Grameenphone Ltd posted Tk 4,010 crore in revenue for July–September, up 1.4 percent year on year, while net profit after taxes (NPAT) slightly declined to Tk 750 crore.
The company’s return to revenue growth came after four consecutive quarters of decline, but profitability did not improve.
Earnings per share (EPS) was Tk 5.56 for the quarter compared with Tk 5.59 a year earlier, according to the company’s regulatory disclosure and a press release issued on Monday.
The subscriber base stood at 8 crore 56 lakh at the end of the quarter, including 5 crore 12 lakh internet users, which is 59.8 percent of total customers.
EPS for the January–September period was Tk 16.77 against Tk 21.88 a year earlier. Net operating cash flow per share (NOCFPS) was Tk 38.55 compared with Tk 38.01 a year ago. Net asset value per share dropped to Tk 36.72 at the end of September from Tk 42.77 a year earlier.
“We made a clear commitment at the start of the year to grow responsibly and keep our costs efficient and I’m proud to say we have delivered on that promise,” said Grameenphone Chief Executive Officer Yasir Azman.
He said operational efficiency and cost control supported solid earnings before interest, taxes, depreciation and amortisation (EBITDA) performance and aligned growth with financial discipline.
“With the national election approaching, Bangladesh’s economy is expected to see a short-term boost and we expect to capture renewed customer demand and reinforce our critical role in national connectivity,” said Grameenphone Chief Executive Officer Yasir Azman.
He said the corporate power purchase agreement framework will strengthen the company’s push for green energy as it steps into an AI-led future alongside a phased and forward-looking approach to 5G.
“The overall economic climate remains stagnant and growth across markets is slower than anticipated but our performance this quarter has been encouraging,” said Grameenphone Chief Financial Officer Otto Magne Risbakk.
He said topline growth returned due to revenue rising by Tk 60 crore year on year, while costs increased by only 1 percent despite inflation remaining above 8 percent.
“We believe this is the right time to build a scalable, future-ready operating platform that is cloud-native and AI-capable from the ground up,” said Grameenphone Chief Financial Officer Otto Magne Risbakk.
He added that the structural benefits of these investments will become more visible as growth continues to return.
