ISLAMABAD: The Pakistan Telecommunication Company Ltd. (PTCL) has reported a notable financial turnaround for the quarter ended June 30, 2026, as the company announced its quarterly financial results on July 28, 2026. Despite facing challenges in the previous year, PTCL has demonstrated considerable improvement in its financial performance.
The company's revenue for the three months ended June 30, 2026, stood at Rs 32.24 billion, compared to Rs 29.31 billion in the same period last year, reflecting a very large or significant move of 9.98%. Meanwhile, the revenue for the six-month period ended June 30, 2026, reached Rs 63.75 billion, up from Rs 58.91 billion in the previous year.
Cost of services for the quarter increased to Rs 23.56 billion from Rs 21.04 billion, and gross profit rose to Rs 8.67 billion from Rs 8.27 billion, indicating stable operational performance. Administrative and general expenses slightly decreased to Rs 2.57 billion from Rs 2.68 billion, while selling and marketing expenses increased to Rs 1.53 billion from Rs 1.35 billion.
A significant change was observed in the impairment loss on trade debts and contract assets, which rose to Rs 641 million from Rs 551.60 million. Consequently, the operating profit for the quarter stood at Rs 3.93 billion, up from Rs 3.69 billion in the same quarter of the previous year.
The company reported other income of Rs 7.24 billion for the quarter, a notable increase from Rs 2.77 billion in the previous year. Finance and other costs, however, increased to Rs 8.16 billion from Rs 5.39 billion. As a result, PTCL recorded a profit before tax of Rs 2.66 billion for the quarter, a substantial recovery from a loss of Rs 4.81 billion in the corresponding period last year.
Taxation for the period amounted to Rs 62.80 million, resulting in a net profit of Rs 2.73 billion, a stark contrast to the loss of Rs 4.44 billion reported in the same quarter of the previous year. Earnings per share improved to Rs 0.53 from a loss per share of Rs 0.87.
The condensed consolidated interim statement showed a significant increase in revenue to Rs 103.82 billion for the three months ended June 30, 2026, as compared to Rs 62.75 billion in the previous year, indicating a very large or significant move of 65.45%.
According to information available from the Pakistan Stock Exchange (PSX), PTCL’s financial results indicate a significant improvement in cash flows from operating activities, which generated Rs 77.90 billion for the six months ended June 30, 2026, up from Rs 38.40 billion in the previous year.
The company’s cash flows from investing activities showed a net usage of Rs 11.49 billion, in contrast to the Rs 115.98 billion generated in the previous year. Cash used in financing activities amounted to Rs 48.06 billion, compared to Rs 163.85 billion in the corresponding period last year. As a result, the net decrease in cash and cash equivalents was Rs 9.43 billion, an improvement from the decrease of Rs 19.71 billion in the prior year.
Despite the absence of dividends, bonus shares, or right shares for the period, PTCL's financial performance suggests a positive shift and a promising outlook for the remainder of the fiscal year. The company's focus on revenue growth and operational efficiency is reflected in its improved financial metrics.