Summary Info
Board of Directors' Resolution for Profit Distribution
Update Notification Flag
No
Correction Notification Flag
No
Postponed Notification Flag
No
Decision Date
26.03.2025
Type of Cash Dividend Payment
Cash Dividend Will Not Be Paid
Stock Dividend
Will Not Be Paid
Cash Dividend Payment Amount and Rates
Share Group Info
Payment
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Gross (%)
Withholding Rate (%)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (TL)
Cash Dividend To Be Paid For Share With Par Value of 1 TL - Net (%)
A Grubu, İşlem Görmüyor, TRETTLK00021
0,0000000
0
0
0,0000000
0
B Grubu, İşlem Görmüyor, TRETTLK00039
0,0000000
0
0
0,0000000
0
C Grubu, İşlem Görmüyor, TRETTLK00047
0,0000000
0
0
0,0000000
0
D Grubu, TTKOM, TRETTLK00013
0,0000000
0
0
0,0000000
0
Amount and Rate of Cash Dividend Stock Dividend Payment
Share Group Info
Amount of Stock Dividend (TL)
Rate of Stock Dividend (%)
A Grubu, İşlem Görmüyor, TRETTLK00021
0
0
B Grubu, İşlem Görmüyor, TRETTLK00039
0
0
C Grubu, İşlem Görmüyor, TRETTLK00047
0
0
D Grubu, TTKOM, TRETTLK00013
0
0
Additional Explanations
Prioritising its strategic goals and the necessary investments to sustain its technological leadership, Türk Telekom, the leading integrated telecommunications company, maintains a healthy liquidity and investment balance as well as a strong balance sheet as it continues its operations. Our Board of Directors resolved to propose at the 2024 Ordinary General Assembly that Türk Telekom pays no dividend out of 2024 earnings. The decision considers our Company's debt maturity profile, investment and liquidity required for the 5G tender, 5G rollout, and the fixed line concession renewal process.
Subject to the approval in the Company's 2024 Ordinary General Assembly Meeting, it has been concluded that:
1- The Company's net profit calculated based on the independently audited consolidated financial tables prepared in accordance with the provisions of the "Capital Markets Board (CMB) Communique About Financial Reporting in Capital Markets No.II-14.1" is TL 8,456,145,000 for the fiscal year of 2024.
2- Pursuant to the CMB Communique on Dividends No: II-19.1, TL 8,456,145,000 of profit after tax shall be the base amount for dividend distribution,
3- The Company is not required to take any reserves for 2024 as per the Article 519 of Turkish Commercial Code because it has already reached the general legal reserve limit,
4- Accordingly, the Company is allowed to make a proposal, subject to the provisions of its Articles of Association, that the net profit amounting to TL 8,456,145,000 shall be recorded as extraordinary reserves.
Supplementary Documents
Appendix: 1
TÜRK TELEKOMÜNİKASYON A.Ş. 2024 Yılı Kar Dağıtım Tablosu.pdf
Appendix: 2
TÜRK TELEKOMÜNİKASYON A.Ş. 2024 Dividend Distribution Table.pdf
DIVIDEND DISTRIBUTION TABLE
TÜRK TELEKOMÜNİKASYON A.Ş. 01.01.2024/31.12.2024 Period Dividend Payment Table (TL)
1.Paid-In / Issued Capital
3.500.000.000
2. Total Legal Reserves (According to Legal Records)
6.478.526.172
*
Based on CMB Regulations
Based on Legal Records
3. Current Period Profit
24.654.743.000
4. Taxes Payable (-)
16.198.598.000
5. Net Current Period Profit
8.456.145.000
6. Losses in Previous Years (-)
0
7. Primary Legal Reserve (-)
0
8. Net Distributable Current Period Profit
8.456.145.000
Dividend Advance Distributed (-)
Dividend Advance Less Net Distributable Current Period Profit
9. Donations Made During The Year ( + )
1.627.838.125
10. Donation-Added Net Distributable Current Period Profit on which First Dividend Is Calculated
10.083.983.125
11. First Dividend to Shareholders
* Cash
0
* Stock
12. Dividend Distributed to Owners of Privileged Shares
0
13. Other Dividend Distributed
0
* To the Employees
* To the Members of the Board of Directors
* To Non-Shareholders
14. Dividend to Owners of Redeemed Shares
0
15. Second Dividend to Shareholders
0
16. Secondary Legal Reserves
0
17. Statutory Reserves
0
18. Special Reserves
0
19. Extraordinary Reserves
8.456.145.000
20. Other Distributable Resources