{"id":2409,"date":"2026-05-06T22:20:09","date_gmt":"2026-05-06T19:20:09","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2409"},"modified":"2026-05-06T22:21:40","modified_gmt":"2026-05-06T19:21:40","slug":"trk-telekom-2026-birinci-eyrek-konsolide-finansal-raporu","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2409","title":{"rendered":"T\u00fcrk Telekom 2026 Birinci \u00c7eyrek Konsolide Finansal Raporu"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"T\u00fcrk Telekom 2026 \u0130lk \u00c7eyrek Bilan\u00e7osu A\u00e7\u0131kland\u0131: 10,4 Milyar TL Kar ve 5G Hamlesi\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/wYWaMhW4I6s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>T\u00fcrk Telekom\u00fcnikasyon A.\u015e. 2026 Birinci \u00c7eyrek Finansal Brifing Belgesi<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu brifing belgesi, T\u00fcrk Telekom\u00fcnikasyon A.\u015e. ve ba\u011fl\u0131 ortakl\u0131klar\u0131n\u0131n (Grup) 31 Mart 2026 tarihinde sona eren \u00fc\u00e7 ayl\u0131k ara hesap d\u00f6nemine ait finansal performans\u0131n\u0131 ve stratejik durumunu analiz etmektedir. Raporlama d\u00f6neminin en kritik geli\u015fmesi, Bilgi Teknolojileri ve \u0130leti\u015fim Kurumu (BTK) ile imzalanan ve imtiyaz s\u00fcresini 2050 y\u0131l\u0131na kadar uzatan s\u00f6zle\u015fmedir. Grup, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde, y\u00fcksek enflasyon d\u00fczeltmesi (TMS 29) uygulanm\u0131\u015f verilerle 10,5 milyar TL net d\u00f6nem k\u00e2r\u0131 a\u00e7\u0131klam\u0131\u015ft\u0131r. Toplam varl\u0131klar 601,5 milyar TL&#8217;ye ula\u015f\u0131rken, \u00f6zkaynaklar 243,6 milyar TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<h2>Kurumsal Yap\u0131 ve Organizasyon<\/h2>\n<p>T\u00fcrk Telekom, T\u00fcrkiye&#8217;nin entegre telekom\u00fcnikasyon hizmet sa\u011flay\u0131c\u0131s\u0131 olarak geni\u015f bir ba\u011fl\u0131 ortakl\u0131k a\u011f\u0131na sahiptir.<\/p>\n<ul>\n<li><b>Sahiplik Yap\u0131s\u0131:<\/b> 31 Mart 2026 itibar\u0131yla \u015eirket&#8217;in ana orta\u011f\u0131 ve kontrol g\u00fcc\u00fcne sahip kurulu\u015fu, <b>%61,68<\/b> pay oran\u0131yla <b>T\u00fcrkiye Varl\u0131k Fonu (TVF)<\/b>&#8216;dur. \u015eirket hisselerinin bir k\u0131sm\u0131 Borsa \u0130stanbul&#8217;da (TTKOM) i\u015flem g\u00f6rmektedir.<\/li>\n<li><b>Ba\u011fl\u0131 Ortakl\u0131klar:<\/b> Grup; TTNet (\u0130nternet), TT Mobil (GSM), Argela ve Innova (Bili\u015fim \u00c7\u00f6z\u00fcmleri), AssisTT (\u00c7a\u011fr\u0131 Merkezi) ve Sebit (E\u011fitim Teknolojileri) gibi kritik sekt\u00f6rlerde faaliyet g\u00f6steren %100 i\u015ftiraklere sahiptir. Ayr\u0131ca Avrupa ve Amerika&#8217;da yerle\u015fik uluslararas\u0131 operasyonlar\u0131 (TTINT Grup) bulunmaktad\u0131r.