PTC Pakistan Telecommunication Company Ltd

Pakistan Telecommunication Company Ltd (PTC) income statement

Pakistan Telecommunication Company Ltd reported revenue of Rs 251.7 bn for FY2025 (Jan – Dec 2025), up 14.5% on FY2024. Gross profit came to Rs 84.0 bn, a gross margin of 33.4%. Operating profit was Rs 31.0 bn (an operating margin of 12.3%). Finance cost was Rs 32.8 bn, down 21.4% on FY2024. The loss attributable to shareholders was Rs 9.7 bn, or Rs -1.91 per share.

PTC income statement (annual) (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	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Revenue	251.7	219.8	188.7	151.0	137.6	129.4	129.5	126.9	117.0	117.2	118.6	129.9	131.2	—	102.6	98.9	92.7	91.7	81.4
Cost of revenue	(167.8)	(162.4)	(145.9)	(121.0)	(103.5)	(96.6)	(96.1)	(92.5)	(88.5)	(86.2)	(87.8)	(88.9)	(84.1)	—	(66.9)	(62.0)	(55.2)	(50.8)	(2.6)
Gross profit	84.0	57.4	42.7	30.0	34.1	32.8	33.4	34.3	28.6	31.0	30.7	41.0	47.2	—	35.6	36.9	37.6	40.9	78.8
Selling, general & administrative expenses	(53.0)	(45.5)	(39.0)	(28.3)	(25.9)	(23.8)	(22.8)	(21.3)	(20.6)	(20.5)	(24.7)	(32.6)	(23.0)	—	(18.5)	(15.8)	(17.5)	(16.9)	(37.2)
Operating profit	31.0	11.9	3.7	1.7	8.1	9.0	9.9	12.5	5.4	7.4	4.7	6.6	22.4	—	17.3	23.3	17.7	22.0	39.2
Finance cost	(32.8)	(41.7)	(40.2)	(15.9)	(7.0)	(5.4)	(7.7)	(3.9)	(4.9)	(2.9)	(2.4)	(1.4)	(1.4)	—	(2.7)	(2.2)	(1.9)	(1.2)	(0.2)
Profit before tax	(14.8)	(20.9)	(22.9)	(17.1)	3.4	4.6	3.6	6.9	6.4	4.3	4.0	6.2	23.8	—	15.8	18.6	16.7	(2.5)	24.0
Taxation	5.1	6.5	6.1	6.2	(0.8)	(1.3)	(1.3)	(1.2)	(2.1)	(2.6)	(2.1)	(2.2)	(8.0)	—	(7.4)	(13.8)	(11.6)	0.9	(17.8)
Profit after tax	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Profit attributable to shareholders	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Per share & other
EPS – basic (Rs) Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	0.95	1.00	(0.31)	1.21
EPS – diluted (Rs) Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	2.30	2.14	(0.40)	3.29
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	2.00	2.50	2.00	—	1.75	1.75	1.50	0.00	2.00
EBITDA	83.7	58.8	47.7	42.1	44.1	43.6	44.4	45.0	39.0	39.7	36.7	35.0	47.2	—	39.3	45.0	37.0	38.8	69.7
Depreciation & amortisation	52.7	46.8	44.0	40.4	36.0	34.6	34.5	32.5	33.5	32.3	32.0	28.4	24.7	—	22.0	21.7	19.3	16.8	30.5
