Third Quarter 2025: Back to growth amid slow economic climate
Key Figures (BDT) | Q3 2025 |
Revenues (Bn) | 40.1 |
Revenues Growth YoY | +1.4% |
Net Profit After Taxes (Bn) | 7.5 |
NPAT Margin NPAT Growth YoY | 18.7% -0.6% |
EBITDA Margin | 58.9% |
Earnings Per Share | 5.6 |
Capex (excl. license, lease & ARO) (Bn) | 3.1 |
Dhaka, October 27, 2025: Grameenphone Ltd. reported a total revenue of BDT 40.1 billion for the third quarter of 2025, registering a growth of 1.4% from the same period last year amid the challenging economic condition. The company reported a total subscriber base of 85.6 million at the end of the third quarter. 59.8% of Grameenphone’s total subscribers, or 51.2 million, are using internet services.
“At the start of the year, we made a clear commitment- we would grow responsibly and keep our costs efficient. I’m proud to say we have delivered on that promise. Our operational efficiency initiatives and cost control efforts have translated into solid EBITDA growth, demonstrating that we can grow while remaining financially disciplined. Over the past few years, we’ve worked hard to help shape the green energy landscape in Bangladesh and today, with the Corporate Power Purchase Agreement framework finally approved, we’re seeing that vision turn into reality.” said Yasir Azman, Chief Executive Officer of Grameenphone Ltd.
“We’re seeing a mix of short-term optimism and underlying challenges. With the national election approaching, Bangladesh’s economy is expected to experience a short-term boost as overall activity begins to pick up across the market. So, we expect to capture renewed customer demand and reinforce our critical role in national connectivity. Every quarter, we continue to innovate across technology, product offerings, digital operations, and customer engagement, ensuring that we stay relevant and ahead in a rapidly evolving market. We’re stepping into the future with a purpose and that future is AI-led. To complement our phased and forward-looking approach to 5G, we are putting significant effort & necessary investment in AI-driven initiatives for network operations, customer experience & skill development”, he added.
Otto Magne Risbakk, Chief Financial Officer of Grameenphone said, “The overall economic climate still remains stagnant and growth across markets is still slower than what we had anticipated. Despite these external challenges, our performance this quarter has been encouraging. We are back to growth, with stable margins and solid execution across our key business areas. On the revenue slide, I’m pleased to share that our topline is back to growth after four consecutive quarters of decline, with revenue up by 0.6 billion or +1.4% YoY. Our costs increased by only 1% year-over-year this quarter, whereas our inflation is still above 8%. I am excited to share that the EBITDA growth of 1.7% this quarter outpaced revenue growth, reflecting our improved operational leverage and strong cost containment. Although NPAT got affected from higher depreciation and amortization cost rising from the capitalization impact along with some cost increase from new site deployments and rooftop leases, our NPAT margin is still strong at 18.7%. We believe this is the right time to build a scalable, future-ready operating platform- one that is Cloud-native and AI-capable from the ground up. These are long-term plays, and while the near-term impact may be modest, we expect the structural benefits to become much more visible as growth continues to return.”
About Grameenphone Ltd.
Grameenphone, part of the Telenor Group, is a leading telecommunications service provider in Bangladesh with over 85.6 million subscribers. With a mission to empower societies and minimize the digital divide since its inception in 1997, Grameenphone has built the largest cellular network in the country, covering over 99 percent of the country's population. It is committed to making things possible with the power of connectivity, further enhancing customers' digital lifestyle, while constantly innovating to be a future-fit, customer-centric technology service provider. Grameenphone is listed on the Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE).
For more information about Grameenphone and our services, please visit:
Website : www.grameenphone.com
Facebook : www.facebook.com/grameenphone
LinkedIn : www.linkedin.com/company/grameenphone-ltd/about/
YouTube : www.youtube.com/user/grameenphone
Instagram : www.instagram.com/grameenphone/
X : https://twitter.com/Grameenphone
TikTok : https://www.tiktok.com/@grameenphone?lang=en
