PTCL Group Delivers Robust Financial Performance with 62% YoY Topline Growth

Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its financial results for the nine months ended September 30, 2026, at a Board of Directors meeting held in Islamabad. The Group maintained strong growth momentum during the third quarter of 2026, along with continued growth across its fixed, enterprise and mobile businesses.

Key Financial Highlights

1. Consolidated revenue grew by 62% YoY, primarily driven by sustained growth in the fixed broadband, enterprise and wholesale segments, along with strong mobile segment performance following the successful amalgamation of Ufone and Telenor under PTML.
2. Consolidated operating profit grew by 181% YoY, while net profit reached Rs. 4.7 billion, reflecting the benefits of the successful amalgamation, coupled with continued operational efficiencies and revenue growth.
3. PTCL revenue grew by 9% YoY, driven by a 26% increase in Flash Fiber revenue and a 15% growth in Business Solutions, supported by 13% growth in Carrier & Wholesale services while international business revenue has increased by 11% YoY.
4. PTCL posted operating profit of Rs. 11 billion and reported net profit of Rs. 3 billion, reflecting a 343% YoY improvement.
5. Mobile business (PTML) revenue increased by 139% year-on-year (YoY), driven by the consolidation of Telenor Pakistan following the amalgamation, along with continued growth across the Corporate and Retail segments.
6. PTML reported an operating profit of Rs. 33.5 billion, representing a 181% YoY increase, reflecting the positive impact of the Telenor Pakistan amalgamation, together with higher revenues and improved operating performance.
7. Ubank generated revenue of Rs. 18.3 billion and reported operating profit during the period, compared to operating loss in the corresponding period last year, reflecting an improvement in its operating performance. The Bank’s bottom line also improved by 84% compared to the prior period, indicating a continued recovery in its financial performance.

Strengthening Fixed-Line and Enterprise Leadership

During the quarter, PTCL continued to enhance its consumer offerings and strengthen its position in the fixed broadband market.

The company launched its limited-period Azadi Offer, combining 100 Mbps Flash Fiber connectivity with an IPTV set-top box. PTCL also partnered with Mercantile, an Apple-authorized distributor, to introduce the iPhone 18 in Pakistan alongside an exclusive Flash Fiber bundle.

The Business Solutions segment maintained strong momentum, driven by growing demand for ICT services, cloud solutions, on-premises AI infrastructure, cybersecurity, managed services and data center offerings, alongside core connectivity services.

PTCL also retained its leadership in submarine connectivity, IP bandwidth and domestic bandwidth services for carrier customers, strengthening its role in supporting Pakistan’s digital infrastructure and the evolving connectivity needs of businesses and service providers.

Accelerating Mobile Business Integration and Growth

The addition of 1.5 million subscribers in Q3 drove revenue growth, taking PTML’s subscriber base to over 76 million. The sustained ARPU expansion supported by portfolio harmonization, usage growth and network integration also contributed to the growth. PTML also expanded its 5G footprint across major cities, while network integration progressed across 25 districts by quarter-end.

Going forward, PTML plans to prioritize nationwide network consolidation, 5G expansion, network quality, digital capabilities and customer experience to strengthen competitiveness and drive sustainable growth. Digital offerings were further enhanced through family-sharing bundles for all subscribers and new self-service features.

Driving Sustainable Social Progress & Digital Inclusion

PTCL Group continued to advance its digital inclusion and social impact initiatives during the quarter.

Under the Ba-Ikhtiar programme, 2,100 women across 22 districts completed training in digital marketing, e-commerce and digital financial literacy, delivered by U Bank. Beneficiaries received Ufone 5G SIMs with free connectivity and UPaisa wallets. Women entrepreneurs also showcased their achievements at a provincial conference on women’s inclusion in Baluchistan, promoting economic empowerment.

PTCL signed an MoU with ConnectHear to deploy SILA, an AI-powered sign language solution, at selected customer service centres in Karachi, Lahore and Islamabad, improving accessibility for customers with hearing disabilities, with potential for expansion.

PTML partnered with the United Nations’ Polio Eradication Initiative, operated by UNICEF through the National Emergency Operations Centre (NEOC), to provide GSM connectivity to frontline healthcare workers nationwide.

Recognizing Excellence in Brand Building and Communications

PTCL’s Pakistan Jitna Jawan Independence Day campaign celebrated the company’s evolution alongside Pakistan over 79 years, highlighting its transformation into an integrated ICT provider. At Dragons of Pakistan 2026, PTCL secured five awards, including one Silver, one Bronze and three Black Dragons, recognizing its work across brand marketing and social impact.

During the quarter, PTML continued integrated brand campaigns highlighting wider coverage and faster speeds. Consumer engagement was strengthened through the iPhone 18 launch. At Dragons of Pakistan 2026, Ufone and Telenor Pakistan won nine awards, including two Gold, two Silver and five Black Dragons for their campaigns across marketing, PR, media, digital and content creation.

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