Weighted average shares mn	5,102.7	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	—	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0

PTC income statement — year-on-year change (Rs mn)
Rs mn	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	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Revenue	+14.5%	+16.5%	+24.9%	+9.7%	+6.3%	-0.1%	+2.1%	+8.4%	-0.2%	-1.1%	-8.7%	-1.0%	—	—	+3.7%	+6.7%	+1.2%	+12.6%	—
Cost of revenue	+3.3%	+11.3%	+20.6%	+16.9%	+7.2%	+0.5%	+3.9%	+4.6%	+2.7%	-1.9%	-1.2%	+5.8%	—	—	+7.9%	+12.4%	+8.6%	+1,821.4%	—
Gross profit	+46.3%	+34.3%	+42.6%	-12.0%	+3.9%	-1.9%	-2.7%	+20.3%	-8.0%	+0.9%	-25.0%	-13.1%	—	—	-3.4%	-1.7%	-8.1%	-48.1%	—
Selling, general & administrative expenses	+16.6%	+16.6%	+37.8%	+9.1%	+9.2%	+4.1%	+7.1%	+3.2%	+0.8%	-17.1%	-24.1%	+41.9%	—	—	+17.1%	-10.0%	+3.5%	-54.4%	—
Operating profit	+159.4%	+219.4%	+124.2%	-79.5%	-9.8%	-8.9%	-20.5%	+128.7%	-26.4%	+57.7%	-28.6%	-70.7%	—	—	-25.9%	+31.8%	-19.7%	-43.8%	—
Finance cost	-21.4%	+3.8%	+152.2%	+126.5%	+30.1%	-29.7%	+96.2%	-19.5%	+69.7%	+17.6%	+73.3%	-0.3%	—	—	+23.0%	+18.3%	+54.0%	+546.1%	—
Profit before tax	—	—	—	-604.8%	-25.8%	+25.6%	-47.7%	+8.8%	+49.6%	+6.3%	-35.2%	-74.0%	—	—	-15.3%	+11.3%	—	-110.4%	—
Taxation	—	—	—	-861.8%	-37.3%	+2.8%	+1.6%	-40.2%	-21.7%	+23.3%	-3.6%	-72.3%	—	—	-46.5%	+18.4%	—	-105.2%	—
Profit after tax	—	—	—	-523.8%	-21.3%	+37.7%	-58.4%	+32.2%	+166.1%	-13.1%	-52.9%	-74.8%	—	—	+73.0%	-4.9%	—	-125.3%	—
Profit attributable to shareholders	—	—	—	-523.8%	-21.3%	+37.7%	-58.4%	+32.2%	+166.1%	-13.1%	-52.9%	-74.8%	—	—	+73.0%	-4.9%	—	-125.3%	—
Per share & other
EPS – basic (Rs)	—	—	—	-523.8%	-21.3%	+37.7%	-58.4%	+32.2%	+166.1%	-13.1%	-52.9%	-74.8%	—	—	+73.0%	-4.9%	—	-125.3%	—
EPS – diluted (Rs)	—	—	—	-523.8%	-21.3%	+37.7%	-58.4%	+32.2%	+166.1%	-13.1%	-52.9%	-74.8%	—	—	-28.4%	+7.5%	—	-112.1%	—
Dividend per share (Rs)	—	—	—	—	—	-100.0%	-66.7%	—	-100.0%	0.0%	-20.0%	+25.0%	—	—	0.0%	+16.7%	—	-100.0%	—
EBITDA	+42.3%	+23.1%	+13.4%	-4.5%	+1.0%	-1.7%	-1.2%	+15.4%	-1.8%	+8.1%	+4.8%	-25.7%	—	—	-12.6%	+21.6%	-4.8%	-44.3%	—
Depreciation & amortisation	+12.5%	+6.5%	+8.8%	+12.4%	+3.9%	+0.3%	+6.1%	-3.0%	+3.9%	+0.8%	+12.5%	+15.1%	—	—	+1.6%	+12.2%	+14.7%	-44.8%	—
Weighted average shares	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Change against the previous fiscal year; shown when the earlier figure is positive.

