PTCL Returns To Profit In Second Quarter
Pakistan Telecommunication Company Limited (PTCL) reported a turnaround in profitability for the quarter and half-year ended 30 June 2026, reversing prior-year losses on both unconsolidated and consolidated bases. The Board of Directors, meeting on 28 July 2026 in Islamabad, recommended no cash dividend, bonus shares, right shares or other entitlement.
Unconsolidated Results
Revenue for the three months rose 10% to Rs32.24 billion from Rs29.31 billion a year earlier. Gross profit stood at Rs8.67 billion against Rs8.27 billion. Operating profit improved to Rs3.93 billion from Rs3.69 billion.
After a much smaller past-service pension cost (Rs355 million versus Rs5.89 billion last year) and higher other income, the company posted a pre-tax profit of Rs2.66 billion compared with a loss of Rs4.82 billion. Net profit for the quarter was Rs2.73 billion (EPS Rs0.53) against a loss of Rs4.44 billion (LPS Rs0.87).
For the six months, revenue reached Rs63.75 billion (up from Rs58.91 billion). Net profit was Rs3.63 billion (EPS Rs0.71) versus a loss of Rs3.26 billion (LPS Rs0.64).
Consolidated Results
Group revenue jumped sharply to Rs103.82 billion in the quarter from Rs62.75 billion, lifting gross profit to Rs37.12 billion from Rs20.81 billion. Operating profit more than doubled to Rs15.90 billion from Rs7.40 billion.
Net profit for the three months was Rs1.60 billion (EPS Rs0.31) against a loss of Rs5.93 billion (LPS Rs1.16). For the half-year, consolidated revenue rose to Rs201.67 billion from Rs124.60 billion and net profit stood at Rs4.67 billion (EPS Rs0.92) versus a loss of Rs9.90 billion (LPS Rs1.94).
Cash Flow And Financial Position
Finance costs remained elevated on both bases. Net cash generated from operating activities strengthened, though investing and financing outflows kept overall cash positions under pressure. Equity on the unconsolidated balance sheet improved to Rs130.73 billion at 30 June 2026 from Rs127.10 billion at year-end 2025.
No Dividend Recommended
The Board of Directors recommended no cash dividend, bonus shares, right shares or any other entitlement for shareholders. The quarterly report will be transmitted through PUCARS within the prescribed timeframe.