KARACHI – Jazz, Pakistan’s leading telecom and digital services provider, has posted an impressive 15.3% year-on-year revenue growth in the second quarter of calendar year 2025, reflecting its continued leadership in both core telecom services and the expanding digital ecosystem.
The growth in local currency was largely driven by resilient mobile operations and a remarkable 35.7% surge in digital revenue, which now accounts for 28.1% of total revenue, up from 23.9% a year earlier.
EBITDA rose by 5.4%, with a solid margin of 41.6%, underscoring Jazz’s ongoing transformation into a Service Co. Capital expenditure reached PKR 16 billion in the quarter, part of a broader PKR 25.5 billion investment in the first half of 2025 aimed at strengthening Pakistan’s digital infrastructure.
This investment focuses on expanding 4G coverage, enhancing digital platforms, and advancing financial inclusion initiatives. The company’s flagship mobile financial service, JazzCash, now serves over 21 million monthly active users. In the past twelve months to Q2 2025, JazzCash processed a gross transaction value of PKR 11.7 trillion, supported by a network of 367,000 active merchants and nearly 107,000 active agents. The platform issues over 140,000 digital loans daily, accelerating the shift towards a cashless economy.
According to CEO Aamir Ibrahim, the Q2 results highlight both robust performance and a strong commitment to Pakistan’s digital future. He noted that investments in 4G, fintech, and digital innovation—alongside portfolio optimization measures such as the Deodar transaction—are creating the foundations for an inclusive, future-ready economy.
By the end of the quarter, Jazz’s total subscriber base had grown to 73.9 million, including 54.6 million 4G users, up 15.3% year-on-year, with 4G penetration reaching 73.9%. VoLTE users climbed to 32 million, while 5.22 million people used VoWiFi daily, ensuring high-quality voice calls even without traditional cellular coverage.