Pakistan Telecommunication Company Limited (PTCL) Group reported strong financial results for the first half of 2026, posting a 62 percent year-on-year increase in consolidated revenue, driven by growth in its fixed broadband, enterprise, and mobile businesses, as well as the successful amalgamation of Ufone and Telenor Pakistan under Pak Telecom Mobile Limited (PTML).
The financial results were approved during a meeting of the company’s Board of Directors held in Islamabad.
PTCL Group’s consolidated operating profit surged 226 percent year-on-year, while net profit reached Rs. 4.7 billion, reflecting higher revenues, operational efficiencies, and the positive impact of the telecom merger.
PTCL’s standalone revenue increased 8 percent compared with the same period last year, supported by a 27 percent rise in Flash Fiber revenue, 13 percent growth in Business Solutions, 16 percent growth in Carrier & Wholesale services, and a 3 percent increase in international business revenue.
The company reported an operating profit of Rs. 8.5 billion, while net profit climbed to Rs. 3.6 billion, representing a 211 percent improvement year-on-year. The earnings were also supported by a Rs. 2 billion dividend received from its wireless business.
The mobile business, operating under PTML, recorded a 138 percent increase in revenue following the consolidation of Telenor Pakistan. PTML posted an operating profit of Rs. 23.1 billion, up 203 percent from a year earlier, driven by higher revenues and improved operational performance.
Meanwhile, Ubank generated Rs. 12.3 billion in revenue and returned to operating profitability during the period. The bank also improved its bottom line by 85 percent compared with the corresponding period last year.
On the operational front, PTCL completed the merger of Ufone and Telenor Pakistan during the second quarter of 2026, creating one of Pakistan’s largest telecom operators. The combined business brings together expanded spectrum assets, nationwide network infrastructure, and a customer base of more than 74 million subscribers.
PTCL also crossed 900,000 Flash Fiber subscribers, strengthening its position as Pakistan’s largest fiber broadband provider as demand for high-speed internet services continued to grow.
The company expanded its digital offerings through partnerships with Apple’s authorized distributor Mercantile and smart home solutions provider Okasha, introducing bundled broadband packages and connected home products.
PTCL’s Business Solutions division continued to benefit from increasing demand for cloud computing, artificial intelligence infrastructure, cybersecurity, managed services, and data center solutions from enterprise and government clients.
Following its successful acquisition of additional spectrum during Pakistan’s 5G auction earlier this year, PTML also initiated the rollout of 5G services while continuing network integration across the combined mobile business.
The company reported continued progress in digital adoption, with digital recharge penetration reaching 59 percent. Monthly active users of the My Telenor and UPTCL mobile applications also increased by 10 percent and 17 percent, respectively.
Beyond its commercial performance, PTCL highlighted several social impact initiatives during the first half of the year, including a nationwide postpartum depression awareness campaign in partnership with Oladoc, women’s digital skills training under the Ba-Ikhtiar programme, UNICEF-supported polio awareness campaigns, clean drinking water projects in South Punjab and Thar, and internet safety awareness sessions conducted in collaboration with the Telecom Foundation.