PTC income statement — common size (Rs mn)
Rs mn	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	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 * Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Revenue	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	—	100.0%	100.0%	100.0%	100.0%	100.0%
Cost of revenue	(66.6%)	(73.9%)	(77.3%)	(80.2%)	(75.2%)	(74.7%)	(74.2%)	(72.9%)	(75.6%)	(73.5%)	(74.1%)	(68.4%)	(64.1%)	—	(65.2%)	(62.7%)	(59.5%)	(55.4%)	(3.2%)
Gross profit	33.4%	26.1%	22.7%	19.8%	24.8%	25.3%	25.8%	27.1%	24.4%	26.5%	25.9%	31.6%	35.9%	—	34.8%	37.3%	40.5%	44.6%	96.8%
Selling, general & administrative expenses	(21.1%)	(20.7%)	(20.7%)	(18.7%)	(18.8%)	(18.4%)	(17.6%)	(16.8%)	(17.6%)	(17.5%)	(20.8%)	(25.1%)	(17.5%)	—	(18.0%)	(15.9%)	(18.9%)	(18.5%)	(45.6%)
Operating profit	12.3%	5.4%	2.0%	1.1%	5.9%	7.0%	7.6%	9.8%	4.7%	6.3%	4.0%	5.1%	17.1%	—	16.9%	23.6%	19.1%	24.0%	48.2%
Finance cost	(13.0%)	(19.0%)	(21.3%)	(10.6%)	(5.1%)	(4.2%)	(5.9%)	(3.1%)	(4.2%)	(2.5%)	(2.1%)	(1.1%)	(1.1%)	—	(2.7%)	(2.2%)	(2.0%)	(1.3%)	(0.2%)
Profit before tax	(5.9%)	(9.5%)	(12.1%)	(11.3%)	2.5%	3.5%	2.8%	5.5%	5.5%	3.6%	3.4%	4.8%	18.1%	—	15.4%	18.8%	18.1%	(2.7%)	29.5%
Taxation	2.0%	3.0%	3.3%	4.1%	(0.6%)	(1.0%)	(1.0%)	(1.0%)	(1.8%)	(2.3%)	(1.8%)	(1.7%)	(6.1%)	—	(7.2%)	(13.9%)	(12.5%)	1.0%	(21.9%)
Profit after tax	(3.9%)	(6.5%)	(8.9%)	(7.2%)	1.9%	2.5%	1.8%	4.5%	3.7%	1.4%	1.6%	3.1%	12.0%	—	8.2%	4.9%	5.5%	(1.7%)	7.6%
Profit attributable to shareholders	(3.9%)	(6.5%)	(8.9%)	(7.2%)	1.9%	2.5%	1.8%	4.5%	3.7%	1.4%	1.6%	3.1%	12.0%	—	8.2%	4.9%	5.5%	(1.7%)	7.6%
Per share & other
EBITDA	33.2%	26.7%	25.3%	27.9%	32.0%	33.7%	34.3%	35.4%	33.3%	33.9%	31.0%	27.0%	35.9%	—	38.3%	45.5%	39.9%	42.4%	85.6%
Depreciation & amortisation	20.9%	21.3%	23.3%	26.8%	26.1%	26.7%	26.6%	25.6%	28.7%	27.5%	27.0%	21.9%	18.8%	—	21.5%	21.9%	20.8%	18.3%	37.4%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 15 Oct 2026.

All reported line items 155

PTC income statement — all reported line items (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	FY2015 Jan – Dec 2015	FY2014 Jan – Dec 2014	FY2013 Jan – Dec 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Revenue from Goods & Services	251.7	219.8	188.7	151.0	137.6	129.4	129.5	126.9	117.0	116.0	118.1	129.7	131.2	—	102.6	98.9	92.7	91.7	81.4
Sales of Goods & Services - Net - Unclassified	251.7	219.8	188.7	151.0	137.6	129.4	129.5	126.9	117.0	118.3	120.6	132.1	133.9	—	102.6	98.9	92.7	91.7	86.4
