Grameenphone (GP) Q3 2025 earnings summary

Executive summary

• Returned to top-line growth in Q3 2025, overcoming a subdued economic environment and high inflation, supported by network leadership and innovation initiatives.

• Launched commercial 5G services with a strategic, phased rollout, focusing on high-readiness clusters and sustainable leadership.

• Advanced digital transformation with AI-driven initiatives, portfolio simplification, and local currency roaming.

• Emphasized sustainability, launching energy-saving AI solutions and progressing on renewable energy procurement.

• Focused on operational excellence and cost discipline to address slow economic recovery and rising costs.

Financial highlights

• Revenue grew 1.4% year-over-year to BDT 41.0 billion in Q3'25, rebounding from previous declines.

• EBITDA increased 1.7% year-over-year to BDT 24.6 billion, with margin improving to 60.0%.

• Net profit after tax (NPAT) declined 0.6% year-over-year to BDT 8.8 billion, impacted by higher depreciation and amortization from spectrum and network investments.

• Operating cash flow rose 6.1% year-over-year to BDT 21.4 billion, with a margin of 51%.

• Maintained low debt levels, funding CapEx and dividends from cash flow.

Outlook and guidance

• Expect continued positive growth in coming quarters, with a current run rate of about 3%.

• Aims to grow revenue by 5-6% as inflation moderates and macroeconomic conditions improve.

• Anticipates short-term economic boost from upcoming national elections.

• Positioned for emerging opportunities through innovation, digitalization, and customer value creation.

• Continued focus on operational excellence to navigate economic headwinds and inflationary pressures.