<\/li>\n<li><b>\u0130nsan Kaynaklar\u0131:<\/b> 31 Mart 2026 itibar\u0131yla toplam personel say\u0131s\u0131 <b>31.076<\/b>&#8216;d\u0131r. Bunun 8.241&#8217;i toplu i\u015f s\u00f6zle\u015fmesine ba\u011fl\u0131, 22.835&#8217;i ise toplu i\u015f s\u00f6zle\u015fmesine ba\u011fl\u0131 olmayan \u00e7al\u0131\u015fanlardan olu\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<h2>Stratejik Geli\u015fme: \u0130mtiyaz S\u00f6zle\u015fmesi Uzat\u0131m\u0131<\/h2>\n<p>\u015eirket&#8217;in faaliyetlerinin temelini olu\u015fturan BTK \u0130mtiyaz S\u00f6zle\u015fmesi&#8217;nde \u00f6nemli bir de\u011fi\u015fikli\u011fe gidilmi\u015ftir.<\/p>\n<ul>\n<li><b>Uzat\u0131m S\u00fcresi:<\/b> 27 \u015eubat 2026 tarihinde imzalanan s\u00f6zle\u015fme ile daha \u00f6nce 2026&#8217;da sona erecek olan imtiyaz s\u00fcresi, <b>28 \u015eubat 2050<\/b> tarihine kadar (24 y\u0131l) uzat\u0131lm\u0131\u015ft\u0131r.<\/li>\n<li><b>Mali Y\u00fck\u00fcml\u00fcl\u00fck:<\/b> Uzat\u0131m bedeli olarak BTK&#8217;ya toplam <b>2,5 milyar ABD Dolar\u0131<\/b> \u00f6denecektir.<\/li>\n<li><b>\u00d6deme Plan\u0131:<\/b> S\u00f6z konusu bedel, 2026 y\u0131l\u0131n\u0131n son i\u015f g\u00fcn\u00fcnden ba\u015flamak \u00fczere <b>10 y\u0131la yay\u0131lan<\/b> bir takvimle \u00f6denecektir. Bedele ili\u015fkin Katma De\u011fer Vergisi (KDV) Mart 2026 i\u00e7erisinde \u00f6denmi\u015ftir.<\/li>\n<li><b>Varl\u0131k Devri:<\/b> S\u00f6zle\u015fme sonunda t\u00fcm sistem te\u00e7hizat\u0131 ve kullan\u0131mdaki ta\u015f\u0131nmazlar bedelsiz olarak BTK&#8217;ya devredilecektir.<\/li>\n<\/ul>\n<h2>Finansal Performans Analizi (1 Ocak &#8211; 31 Mart 2026)<\/h2>\n<p>Grup&#8217;un finansal sonu\u00e7lar\u0131, TMS 29 uyar\u0131nca 31 Mart 2026 tarihindeki sat\u0131n alma g\u00fcc\u00fc esas\u0131na g\u00f6re d\u00fczeltilerek sunulmu\u015ftur.<\/p>\n<h3>Gelir ve K\u00e2rl\u0131l\u0131k \u00d6zeti<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem (Bin TL)<\/td>\n<td>1 Ocak &#8211; 31 Mart 2026<\/td>\n<td>1 Ocak &#8211; 31 Mart 2025<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat<\/b><\/td>\n<td>64.858.147<\/td>\n<td>59.671.004<\/td>\n<td>%8,7<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>26.934.238<\/td>\n<td>24.273.796<\/td>\n<td>%11,0<\/td>\n<\/tr>\n<tr>\n<td><b>Esas Faaliyet K\u00e2r\u0131<\/b><\/td>\n<td>12.415.060<\/td>\n<td>9.691.373<\/td>\n<td>%28,1<\/td>\n<\/tr>\n<tr>\n<td><b>Net D\u00f6nem K\u00e2r\u0131<\/b><\/td>\n<td>10.457.008<\/td>\n<td>6.719.013<\/td>\n<td>%55,6<\/td>\n<\/tr>\n<tr>\n<td><b>Hisse Ba\u015f\u0131na Kazan\u00e7 (Tam Kuru\u015f)<\/b><\/td>\n<td>2,9881<\/td>\n<td>1,9200<\/td>\n<td>%55,6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Operasyonel Giderler ve Di\u011fer Kalemler<\/h3>\n<ul>\n<li><b>Sat\u0131\u015flar\u0131n Maliyeti:<\/b> 37,9 milyar TL olarak ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li><b>Genel Y\u00f6netim Giderleri:<\/b> 7,8 milyar TL.