Sales Returns, Allowances & Other Revenue Adjustments	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	4.9
Revenue Taxes	—	—	—	—	—	—	—	—	—	2.3	2.4	2.4	2.7	—	—	—	—	—	—
Revenue from Financing-Related Operations	—	—	—	—	—	—	—	—	—	1.2	0.4	0.2	0.0	—	—	—	—	—	—
Revenue from Business-Related Activities - Other - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0
Business-Related Financing Revenue - Other	—	—	—	—	—	—	—	—	—	1.2	0.4	0.2	0.0	—	—	—	—	—	—
Revenue from Business Activities - Total	251.7	219.8	188.7	151.0	137.6	129.4	129.5	126.9	117.0	117.2	118.6	129.9	131.2	—	102.6	98.9	92.7	91.7	81.4
Cost of Operating Revenue	167.8	162.4	145.9	121.0	103.5	96.6	96.1	92.5	88.5	86.2	87.8	88.9	84.1	—	66.9	62.0	55.2	50.8	2.6
Cost of Revenues - Total	167.8	162.4	145.9	121.0	103.5	96.6	96.1	92.5	88.5	86.2	87.8	88.9	84.1	—	66.9	62.0	55.2	50.8	2.6
Cost of Revenues - Unclassified	119.0	119.9	105.5	42.7	38.7	37.6	38.8	36.9	31.3	29.4	31.6	41.6	43.1	—	46.3	41.4	73.6	67.0	(14.8)
Selling, General & Administrative Expenses - Total	53.0	45.5	39.0	28.3	25.9	23.8	22.8	21.3	20.6	20.5	24.7	32.6	23.0	—	18.5	15.8	17.5	16.9	37.2
Selling, General & Administrative Expenses - Unclassified	42.2	41.1	35.5	10.3	9.0	8.3	9.4	8.9	7.3	7.6	10.3	18.3	9.8	—	9.6	7.7	10.6	12.2	6.2
Amortization in Cost of Revenues	6.7	6.8	6.8	6.6	4.4	3.3	3.2	3.2	3.3	3.2	2.8	2.1	0.1	—	0.3	0.3	(0.3)	(0.3)	—
Depreciation in Cost of Revenues	42.0	35.7	33.6	30.6	28.9	28.5	29.0	27.0	28.6	27.4	26.7	23.8	22.3	—	20.2	20.3	(18.2)	(16.0)	15.1
Depreciation in Selling, General & Administrative Expenses	3.0	3.4	3.0	2.5	2.3	2.5	2.0	1.3	1.3	1.3	1.6	1.6	1.5	—	1.2	0.9	0.8	0.5	15.1
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues	—	—	—	17.7	17.4	15.4	12.8	11.9	12.4	12.9	13.2	13.7	12.8	—	—	—	—	—	—
Amortization of Intangibles in Selling, General & Administrative Expenses	0.9	1.0	0.5	0.4	0.3	0.4	0.3	0.3	0.3	0.3	0.4	0.6	0.4	—	0.3	0.2	0.0	—	0.3
Material Expenses	—	—	—	23.4	14.2	11.9	12.4	13.5	12.8	13.3	13.6	7.7	5.7	—	—	—	—	—	2.3
Utility Cost of Revenue - Fuel Expense	—	—	—	20.5	13.3	11.8	12.4	10.3	9.7	9.7	10.1	6.5	5.5	—	—	—	—	—	2.3
Other Operating Expense/(Income) - Net	—	—	—	—	—	—	0.7	0.6	2.5	3.1	1.3	1.8	1.8	—	(0.1)	(2.2)	2.3	1.9	2.4
Other Operating Income - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	3.2	5.1	—	—	—
Ground leases/Rental Expenses in Cost of Revenues	—	—	—	2.9	0.8	0.1	0.0	3.2	3.1	3.6	3.5	1.3	0.2	—	—	—	—	—	—
