PTCL swings to Rs1bn loss despite revenue growth

October 21, 2025 (MLN): Pakistan Telecommunication Company Ltd (PSX: PTC) has revealed its financial results for the nine months ended September 30, 2025, posting a loss after tax of Rs1.22bn, compared to a profit of Rs999.98m in the same period last year (SPLY).

The loss per share stood at Rs0.24, down from earnings of Rs0.20 per share in SPLY.

The company's revenue for the period increased 12.65% to Rs89.60bn, compared to Rs79.54bn last year, driven by growth in core telecommunications services.

Despite the revenue growth, gross profit surged 30.33% to Rs26.21bn from Rs20.11bn, as cost of services rose at a slower pace of 6.67% to Rs63.39bn.

However, operating expenses increased significantly, with administrative and general expenses up 14.81% to Rs7.61bn, while selling and marketing expenses rose 12.65% to Rs4.05bn. Impairment loss on financial assets remained relatively stable at Rs1.64bn, down marginally by 0.57%.

Operating profit jumped 56.70% to Rs12.91bn from Rs8.24bn a year earlier.

The company recorded a one-time past service cost for pension amounting to Rs5.89bn during the period, which significantly impacted profitability. Other income declined 26.33% to Rs7.72bn from Rs10.48bn last year, while finance and other costs decreased 13.39% to Rs14.94bn from Rs17.25bn in SPLY.

Consequently, the company reported a loss before taxation of Rs197.64m, compared to a profit of Rs1.47bn a year earlier.

After accounting for taxation of Rs1.02bn, compared to Rs468.82m in SPLY, the net loss for the period settled at Rs1.22bn, marking a significant reversal from the previous year's profit.

Copyright Mettis Link News