<\/li>\n<li><b>Pazarlama, Sat\u0131\u015f ve Da\u011f\u0131t\u0131m:<\/b> 5,7 milyar TL.<\/li>\n<li><b>Net Parasal Kazan\u00e7:<\/b> Enflasyon muhasebesi uygulamas\u0131 sonucunda <b>13,99 milyar TL<\/b> parasal kazan\u00e7 kaydedilmi\u015ftir (\u00d6nceki y\u0131l: 7,75 milyar TL).<\/li>\n<li><b>Finansman Giderleri:<\/b> 13,2 milyar TL net finansman gideri ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<\/ul>\n<h2>Finansal Durum ve Bor\u00e7 Yap\u0131s\u0131<\/h2>\n<p>Grup&#8217;un bilan\u00e7o b\u00fcy\u00fckl\u00fc\u011f\u00fc, imtiyaz uzat\u0131m\u0131 ve yat\u0131r\u0131mlar\u0131n etkisiyle \u00f6nemli \u00f6l\u00e7\u00fcde artm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 601,5 milyar TL (31 Aral\u0131k 2025: 469,5 milyar TL).\n<ul>\n<li><b>Maddi Olmayan Duran Varl\u0131klar:<\/b> \u0130mtiyaz haklar\u0131ndaki art\u0131\u015fla birlikte 282,1 milyar TL&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<\/ul>\n<\/li>\n<li><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 357,9 milyar TL.<\/li>\n<li><b>Nakit ve Nakit Benzerleri:<\/b> 30,4 milyar TL (Likit fonlar dahil).<\/li>\n<\/ul>\n<h3>Finansal Bor\u00e7 Detaylar\u0131<\/h3>\n<p>Grup, faaliyetlerini ve yat\u0131r\u0131mlar\u0131n\u0131 finanse etmek i\u00e7in \u00e7e\u015fitli para birimlerinde bor\u00e7lanma yoluna gitmi\u015ftir:<\/p>\n<ul>\n<li><b>Banka Kredileri:<\/b> Toplam 58,9 milyar TL.\n<ul>\n<li>ABD Dolar\u0131 cinsinden de\u011fi\u015fken faizli krediler: 23,2 milyar TL kar\u015f\u0131l\u0131\u011f\u0131.<\/li>\n<li>Avro cinsinden de\u011fi\u015fken faizli krediler: 32,9 milyar TL kar\u015f\u0131l\u0131\u011f\u0131.<\/li>\n<\/ul>\n<\/li>\n<li><b>Vade Yap\u0131s\u0131:<\/b> Bor\u00e7lar\u0131n 16,3 milyar TL&#8217;si k\u0131sa vadeli, 42,6 milyar TL&#8217;si ise uzun vadeli banka kredilerinden olu\u015fmaktad\u0131r.<\/li>\n<\/ul>\n<h2>B\u00f6l\u00fcmsel Performans<\/h2>\n<p>Grup faaliyetlerini &#8220;Sabit Hat&#8221; ve &#8220;Mobil&#8221; olmak \u00fczere iki ana b\u00f6l\u00fcmde raporlamaktad\u0131r.<\/p>\n<ul>\n<li><b>Sabit Hat:<\/b> 42 milyar TL has\u0131lat ve 15,1 milyar TL konsolide FAV\u00d6K katk\u0131s\u0131 sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Mobil:<\/b> 25,9 milyar TL has\u0131lat ve 12,4 milyar TL konsolide FAV\u00d6K katk\u0131s\u0131 elde edilmi\u015ftir.<\/li>\n<li><b>Yat\u0131r\u0131m Harcamalar\u0131:<\/b> 2026&#8217;n\u0131n ilk \u00e7eyre\u011finde toplam <b>155,2 milyar TL<\/b> yat\u0131r\u0131m harcamas\u0131 yap\u0131lm\u0131\u015ft\u0131r (Bu tutar\u0131n b\u00fcy\u00fck k\u0131sm\u0131 imtiyaz s\u00f6zle\u015fmesi haklar\u0131yla ili\u015fkilidir).