Telecom operator posts strong turnaround as revenue exceeds Rs200 billion and operating profit more than triples
KARACHI: Pakistan Telecommunication Company Limited (PTCL) returned to profitability during the first half of 2026, posting a consolidated net profit of Rs4.67 billion compared with a net loss of Rs9.89 billion in the corresponding period last year.
According to the consolidated financial statements submitted to the Pakistan Stock Exchange (PSX) on 28 July 2026, the telecom operator reported earnings per share (EPS) of Rs0.92 for the six-month period ended 30 June 2026, compared with a loss per share of Rs1.94 in the same period of 2025.
The company’s Board of Directors, which met on 28 July 2026, did not recommend a cash dividend, bonus issue, right shares or any other entitlement for shareholders.
Revenue exceeds Rs200 billion
PTCL recorded consolidated revenue of Rs201.68 billion during the first six months of 2026, representing a substantial increase from Rs124.60 billion in the corresponding period of 2025.
The company attributed the growth to stronger business operations across its telecommunications services.
Cost of services also increased to Rs129.78 billion, compared with Rs83.82 billion a year earlier, reflecting higher operating costs associated with expanded business activities.
Despite the increase in costs, gross profit rose sharply to Rs71.88 billion, up from Rs40.78 billion in the same period last year.
Operating profit more than triples
Administrative expenses increased to Rs29.81 billion during the first half of 2026, compared with Rs16.74 billion in the corresponding period of 2025.
However, robust revenue growth more than offset the rise in operating expenses, enabling PTCL to significantly improve its financial performance.
The company reported operating profit of Rs32.00 billion, more than three times higher than the Rs9.83 billion recorded in the first half of the previous year.
Quarterly earnings also improve
For the quarter ended 30 June 2026, PTCL posted a net profit of Rs1.60 billion, reversing a net loss of Rs5.93 billion reported in the corresponding quarter of 2025.
The stronger quarterly performance played a key role in the company’s return to profitability during the first half of the year, supported by higher revenues and improved operating earnings.
Outlook
The latest financial results underline a significant improvement in PTCL’s financial position, with the company successfully reversing last year’s losses and delivering positive earnings amid continued expansion in Pakistan’s telecommunications sector.
The sharp increase in revenue, coupled with stronger operating profitability, reflects improved business momentum and positions PTCL for sustained growth as demand for digital connectivity and telecommunications services continues to strengthen.