHLIGHTS (TRY MILLION) FINANCIAL HIGHLIGHTS (TRY MILLION) ▲ 22% YoY 12% YoY 200 0 10. 00% 9.0 0% 2,374 180 0 7.8% 8.0 0% 1,770 1,948 6% 7.0 0% 160 0 ▲ 4% YoY 6.0 0% Revenue Revenue140 0 1,550 5.0 0% 769 4.0 0% 738 120 0 2 4.5% NIM 3.0 0% EBIT
Slide 10: Q2 2026 Financial Overview
Q2 2026 FINANCIAL OVERVIEW Kamil Kalyon Turkcell CFO
Slide 11: Revenue & EBITDA Margin
Revenue & EBITDA Margin Turkcell Group Revenue (TRY Million) EBITDA Margin (%) ▲ 2.5% 1.7pp 0.8% 271 458 999 (0.4%) 0.2% (1.0%) (1.3%) 71,775 43.5% 70,047 41.8% Revenue Δ Turkcell Δ Techfin Δ Other Revenue EBITDA COGS Personnel Energy Sales & Other EBITDA Q2 25 Türkiye Q2 26 margin expense expense m
Slide 12: Net Income
Net Income Turkcell Group Net Income (TRY Million) 5.7% ➢ FX Impact (4,717) ➢ Interest Expense 322 3,773 ➢ Interest Income 280 248 1,083 (486) 1,182 5,549 (1,712) (287) (4,115) 5,235 Net income Δ EBITDA Δ Depreciation Δ Other Δ Monetary gain Δ Net finance Δ Share of profit of Δ Income tax Δ Disconti
Slide 13: Drivers of Net FX Loss
Drivers of Net FX Loss Turkcell Group Cash and Financial Assets Net FX Gain / Loss from (TRY Million) Substantial FX liquidity provides a strong natural hedge against FX liabilities. Op. Assets & Liabilities Debt (9,080) Increase in FX liabilities mainly driven by 5G license payment obligations Cash
Slide 14: CAPEX
CAPEX Turkcell Group Operational Capex / Sales Operational Capex Breakdown Investments in Strategic Areas (Non-Core) H1 26 2026E ~25% 23.2% 1.4% ~5% 34% 31% 33% 18.5% 47% 2.6% 5% 21.8% ~20% 15% 13% 13% 1% 7% 15.9% H1 25 H1 26 2026E Data Ren. Other Mobile Fixed Center Energy Note: Operational CAPEX f
Slide 15: Solid Balance Sheet
Solid Balance Sheet Turkcell Group Summary Net Debt / EBITDA TRY Million 0.36x Q4 25 Q2 26 0.14x 44,494 Total Cash 108,136 89,275 17,532 Financial Assets1 61,155 78,299 Q4 25 Q2 26 Net Debt Net Debt / EBITDA Total Assets 589,467 659,894 Debt Service (Principal & Interest)2 USD Million Total Debt 186
Slide 16: FX Exposure
FX Exposure Turkcell Group FX Breakdown Net FX Position (USD Million) Cash Debt 20% USD 19% 31% 40% EUR 51% TRY 8% CNY 68% 5% Q2 25 Q3 25 Q4 25 Q1 26 Q2 26 18% 40% (9) (102) Excl. FX Swaps Incl. FX Swaps After Hedging FX Position Breakdown USD Million Equivalent (957) (1,339) (1,193) 1,194 (870) (1,
Slide 17: Thank You
THANK YOU Turkcell Investor Relations For further information please e-mail investor.relations@turkcell.com.tr Website or call Turkcell Investor Relations at +90 212 313 1888
Slide 18: Notice
Notice This presentation contains the Company’s financial information for the quarter ended June 30, 2026 prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). This presentation contains the Company’s fina