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

Pakistan Telecommunication Company Limited (PTCL) reported strong financial results for the third quarter of 2026, with consolidated revenue growing by 62% year-over-year. This growth was primarily driven by increased revenue in fixed broadband, enterprise, and wholesale segments, as well as mobile segment performance following the merger of Ufone and Telenor under PTML.

Consolidated operating profit surged by 181% year-over-year, while net profit reached Rs. 4.7 billion, reflecting the benefits of the successful merger, operational efficiencies, and revenue growth. PTCL's revenue increased by 9% year-over-year, with a significant 26% rise in Flash Fiber revenue and a 15% growth in Business Solutions.

The company's carrier and wholesale services experienced a 13% growth. PTCL's mobile business, now known as PTML, saw a remarkable 139% YoY revenue increase, driven by the consolidation of Telenor Pakistan and continued growth in corporate and retail segments. PTML's operating profit rose by 181% year-over-year, aided by the positive impact of the Telenor Pakistan merger and higher revenues.

Ubank also reported improved financial performance, generating Rs. 18.3 billion in revenue and an 84% increase in operating profit compared to the previous year. PTCL continued to strengthen its fixed-line and enterprise leadership, enhancing consumer offerings and expanding its role in Pakistan's digital infrastructure. The company launched the Azadi Offer, combining 100 Mbps Flash Fiber connectivity with an IPTV set-top box, and partnered with Mercantile to introduce the iPhone 18 in Pakistan.

PTML's mobile business experienced strong growth, adding 1.5 million subscribers in Q3, bringing the subscriber base to over 76 million. The company expanded its 5G footprint and network integration across major cities and districts, planning to prioritize nationwide network consolidation, 5G expansion, and digital capabilities to maintain competitiveness and drive sustainable growth.

PTCL also advanced its digital inclusion and social impact initiatives, including the Ba-Ikhtiar program, which trained 2,100 women in digital marketing, e-commerce, and financial literacy, and signed an MoU with ConnectHear to deploy an AI-powered sign language solution for improved accessibility for hearing-impaired customers.