Cost of Revenues - Other - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.1	0.0	(0.0)	(0.0)	—
Gross Profit - Industrials/Property - Total	84.0	57.4	42.7	30.0	34.1	32.8	33.4	34.3	28.6	31.0	30.7	41.0	47.2	—	35.6	36.9	37.6	40.9	78.8
Operating Expenses - Total	220.8	207.8	184.9	149.4	129.5	120.4	119.6	114.4	111.6	109.8	113.9	123.3	108.8	—	85.3	75.6	75.0	69.6	42.2
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses	6.9	—	—	11.3	10.7	9.6	7.6	6.7	5.3	5.0	5.1	5.6	4.7	—	4.1	3.4	2.9	1.6	15.0
Research & Development Expense	—	—	—	—	—	—	—	—	1.3	0.3	0.3	0.3	0.3	—	0.2	0.3	0.5	0.6	0.6
Selling, General & Administrative Expenses - Other - Total	—	—	—	3.8	3.6	3.0	3.6	4.1	5.2	5.9	7.0	6.3	6.2	—	3.1	3.3	2.7	1.9	(0.1)
Advertising Expense	—	—	—	3.4	3.2	2.6	3.1	3.4	2.9	3.1	3.6	3.5	3.4	—	3.1	3.3	2.7	2.1	1.3
Rental Expense	—	—	—	0.4	0.3	0.3	0.4	0.8	0.6	0.6	0.8	0.6	0.7	—	—	—	—	(0.2)	(0.9)
Operating Profit before Non-Recurring Income/(Expense)	31.0	11.9	3.7	1.7	8.1	9.0	9.9	12.5	5.4	7.4	4.7	6.6	22.4	—	17.3	23.3	17.7	22.0	39.2
Financing Income/(Expense) - Net - Total	(41.0)	(44.1)	(41.4)	(24.1)	(9.5)	(7.8)	(7.2)	(6.8)	(4.2)	(3.6)	(4.7)	(3.5)	(1.9)	—	(2.8)	(3.3)	(4.5)	(2.7)	3.2
Interest Expense - Net of (Interest Income)	27.2	34.2	26.7	10.8	4.2	3.9	5.8	2.8	2.7	2.9	2.4	1.4	1.4	—	2.7	2.2	1.9	1.2	(3.2)
Other Operating Expense	—	—	—	—	—	—	0.7	0.6	2.5	3.1	1.3	1.8	1.8	—	3.1	2.9	2.3	1.9	2.4
Interest Expense - Net of Capitalized Interest	32.8	41.7	40.2	15.9	7.0	5.4	7.7	3.9	4.9	2.9	2.4	1.4	1.4	—	2.7	2.2	1.9	1.2	0.2
Provision for Doubtful Accounts & Write-off	—	—	—	—	—	—	—	—	1.7	2.2	2.7	2.2	2.0	—	—	—	—	—	(0.5)
Non-Interest Financial Income/(Expense) - Total	(13.9)	(9.9)	(14.7)	(13.3)	(5.4)	(3.9)	(1.4)	(4.1)	(1.5)	(0.7)	(2.2)	(2.1)	(0.5)	—	(0.1)	(1.1)	(2.6)	(1.4)	0.1
Non-Interest Financial Income/(Expense) - Other - Net	(12.0)	(10.9)	(9.2)	(7.5)	(2.2)	(2.6)	(0.5)	(0.3)	(0.3)	(0.3)	(1.0)	(0.9)	(0.4)	—	—	—	—	(0.4)	—
Sale of Tangible & Intangible Fixed Assets - Gain/Loss	1.9	5.8	6.1	2.6	0.9	1.5	0.8	0.1	0.2	0.1	0.3	(0.8)	0.1	—	—	—	—	—	—
Equity Earnings/(Loss) - before Taxes including Non-Recurring	—	—	—	—	—	—	—	—	(0.0)	0.0	(0.0)	(0.0)	0.0	—	(0.0)	0.0	0.0	(0.0)	0.0
Other Non-Operating Income/(Expense) - Total	13.4	11.3	10.6	7.8	5.7	4.6	3.4	4.0	7.1	1.6	3.7	4.0	3.3	—	—	(1.6)	3.3	(21.6)	(17.1)
Non-Operating Rental Income	1.4	1.3	1.1	1.0	0.9	0.8	0.6	0.1	0.0	0.0	—	—	—	—	—	—	—	—	—
