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PTC Pakistan Telecommunication Company Ltd

Latest results: FY2025 · Dec 2025

Last close · 16 Oct 2026

Rs 53.60 -2.65%

Financials

Pakistan Telecommunication Company Ltd (PTC) financials

19 years of annual results (FY2007 – FY2025).

Pakistan Telecommunication Company Ltd (PTC) reported revenue of Rs 251.7 bn for FY2025 (Jan – Dec 2025), up 14.5% from FY2024.

It made a loss of Rs 9.7 bn attributable to shareholders (EPS Rs -1.91), a net margin of -3.9%.

No cash dividend was declared for FY2025.

Net debt stood at Rs 313.4 bn.

Return on equity was -26.7%.

Over the last five years revenue grew at a compound 14.2% a year.

At Rs 53.60 (close on 16 Oct 2026) the shares trade at 7.41× book value.

Fundamentals

PTC at a glance

Revenue · FY2025

Rs 251.7 bn

▲ 14.5% year on year

Profit attributable to shareholders · FY2025

-Rs 9.7 bn

EPS – basic (Rs) · FY2025

Rs -1.91

Dividend per share (Rs) · FY2025

Rs 0.00

Net margin · FY2025

-3.9%

+2.7 pts year on year

Debt to equity · FY2025

1,074.4%

+221.5 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2025
Rs 251.7 bn
Profit attributable · FY2025
-Rs 9.7 bn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2025
Rs 954.0 bn
Equity · FY2025
Rs 36.9 bn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2025
Rs 69.7 bn
Free cash flow · FY2025
Rs 38.3 bn

Financial highlights

PTC financial results

PTC annual financial highlights (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016
Revenue 251.7 219.8 188.7 151.0 137.6 129.4 129.5 126.9 117.0 117.2
Gross profit 84.0 57.4 42.7 30.0 34.1 32.8 33.4 34.3 28.6 31.0
Operating profit 31.0 11.9 3.7 1.7 8.1 9.0 9.9 12.5 5.4 7.4
Profit after tax (9.7) (14.4) (16.7) (10.9) 2.6 3.3 2.4 5.7 4.3 1.6
Profit attributable to shareholders (9.7) (14.4) (16.7) (10.9) 2.6 3.3 2.4 5.7 4.3 1.6
EPS – basic (Rs) Rs (1.91) (2.82) (3.28) (2.14) 0.50 0.64 0.47 1.12 0.85 0.32
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.50 1.50 0.00 2.00
Total assets 954.0 806.4 643.7 640.6 480.8 391.4 345.8 319.6 294.9 302.6
Total equity 36.9 36.3 57.3 73.9 88.1 87.0 83.4 83.2 86.5 88.2
Total debt 396.1 309.3 188.7 214.0 108.0 71.1 55.4 33.4 31.0 27.0
Net cash from operating activities 69.7 62.9 9.1 53.8 38.7 50.2 39.2 37.6 27.1 37.9
Capital expenditure (31.4) (62.0) (60.9) (54.6) (63.1) (31.9) (40.7) (37.4) (29.8) (31.0)
Free cash flow (operating cash flow − capex) 38.3 0.9 (51.9) (0.8) (24.5) 18.3 (1.5) 0.2 (2.7) 6.9

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 15 Oct 2026.

PTC charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 252 bn -Rs 17 bn Revenue FY16: Rs 117.2 bn Profit attributable FY16: Rs 1.6 bn FY16 Revenue FY17: Rs 117.0 bn Profit attributable FY17: Rs 4.3 bn FY17 Revenue FY18: Rs 126.9 bn Profit attributable FY18: Rs 5.7 bn FY18 Revenue FY19: Rs 129.5 bn Profit attributable FY19: Rs 2.4 bn FY19 Revenue FY20: Rs 129.4 bn Profit attributable FY20: Rs 3.3 bn FY20 Revenue FY21: Rs 137.6 bn Profit attributable FY21: Rs 2.6 bn FY21 Revenue FY22: Rs 151.0 bn Profit attributable FY22: -Rs 10.9 bn FY22 Revenue FY23: Rs 188.7 bn Profit attributable FY23: -Rs 16.7 bn FY23 Revenue FY24: Rs 219.8 bn Profit attributable FY24: -Rs 14.4 bn FY24 Revenue FY25: Rs 251.7 bn Profit attributable FY25: -Rs 9.7 bn FY25
Margins Gross margin Operating margin Net margin
Margins 37% 14% -9% Gross margin FY16: 26.5% Gross margin FY17: 24.4% Gross margin FY18: 27.1% Gross margin FY19: 25.8% Gross margin FY20: 25.3% Gross margin FY21: 24.8% Gross margin FY22: 19.8% Gross margin FY23: 22.7% Gross margin FY24: 26.1% Gross margin FY25: 33.4% Operating margin FY16: 6.3% Operating margin FY17: 4.7% Operating margin FY18: 9.8% Operating margin FY19: 7.6% Operating margin FY20: 7.0% Operating margin FY21: 5.9% Operating margin FY22: 1.1% Operating margin FY23: 2.0% Operating margin FY24: 5.4% Operating margin FY25: 12.3% Net margin FY16: 1.4% Net margin FY17: 3.7% Net margin FY18: 4.5% Net margin FY19: 1.8% Net margin FY20: 2.5% Net margin FY21: 1.9% Net margin FY22: -7.2% Net margin FY23: -8.9% Net margin FY24: -6.5% Net margin FY25: -3.9% FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 70 bn -Rs 63 bn Operating cash flow FY16: Rs 37.9 bn Capex FY16: -Rs 31.0 bn Free cash flow FY16: Rs 6.9 bn FY16 Operating cash flow FY17: Rs 27.1 bn Capex FY17: -Rs 29.8 bn Free cash flow FY17: -Rs 2.7 bn FY17 Operating cash flow FY18: Rs 37.6 bn Capex FY18: -Rs 37.4 bn Free cash flow FY18: Rs 241.3 mn FY18 Operating cash flow FY19: Rs 39.2 bn Capex FY19: -Rs 40.7 bn Free cash flow FY19: -Rs 1.5 bn FY19 Operating cash flow FY20: Rs 50.2 bn Capex FY20: -Rs 31.9 bn Free cash flow FY20: Rs 18.3 bn FY20 Operating cash flow FY21: Rs 38.7 bn Capex FY21: -Rs 63.1 bn Free cash flow FY21: -Rs 24.5 bn FY21 Operating cash flow FY22: Rs 53.8 bn Capex FY22: -Rs 54.6 bn Free cash flow FY22: -Rs 767.3 mn FY22 Operating cash flow FY23: Rs 9.1 bn Capex FY23: -Rs 60.9 bn Free cash flow FY23: -Rs 51.9 bn FY23 Operating cash flow FY24: Rs 62.9 bn Capex FY24: -Rs 62.0 bn Free cash flow FY24: Rs 937.1 mn FY24 Operating cash flow FY25: Rs 69.7 bn Capex FY25: -Rs 31.4 bn Free cash flow FY25: Rs 38.3 bn FY25