PTCL Group swings to a Rs4.7 billion profit as Telenor joins its mobile arm
PTCL Group made a profit after tax of Rs4.73 billion in the nine months to September, against a loss of Rs11.18 billion a year earlier. The third quarter on its own added just Rs62 million.
PTCL Group turned a nine month loss of Rs11.18 billion into a profit after tax of Rs4.73 billion in the nine months to 30 September, as the merger of Telenor Pakistan into its mobile arm lifted revenue by 62 percent. The group announced the unaudited results on 22 October. Earnings were Rs0.93 a share, against a loss of Rs2.19 a share a year earlier.
Consolidated revenue reached Rs304.4 billion, up from Rs188.3 billion in the same period of 2025. PTCL said the growth came from fixed broadband, enterprise and wholesale services, and from mobile after Ufone and Telenor Pakistan were brought together under Pak Telecom Mobile Limited, or PTML. Consolidated operating profit grew 181 percent.
Mobile after the Telenor merger
PTML, which trades as Ufone 5G, raised revenue by 139 percent, largely because Telenor Pakistan is now consolidated. Its operating profit was Rs33.5 billion, up 181 percent. The mobile arm added 1.5 million subscribers in the third quarter and now has more than 76 million. By the end of September, network integration had reached 25 districts, and 5G had expanded across major cities.
Fixed line and Ubank
PTCL on its own grew revenue 9 percent to Rs97.3 billion. Flash Fiber revenue rose 26 percent, Business Solutions 15 percent, carrier and wholesale services 13 percent and international business 11 percent. During the period PTCL also launched the Azadi Offer, a limited period package of 100 Mbps Flash Fiber with an IPTV set top box. PTCL reported an operating profit of Rs11 billion and a net profit of Rs3 billion, against a loss of Rs1.2 billion a year before.
Ubank, the group's bank, earned revenue of Rs18.3 billion and moved to an operating profit from an operating loss in the same period of 2025. Its bottom line improved by 84 percent.
A quiet third quarter
The quarterly figures are far smaller than the nine month total. Consolidated revenue for the three months to September was Rs102.7 billion, up from Rs63.7 billion, but profit after tax was only Rs62 million, or Rs0.01 a share. In the same quarter of 2025 the group lost Rs1.28 billion.
The first quarter did most of the work. PTCL Group reported a profit of Rs3.1 billion for the three months to 31 March, reversing a loss of Rs4 billion a year earlier, and that quarter alone made up about two thirds of the nine month profit.
The board recommended no cash dividend, bonus shares or right shares.
