TURKCELL ILETISIM HIZMETLERI A.S. - Form 6-K Summary
Business Context and Reporting Period
This Form 6-K, filed on March 18, 2026, reports a press release dated March 17, 2026, regarding a dividend distribution proposal for the fiscal year ended December 31, 2025. The filing is submitted by Turkcell Iletisim Hizmetleri A.S., a foreign private issuer based in Istanbul, Turkey.
Key Financial Metrics
- Net Profit (2025): TRY 31,002,847,937 (Consolidated, audited).
- Distributable Profit Base: TRY 17,604,006,520 (Profit after tax basis) + TRY 920,921,225 (Donations) = TRY 18,524,927,745.
- Proposed Gross Dividend: TRY 8,800,000,000 total.
- Dividend Per Share: TRY 4.0000000 gross (TRY 3.4000000 net after withholding tax) per ordinary share with a nominal value of TRY 1.
- Dividend Payment Date: December 9, 2026.
- Retained Earnings: Remaining distributable profit of TRY 7,935,006,520 will be retained.
Material Changes and Dividend Structure
The Board of Directors has resolved to distribute the dividend from two sources: TRY 8,011,000,000 from retained earnings in statutory records and TRY 789,000,000 from distributable legal reserves. No allocation was made to the first legal reserve as the company has reached the statutory ceiling. The dividend structure includes a first cash dividend of TRY 3,704,988,652 (20% of the first dividend base) and a second cash dividend of TRY 5,095,011,348. A secondary legal reserve of TRY 869,000,000 was allocated from the remaining net distributable profit.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, revenue outlook, or specific risk factors beyond the standard requirement for shareholder approval at the Ordinary General Assembly. The proposal is contingent upon the principles set forth in the Capital Markets Board's Communiqués and the company's Articles of Association. Withholding tax will be applied to the entire gross dividend amount at the time of distribution.
Investor Verification Checklist
- Verify the final approval of the dividend proposal at the Ordinary General Assembly.
- Confirm the exact number of outstanding ordinary shares to validate the total dividend payout calculation.
- Review the consolidated financial statements for the year 2025 to confirm the reported net profit of TRY 31.0 billion.
- Monitor the actual payment date of December 9, 2026, for any potential delays.
- Check for any changes in Turkish withholding tax rates applicable to dividends before the payment date.