Pakistan Telecommunication Company Limited (PTCL), the country’s leading telecom and ICT services provider, has announced its consolidated financial results for the quarter ended March 31, 2026. PTCL Group sustained strong growth momentum, further strengthening its position as Pakistan’s leading integrated telecom and ICT services provider.

During the period, Pakistan Telecommunication Authority (PTA) has formally approved the proposed amalgamation of Pak Telecom Mobile Limited and Telenor Pakistan (Private) Limited. The proposed amalgamation shall be implemented through a scheme of arrangement in accordance with applicable laws. The change of control of Telenor Pakistan was formally completed on December 31, 2025, bringing Telenor Pakistan and its infrastructure under PTCL’s full ownership. Building on this, PTCL progressed integration planning during Q1 2026. This consolidation is set to create a stronger, more efficient telecom platform with enhanced nationwide coverage, improved service quality, and a significantly expanded customer base, positioning PTCL as one of the leading players in Pakistan’s evolving digital and connectivity landscape. Effective 1st January 2026, financial results of Telenor Pakistan have been consolidated in PTCL Group.

Financial Highlights 

PTCL Group

• Consolidated revenue increased by 58% year-on-year, with the inclusion of Telenor Pakistan results into the PTCL Group and aided by sustained growth in fixed broadband, enterprise, wholesale, and mobile services.

• Consolidated operating profit surged by 564% with the inclusion of Telenor Pakistan, strong recovery of Ubank, sustained improvement of Ufone financial performance and continuation of PTCL’s strong operating results. 

• The Group achieved a net profit of Rs. 3.1 billion, marking a turnaround from the net loss of Rs. 4 billion reported in the comparative period primarily as a result of strong operating profit.

Wireline segment

• PTCL revenue grew by 6.5% YoY, led by 27% growth in Flash Fiber and 11% growth in Business Solutions. Carrier and Wholesale business sustained growth momentum with 14% increase YOY.

• PTCL reported an operating profit of Rs. 4.6 billion, representing 11% growth, while net profit stood at Rs. 0.9 billion for the quarter.

Wireless segment

• Revenue increased by 131% year-on-year, by the inclusion of Telenor Pakistan results and growth in both retail and corporate segments.

• Operating profit of Rs. 14.1 billion, reflects an increase of 190% year-on-year with the inclusion of Telenor Pakistan and sustained improvement of Ufone financial performance. 

• Net profit of Rs. 2.7 billion against a net loss of Rs. 1.3 billion in a comparable period is due to strong operating results and consolidation of Telenor Pakistan.

Banking segment

• Ubank posted revenue of Rs. 5.8 billion, while its bottom line improved significantly compared to the prior period marking a strong recovery in banking operations.

Operational Highlights

As part of its transformation journey, PTCL Group achieved a major milestone in Q1 2026 by securing a significant share of spectrum in Pakistan’s landmark 5G auction, positioning it at the forefront of next-generation connectivity. The acquisition of high-capacity spectrum in globally recognized 3.5 GHz and 2.6 GHz bands enables PTCL Group to deliver ultra-fast speeds, low latency, and advanced digital services across consumer and enterprise segments. Importantly, this spectrum will be leveraged across the combined Ufone and Telenor Pakistan footprint following their ongoing integration, creating the largest spectrum portfolio in the country serving more than 72 Million customers. This positions PTCL Group to accelerate nationwide 5G rollout, enhance network efficiency, and unlock new digital use cases across industries, reinforcing its leadership in enabling Pakistan’s digital future.

PTCL introduced an enhanced Flash Fiber portfolio in Q1, with entry-level speeds starting from 30 Mbps. This move underscores a strategic focus on elevating baseline broadband experience standards, aligning customer offerings with evolving digital consumption needs. 

PTCL Group maintained a strong performance in Q1 2026 as it continued to strengthen brand visibility and audience engagement through strategic campaigns aligned with culture, community, and consumer relevance. On World Education Day, PTCL launched a purpose-led campaign with Shehzad Roy to highlight the pressure often placed on children in the name of academic success, encouraging a more balanced and empathetic approach to learning through a national pledge initiative.

The Business Solutions segment sustained strong performance, with continued demand for ICT services, including cloud, data centers, managed services, and cybersecurity solutions. PTCL further strengthened its position as a trusted partner for government and enterprise customers.

Ufone also rolled out the Super 5 campaign, featuring Babar Azam, to reinforce its “Data Bohhaaat Hai” positioning through a shared connectivity proposition designed for up to five users. The campaign delivered strong traction, generating more than 91 million impressions, 15 million reach, and 10 million views. Ufone further strengthened its brand presence during the Pakistan Super League through its Peshawar Zalmi campaign, using anthem-led content, branded integrations, and fan engagement experiences to deepen cultural relevance and consumer affinity.

