Turkcell Iletisim Hizmetleri AS

Ladies and gentlemen, thank you for standing by. I'm Konstantinos, your course call operator. Welcome and thank you for joining the Turkcell's conference call and live webcast to present and discuss the Turkcell Third Quarter 2025 financial results. All participants will be in listening mode and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Ms. Özlem Yardım, Investor Relations and Corporate Finance Director. Ms. Yardım, you may now proceed.

Thank you, Konstantin. Hello, everyone, and welcome to Truxell's 2025 Third Quarter Earnings Call. On the call today, we have our CEO, Alita Hakoç, and CFO, Kamil Kalyon. They will provide an overview of our financial and operational results for the quarter, followed by a Q&A session. Before we begin, I would like to kindly remind you to review our safe harbor statement, which is available at the end of our presentation. With that, I will now turn the call over to Mr. Ali Taha.

Thank you, Ozem. Good afternoon, everyone, and thank you all for joining us today. This quarter once again demonstrated Truxell's strong momentum, powered by disciplined operations, sharp execution, and the strength of our growth engine. We delivered 11% revenue growth, reaching 60 billion Turkish Liras, driven primarily by our core telecommunication business. Strong ARPU performance, a growing subscriber base, and rising data center revenues all contributed to this outstanding performance. Group EBITDA increased 11% to 26 billion Turkish Liras, achieving a solid 43.9% margin. a clear reflection of our continued cost discipline. In addition to our operational success, prudent financial management strengthened our bottom line, lifting net income from continuing operations up by 31.8% to 5.4 billion Turkish Liras. Competition remained intense this quarter. Even so, we added 569,000 net postpaid subscribers. Through targeted pricing and upselling, mobile output rose 12%, once again proving our ability to deliver double-digit growth in a highly competitive environment. Residential fiber output also grew by 17.3% year-on-year in the third quarter. Our strategic growth areas also continue to perform strongly. Data center and cloud revenues increased grew 51%, and our renewable energy capacity from solar fields across four cities in Turkey has reached 37.5 megawatts. Next page, please. We are proud to reinforce our leadership with the successful outcome of the 5G Spectrum Tender, a defining milestone for Turkey's digital future. The results were exactly in line with our expectations and reaffirm our leadership position. We secure 160 MHz of spectrum, the maximum capacity available to a single operator in the standard. This allocation enables us to deliver speeds exceeding 1000 Mbps while paving the lowest cost per MHz per subscriber among all operators. 5G will be commercially launched in April 2026, marking the beginning of a new chapter in Turkey's digital transformation. It will empower industries such as manufacturing, transport, healthcare, and education with high-speed connectivity, low latency, and greater capacity. As a pioneer in 5G, we recently introduced our 5G Superbox Ready Tariffs, one of the most practical and impactful consumer use cases for 5G, bringing high-speed connectivity to regions that currently lack fiber access. Once 5G officially launches, these customers will be among the first to experience 5G speed. And just as we have done over the past 30 years, we will continue to lead in this new era of connectivity. We are fully ready to shape Turkey's 5G future and drive the next wave of digital transformation.