<\/li>\n<\/ul>\n<h2>Muhasebe Esaslar\u0131 ve Enflasyon Etkisi<\/h2>\n<p>Finansal tablolar, T\u00fcrkiye&#8217;nin y\u00fcksek enflasyonlu bir ekonomi olarak de\u011ferlendirilmesi nedeniyle <b>TMS 29 (Y\u00fcksek Enflasyonlu Ekonomilerde Finansal Raporlama)<\/b> standard\u0131na g\u00f6re haz\u0131rlanm\u0131\u015ft\u0131r.<\/p>\n<ul>\n<li><b>D\u00fczeltme Katsay\u0131lar\u0131:<\/b> Mart 2026 itibar\u0131yla katsay\u0131 1,0000 olarak al\u0131nm\u0131\u015f; Aral\u0131k 2025 verileri 1,1004 katsay\u0131s\u0131 ile g\u00fcncellenmi\u015ftir.<\/li>\n<li><b>Net Parasal Pozisyon:<\/b> \u015eirket&#8217;in parasal y\u00fck\u00fcml\u00fcl\u00fcklerinin parasal varl\u0131klar\u0131ndan fazla olmas\u0131, enflasyonist ortamda &#8220;Net Parasal Kazan\u00e7&#8221; olu\u015fmas\u0131n\u0131 sa\u011flam\u0131\u015ft\u0131r.<\/li>\n<li><b>Vergilendirme:<\/b> D\u00f6nem vergi gideri 1,9 milyar TL, ertelenmi\u015f vergi gideri ise 5,2 milyar TL olarak kaydedilmi\u015ftir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"2409\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>T\u00fcrk Telekom, 2026 y\u0131l\u0131n\u0131n ilk \u00e7eyre\u011finde finansal g\u00fcc\u00fcn\u00fc ve stratejik vizyonunu kan\u0131tlayan tarihi bir performans sergiledi<br \/>\n \u015eirket, net kar\u0131n\u0131 10,4 milyar TL seviyesine ta\u015f\u0131yarak yat\u0131r\u0131mc\u0131lar\u0131n\u0131 memnun ederken, T\u00fcrkiye&#8217;nin dijital altyap\u0131s\u0131 i\u00e7in d\u00f6n\u00fcm noktas\u0131 olan imtiyaz s\u00f6zle\u015fmesini 2050 y\u0131l\u0131na kadar uzatmay\u0131 ba\u015fard\u0131<br \/>\n,<br \/>\n \u00d6zellikle 5G lisans ihalesi ve imtiyaz haklar\u0131 i\u00e7in ayr\u0131lan 155 milyar TL&#8217;yi a\u015fk\u0131n yat\u0131r\u0131m b\u00fct\u00e7esi, T\u00fcrk Telekom&#8217;un gelecek vizyonunun ne kadar kapsaml\u0131 oldu\u011funu g\u00f6steriyor<br \/>\n G\u00fc\u00e7l\u00fc has\u0131lat art\u0131\u015f\u0131 ve operasyonel verimlilikle desteklenen bu sonu\u00e7lar, \u015firketin teknoloji liderli\u011fini peki\u015ftirdi\u011fini ortaya koyuyor<br \/>\n,<\/p>\n","protected":false},"author":2,"featured_media":1725,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[184],"class_list":["post-2409","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilancoanalizi","tag-ttkom"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2409"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2409\/revisions"}],"predecessor-version":[{"id":2410,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2409\/revisions\/2410"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1725"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}