Bangladesh · Delayed Price · Currency is BDT Grameenphone Earnings Call Transcripts
Fiscal Year 2026
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Revenue declined 2% year-over-year amid macro and geopolitical headwinds, but net profit rose 4.4% due to strong cost control and lower depreciation. Digital adoption and disciplined investment supported resilience, with a stable 58% EBITDA margin and robust cash flow.
Fiscal Year 2025
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Q4 2025 saw a 3.3% year-on-year revenue increase, 4.7% EBITDA growth, and a 2.6% rise in net profit, driven by digital adoption, cost control, and strong cash flow. Dividend yield reached 8.3%, with a robust balance sheet and continued investment in network and sustainability.
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Q3 2025 saw a return to growth with revenue up 1.4% and EBITDA up 1.7% year-over-year, driven by digital and data segments, 5G launch, and AI-led efficiency. Despite high inflation and regulatory changes, margins remained strong and cash flow robust.
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Q2 2025 delivered sequential revenue and margin growth, driven by digital adoption, AI integration, and operational efficiency. Strong subscriber and ARPU gains, improved cost discipline, and a robust balance sheet support continued dividends, despite macroeconomic and regulatory uncertainties.
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Q1 2025 saw revenue and profit declines amid tough macro conditions, but subscriber and data user growth, strong margins, and innovation in network and customer experience signal early recovery. Sustainability leadership and continued investment position the business for future growth.
Fiscal Year 2024
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Despite macroeconomic headwinds and industry subscriber decline, margins remained strong with a 20% profit margin and 60% EBITDA margin in 2024. Revenue dipped 4.9% in Q4, but digital and B2B segments showed resilience. Dividend payout for 2024 totals 33 Taka per share.
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Q3 2024 saw revenue and data usage decline due to political unrest, internet shutdowns, and floods, but strong margins and cash flow were maintained. Enterprise and digital segments grew, and major investments in technology and sustainability continued.
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Subscriber and revenue growth accelerated in Q2 2024, with ARPU and EBITDA margins improving despite inflation and regulatory headwinds. Strong cash flow enabled a high interim dividend, while digital and 4G segments drove performance.