Türk Telekomünikasyon Anonim Sirketi (TRKNY) Q4 2025 Earnings Call Prepared Remarks Transcript

SA Transcripts158.83K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Türk Telekomünikasyon Anonim Sirketi (TRKNY) Q4 2025 Earnings Call March 5, 2026 9:00 AM EST Company Participants Omer Karademir Presentation Operator Ladies and gentlemen, thank you for standing by. I'm Costantino, your Chorus Call operator. Welcome, and thank you for joining the Turk Telekom conference call and live webcast to present and discuss the full year 2025 and fourth quarter financial and operational results. [Operator Instructions] The conference is being recorded. [Operator Instructions] We are here with the management team, and today's speaker is Omer Karademir, CFO. Before starting, I kindly remind you to review the disclaimer on the earnings presentation. Now I would like to turn the conference over to Mr. Omer Karademir, CFO. Sir, you may now proceed.

Omer Karademir Hello, everyone. Welcome to our 2025 fourth quarter and year-end results conference call. Thank you for joining us today. Global markets in Q4 '25 were shaped by U.S. tariffs and countermeasures from China and other countries. The Fed delivered a limited 25 basis points cut in December, signaling a cautious easing path for 2026. The military operation launched by the U.S. and Israel against Iran in late February introduced upside risk to energy supply and oil prices, adding further risk to the 2026 global inflation outlook. On the domestic front, the inflation has gained momentum in 2025. The CBRT cut its policy rate by 100 basis points in October and 150 basis points in December, bringing it down to 38%. In December, monthly CPI came in at 0.9% with annual inflation falling to 20.9%, the lowest level of the year. In February 2026, annual inflation stood at 31.5%, in line with expectations. 2026 year-end inflation expectation in the February 2026 survey of market participants stood at 24.1%, while CBRT revised its forecast range upwards from 13% to 19% to 15% to 21%. We closed another challenging year with a set of outstanding