In Q1, 2026, Ufone continued its positive trajectory as market leader in digital recharge penetration with growth of 11% YoY in the digitally topped up value. Digital sim sales also registered a significant growth of 21% YoY. Both of these achievements were supported by company owned digital channels ‘selfcare app’, ‘website’ & ‘bot’ as well as with the collaboration of Ufone’s wide digital partner network.

Upaisa’s posted a solid 42% year on year growth, driven by effective customer acquisition and deeper wallet penetration.

Telenor Pakistan’s Retail revenue grew on the back of ARPU growth and increased customer engagement on larger data bundles with higher validity. During Q1, the Subscriber base grew by 1.7% with a high emphasis on good quality, data active customers. Focus on new customer segment through Gaming SIM, helped increase and retain high value customers.

Digitization remained a key focus area, with My Telenor App penetration continuing to rise steadily. A major redesign of the app user interface was delivered for improved customer experience, contributing to an 18% YoY increase in app user base. In parallel, multiple initiatives on digital distribution continued resulting in 34% YoY increase in digital recharge. Expansion of digitalization on Customer Care was supported with launch of the Whatsapp Chat Channel which helped improve digital customer experience and complaint resolution.

Telenor Pakistan successfully executed world’s largest single-go migration of entire provisioned customer base to a cloud based, 5G-enabled Charging and Billing System, unlocking 100+ APIs for a faster & more scalable digital foundation. AI Adoption remained a cornerstone of our strategy by showcasing AI‑enabled startups at Indus AI Week 2026 and launching AI Seekho in collaboration with Google and public‑sector partners to democratize AI learning nationwide.

Social Impact

During the quarter, PTCL advanced its social impact agenda through multiple initiatives focused on inclusion, public health, and basic needs. Under the Ba-Ikhtiar program, trainings were initiated across 22 districts, onboarding around 2,100 women for digital and entrepreneurial skill development. 

In collaboration with UNICEF, SMS broadcasts were deployed for polio awareness, while similar outreach support was extended to charitable organisations during Ramadan in line with their awareness and humanitarian campaigns. Alongside these efforts, PTCL’s Water Project remains under implementation across South Punjab and Thar, aimed at providing sustainable access to clean drinking water to approximately 150,000 people in water-stressed regions.

Telenor Pakistan partnered with UNICEF Pakistan to conduct Child Online Protection sessions. Strategic partnership with Four Brothers Group, is bringing digital advisory services to the agricultural community for sustainable farming. An industry‑first QR‑enabled SmartShop initiative is converting retail outlets into digital service points. Telenor Pakistan’s Global recognition at the GDEIB Awards 2026 and the HR Metrics DEI Survey, affirm Telenor Pakistan’s serving as a benchmark for inclusive, future-ready workplaces.

Financial Highlights
• Group revenue increased by 15% on a YoY basis, driven by strong growth in fixed broadband, mobile data, enterprise, and carrier wholesale services.
• PTCL revenue grew by 13% YoY, led by 56% growth in Flash Fiber and 17% growth in Business Solutions compared to the same period last year.
• Carrier and Wholesale business maintained its momentum with 24% growth. The international segment also recorded a YoY revenue increase of 6%.
• PTCL’s operating profit reached Rs. 12.9 billion, up 57% over YTD 2024 and posted a net loss of Rs. 1.2 billion primarily due to one-off booking of additional pension liability amounting to Rs. 5.9 billion pursuant to the decision of the Honourable Supreme Court of Pakistan.
• Ufone 4G posted YoY topline growth of 15%, demonstrating resilience across commercial and operational areas.
• Sustained topline growth, together with ongoing cost optimisation initiatives, enabled Ufone to deliver a strong EBIT of Rs. 11.9 billion compared to Rs. 1.6 billion in YTD 2024.
• U Microfinance Bank (Ubank) recorded 19% YoY revenue growth.

PTCL Group Highlights

The Competition Commission of Pakistan granted Phase-II approval for the proposed acquisition of Telenor Pakistan by PTCL, marking an important milestone in the consolidation of the telecom sector. This milestone strengthens PTCL Group’s position in the industry, further driving connectivity, expanding digital access, and contributing to the Government’s vision of a digitally empowered Pakistan.
PTCL Flash Fiber continued to lead the market as the fastest-growing fiber broadband operator, achieving year-on-year growth of around 30% and maintaining the highest subscriber market share at 35%. The company also introduced the Tez Raftaar offer, providing high-speed internet at a discounted rate to enhance access for homes and businesses nationwide.

