Grameenphone (GP) investor relations material

Executive summary

• Achieved 3.3% year-on-year revenue growth in Q4 2025, reversing a prior decline and reaching BDT 38.6 billion amid challenging macroeconomic conditions.

• EBITDA increased 4.7% year-on-year, with margin improvement to 58.0%, driven by cost optimization and operational discipline.

• Net profit after tax rose 2.6% year-on-year in Q4, with EPS at BDT 5.1 for the quarter and BDT 6.9 for the year.

• Operating cash flow grew 9.2% year-on-year to BDT 20.5 billion, maintaining strong cash generation.

• Advanced ESG initiatives, including sustainability-linked financing and digital literacy programs, while maintaining network leadership and cybersecurity.

Financial highlights

• Revenue for 2025 was BDT 158.06 billion, nearly flat year-on-year, with Q4 revenue growth of 3.3%.

• EBITDA margin remained high at 58–59%, with net profit margin at 18–19%.

• CapEx for the year was BDT 13 billion, with Q4 CapEx at BDT 1.9–2.6 billion, focused on network and IT modernization.

• Dividend payments totaled BDT 37.81 billion in 2025, with a final dividend of BDT 10.5 per share, totaling BDT 21.5 per share for the year.

• Operating cash flow for the year was BDT 61.57 billion.

Outlook and guidance

• Continued focus on expanding rural and indoor coverage using new low-band spectrum and digital transformation.

• Management remains positive about long-term digitalization opportunities in Bangladesh, despite near-term macroeconomic headwinds.

• Board recommended a final cash dividend of BDT 14.18 billion (BDT 10.50 per share), bringing total 2025 dividends to BDT 21.50 per share, subject to approval.