Grameenphone Ltd. has posted a net profit after taxes (NPAT) of Tk 879 crore in the second quarter of 2025, registering a 2.1% year-on-year growth, driven by strict cost control and operational efficiency, despite a revenue decline.
The telecom giant reported total revenues of Tk 4,103 crore during the quarter, down by 2.8% compared to the same period last year amid ongoing macroeconomic challenges.
At the end of Q2, the company’s subscriber base reached 8.63 crore, with 5.03 crore—or 58.3%—actively using internet services.
“We’ve been navigating a tough economic climate since late last year,” said Yasir Azman, CEO of Grameenphone. “Strategic cost discipline and sequential revenue growth helped improve our profitability. We’re pleased to declare an interim dividend of Tk 11 per share for the first half of 2025.”
Azman highlighted that the MyGP self-service app now has 2.25 crore monthly active users and credited a recent regulatory breakthrough that enabled Hajj pilgrims to use their mobile balance abroad in local currency for the first time.
Grameenphone CFO Otto Magne Risbakk pointed to signs of economic stability such as easing inflation and a steadier forex market, while cautioning about risks from global trade tensions affecting the country’s textile exports.
“In this backdrop, we’ve prioritized cost and capital efficiency,” he said. “Operating costs declined by nearly 2% year-on-year. While revenue dipped 2.8% YoY, we saw a 7% sequential increase fueled by higher data usage during Eid.”
EBITDA rose for a second consecutive quarter, reaching Tk 2,462 crore—an 11.9% increase from Q1. Grameenphone continues to focus on future readiness through AI-driven transformation, digital innovation, and enhanced customer experience.