PTCL posts Rs9.7b consolidated loss

ISLAMABAD:

Pakistan Telecommunication Company Limited (PTCL) has announced that its consolidated revenue for the year ended December 31, 2025 increased by 12%, driven by strong performance in fixed broadband, enterprise, wholesale and mobile services.

The company’s consolidated operating profit grew by 216% year-on-year (YoY), underscoring strong operational performance. For the year, however, a net loss of Rs9.7 billion was recorded, primarily driven by accelerated expected credit loss (ECL) provisioning at Ubank following revisions to Prudential Regulations.

PTCL’s revenue grew by 12% YoY, led by a 50% growth in Flash Fibre and a 16% growth in Business Solutions compared to last year. The carrier and wholesale business maintained momentum with a 28% growth. The international segment also recorded a YoY revenue increase of 3%.

PTCL’s operating profit reached Rs18.2 billion, up 49% YoY, and it posted a net profit of Rs1.4 billion despite one-off booking of additional pension liability amounting to Rs6.9 billion pursuant to a decision of the Supreme Court of Pakistan.

Ufone’s revenue grew by 14% YoY, driven by retail & corporate segments. The mobile firm’s operating profit reached Rs17.6 billion, with a 283% YoY growth, while net loss decreased significantly by 89%.

PTCL achieved a milestone with the acquisition of Telenor Pakistan, following receipt of all requisite regulatory approvals. The transaction was formally completed on December 31, 2025. However, the operational results of Telenor Pakistan will be consolidated from January 1, 2026.

With Telenor Pakistan and Orion Towers now operating as wholly owned subsidiaries, the transaction represents one of Pakistan’s most significant telecom consolidations. PTCL has since progressed towards the planned amalgamation of Telenor Pakistan and Ufone, subject to regulatory approvals.

The integration is designed to enhance nationwide network coverage, improve operational efficiencies, strengthen market competitiveness and support the group’s long-term strategic priorities across connectivity and digital services.

PTCL Flash Fibre continued to lead the fibre broadband market across Pakistan, achieving 50% YoY growth and maintaining the highest subscriber market share at 33%. The introduction of ‘Tez Raftaar’ offers expanded access to affordable high-speed internet, improving customer experience and supporting wider digital adoption.

Digital services, including UPaisa, delivered a strong performance in FY 2025, with its 30-day active user base exceeding 1.5 million.

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