PTCL loss nears Rs10bn in H1 2025

August 28, 2025 (MLN): Pakistan Telecommunication Company Limited (PSX: PTC) informed its financial results for the six months ended June 30, 2025, reporting a significant increase in its consolidated operating profit but a widening net loss, driven primarily by a massive impairment loss on financial assets.

The company posted a net loss of Rs9.90 billion, reflecting an 11.06% increase from the net loss of Rs8.91bn recorded in the same period last year.

The loss per share for the half-year stood at Rs1.94, up from Rs1.75 in the corresponding period of 2024.

Despite the bottom-line result, the company’s top-line performance showed robust growth. Revenue for the period rose by an impressive 16.13% to Rs124.60bn, compared to Rs107.29bn in the first half of 2024.

The cost of services also saw a modest increase of 1.47% to Rs83.82bn. As a result, gross profit surged by 65.19% year-on-year to Rs40.78bn.

Operating expenses continued their upward trend, with administrative and general expenses climbing 10.97% to Rs16.74bn, and selling and marketing expenses rising 13.22% to Rs7.33bn.

The company’s operating profit reached Rs9.83bn, marking a remarkable 438.94% increase from Rs1.82bn last year.

The positive operational performance, however, was overshadowed by significant non-operational items. Other income, which often provides a boost to the bottom line, declined by 22.76% to Rs8.84bn.

The most notable factor was an impairment loss on financial assets, which soared by 426.47% to Rs6.89bn, significantly impacting the company's profitability. Finance and other costs remained substantial, inching up to Rs25.48bn.

After accounting for these factors, the loss before tax narrowed by 5.74% to Rs12.71bn, compared to a loss of Rs13.48bn last year.

Taxation for the period was a credit of Rs2.81bn, down 38.50% from the previous year, which helped to partially offset the losses.

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