PTCL’s business services segment maintained its leadership position across IP bandwidth, Cloud, Data Center, and ICT solutions, further strengthening Pakistan’s position as a regional connectivity hub.
During Q3 2025, PTCL sealed a landmark Trans-Pakistan connectivity agreement with leading Chinese operators, strengthening east-west digital trade routes. In addition, PTCL also achieved a major milestone by executing wet segment capacity sales from Singapore to Marseille through submarine cable partnerships, underscoring Pakistan’s growing role in global digital infrastructure.
The Enterprise business expanded into new verticals such as FinTech, securing significant wins. Trakker and IoT solutions gained momentum, while major M2M deals were closed with government customers.
PTCL experienced strong growth in IP bandwidth and managed capacity penetration within the Wholesale segment, boosting the adoption of emerging digital services such as Content Delivery Networks. Strategic partnerships were formed with major CMOs for IP bandwidth and satellite-based connectivity across Pakistan, particularly in AJK and GB, including a landmark alliance with a leading satellite provider to expand broadband access nationwide.

PTCL has delivered Pakistan’s first 5G-ready smart residential community, combining seamless connectivity with modern living to enable future-ready digital lifestyles. This milestone showcases PTCL’s ability to adapt global technologies for transformative customer experiences and advance the Digital Pakistan vision. Significant projects were also secured with leading financial institutions and public sector clients in ICT and core services.

As part of its innovation journey, PTCL became the first in the industry to launch automated bill delivery via WhatsApp, enabling customers to receive their monthly bills directly and conveniently.

The Company also partnered with Mercantile, Apple’s authorised distributor in Pakistan, to launch the iPhone 17 series bundled with exclusive offers on Ufone and PTCL Flash Fiber services in Karachi, Lahore, and Islamabad. The partnership offers official, warranty-backed devices with extended warranties, instant insurance coverage, and bundled telecom benefits, providing customers with premium connectivity and an enhanced digital experience in line with PTCL Group’s commitment to delivering modern and reliable services.

Ufone sustained its growth trajectory, achieving a 5.9 percentage-point increase in 4G base penetration to reach 69.2% in September 2025. The company also advanced its network modernisation by phasing out 44% of its 3G network and reallocating spectrum resources to strengthen 4G and VoLTE performance.
The Group’s digital and financial services portfolio delivered strong momentum. UPaisa recorded 1.2 million monthly active users, reflecting approximately 153% year-on-year growth, while the My Ufone app reached 5.4 million monthly active users, up 65%. Ufone also maintained its leadership in digital recharge penetration.
Building on our success at the Pakistan Digital Awards and Effie Pakistan, PTCL Group has added another milestone by winning four prestigious honours at the Dragons of Pakistan 2025 Awards. The Group earned a Gold Award for ‘Dil Se’ initiative: Thar Water Plants, a Bronze Award for ‘Data Bohhaaat Hai x PSL’, and two Black Awards for ‘Hockey Hai Pakistan Ki Shaan’ and ‘Data Bohhaaat Hai Weekly Grand Offer’. These campaigns celebrated Pakistan’s spirit, creative excellence and consistent focus on meaningful communication that connects with audiences across Pakistan. Each initiative reflects the purpose and passion that continue to guide PTCL Group’s work.

Social Impact: ‘Dil Se’ Initiatives Making a Difference

Under its flagship social impact platform ‘Dil Se’, PTCL Group continues to drive meaningful change by forging strategic partnerships and delivering community-focused programs that promote socioeconomic inclusion, empowerment, and connectivity nationwide.

Following the success of the first phase of the ‘Ba-Ikhtiar’ program, PTCL Group renewed its partnership with the Pakistan Poverty Alleviation Fund (PPAF) to launch the second phase of the initiative for the economic and digital integration of small-scale women entrepreneurs. The Group has initiated a nationwide registration drive for the expanded program. The rollout will begin with the Christian community in Rawalpindi and the Kalash community in Chitral KP, before expanding to 23 cities across Pakistan to support women entrepreneurs through digital and financial enablement.

PTCL Group is further expanding its partnership with PPAF to address other vital aspects of community well-being. The institutions have signed another MoU to provide access to clean drinking water in underserved regions of Thar and South Punjab through solutions such as reverse osmosis systems, rainwater harvesting plants, and hand pumps, which will benefit over 200,000 people.

Additionally, PTCL Group demonstrated operational resilience following the recent floods that affected several regions of Pakistan. Ufone 4G provided free call minutes in the most impacted districts to help people contact emergency services and their families, while PTCL extended bill discounts on Fixed Broadband services to affected customers. These initiatives reflect the Group’s commitment to community welfare and its role as a trusted connectivity partner during times of crisis.

PTCL Group also introduced SUNO, an AI-powered early warning system developed in partnership with ConnectHear to support the deaf and hard-of-hearing community during emergencies and natural disasters. The system delivers sign language video alerts via Ufone’s WhatsApp platform, ensuring timely and accessible communication free of cost. This initiative represents PTCL Group’s ongoing effort to promote inclusion and public safety through technology.