Revenue Growth and Scale
Consolidated revenues increased 9% year‑on‑year to TRY 65 billion; management notes revenue growth of 6% when including IFRIC/FX accounting impacts and that this is in line with full‑year guidance.
Strong EBITDA and Margin Expansion
EBITDA reached approximately TRY 27 billion/TRY 27.4 billion with year‑on‑year expansion well ahead of revenue growth; EBITDA margin expanded by about 300 basis points (and by c.395 bps excluding accounting impacts) to the low‑to‑mid 40s percent.
Substantial Net Profit Improvement
Net income rose 56% year‑on‑year to TRY 10.5 billion, driven by operating performance and margin improvements.
Robust Subscriber Growth and Nationwide 5G Launch
Total subscriber base exceeded 57 million with 613,000 net additions quarter‑on‑quarter (776,000 excluding a 163,000 fixed voice decline); mobile net additions were 712,000, bringing the mobile base to 32.2 million; 5G was successfully launched across all Turkish provinces.
Fixed Broadband Momentum and Fiber Investment
Fixed broadband ARPU grew ~18% year‑on‑year; fixed internet was the largest contributor to revenue growth (c. TRY 3.2 billion higher YoY); fiber network now exceeds 550,000 km supporting upsell and higher‑speed adoption.
Corporate Data & ICT Outperformance
Corporate data and ICT solutions delivered strong growth (c. +28.1% YoY) and added roughly TRY 2.3 billion in revenues, supported by new projects won by Innova.
Energy Efficiency and Renewable Progress
Energy expenses declined ~14% YoY and now represent ~5% of OpEx; a 96 MW solar plant became operational (meeting ~15% of current consumption) and management expects future solar capacity to materially raise self‑supply toward a target ~65%.
Positive Cash Generation Excluding One‑offs
Unlevered free cash flow was positive at TRY 1.7 billion in Q1 when excluding 5G/concession payments, demonstrating underlying cash generation despite higher investment.