Foreign Exchange Gain/(Loss) - Non-Business	(1.9)	1.0	(5.4)	(5.8)	(3.3)	(1.3)	(1.0)	(4.0)	(1.3)	(0.5)	(1.7)	(1.2)	(0.6)	—	(0.1)	(1.1)	(2.6)	(1.0)	0.1
Normalized Pre-tax Profit	5.2	(15.1)	(21.0)	(12.0)	5.2	7.4	6.9	9.8	8.6	5.6	4.1	6.2	23.9	—	14.5	18.5	16.5	(2.3)	25.4
Non-Recurring Income/Expense - Total	(20.0)	(5.8)	(1.9)	(5.1)	(1.8)	(2.8)	(3.2)	(2.8)	(2.2)	(1.3)	(0.1)	0.0	(0.1)	—	1.3	0.1	0.2	(0.0)	0.0
Impairment - Tangible & Intangible Fixed Assets	0.4	0.7	0.7	0.5	—	—	0.0	0.7	2.4	1.3	0.2	0.0	0.2	—	(1.1)	(0.0)	(0.0)	—	—
Impairment - Fixed Assets	0.4	0.7	0.1	—	—	—	0.0	0.7	2.4	1.3	0.2	0.0	0.2	—	(1.1)	(0.0)	(0.0)	—	—
Interest Income - Non-Bank	5.6	7.6	13.5	5.2	2.9	1.5	1.9	1.1	2.1	—	—	—	—	—	—	—	—	—	3.4
Impairment - Financial Investments	18.1	5.1	1.4	4.6	3.1	3.4	3.2	2.3	—	—	—	—	—	—	—	—	—	—	—
Dividend & Investment Income	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	—	—	—	0.0	—	—	—
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss)	—	—	—	0.0	0.1	0.1	0.1	0.2	0.1	0.0	0.6	0.0	0.6	—	—	—	—	—	—
Sale & Acquisition of Group Companies - Gain/(Loss)	(1.8)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Non-Recurring Income/(Expense) - Other - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.2	0.1	0.2	(0.0)	0.0
Provision for Income Tax Expense- Unclassified	—	—	—	—	—	—	—	—	—	—	—	—	8.0	—	—	—	—	—	—
Income before Taxes	(14.8)	(20.9)	(22.9)	(17.1)	3.4	4.6	3.6	6.9	6.4	4.3	4.0	6.2	23.8	—	15.8	18.6	16.7	(2.5)	24.0
Income Taxes	(5.1)	(6.5)	(6.1)	(6.2)	0.8	1.3	1.3	1.2	2.1	2.6	2.1	2.2	8.0	—	7.4	13.8	11.6	(0.9)	17.8
Impairment - Goodwill	—	0.0	0.7	0.5	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Income Taxes for the Year - Current	2.4	5.2	9.4	3.4	4.4	2.3	3.1	2.9	5.9	5.5	6.3	2.4	—	—	2.5	3.5	3.1	0.3	8.9
Income Taxes - Domestic - Current	—	—	—	—	—	—	—	—	—	—	6.3	2.6	—	—	2.0	3.5	3.1	0.5	9.1
Income Taxes - Other (KFAS/NLST) - Current	—	—	—	—	—	—	—	—	—	—	0.0	(0.2)	—	—	0.5	0.0	—	(0.2)	(0.2)
Income Taxes - Deferred	(7.5)	(11.7)	(15.6)	(9.6)	(3.5)	(1.0)	(1.9)	(1.7)	(3.9)	(2.9)	(4.1)	(0.2)	—	—	4.9	3.4	2.7	(0.8)	0.0
Income Taxes - Domestic - Deferred	—	—	—	—	—	—	—	—	—	(2.7)	(4.0)	(0.4)	—	—	4.9	3.4	2.7	(0.8)	(1.3)
Income Taxes - Other - Deferred	—	—	—	—	—	—	—	—	—	(0.2)	(0.1)	0.2	—	—	—	—	—	0.1	1.3
Income Taxes - Other (by Type)	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	6.9	5.8	(0.5)	8.9
Fair Value Adjustments - Other Assets	0.3	0.0	0.3	0.0	1.2	0.6	0.0	0.2	0.2	0.0	0.1	0.0	0.0	—	—	—	—	—	—
Valuation of Inventory - Gain/(Loss)	—	—	—	—	—	—	—	—	0.0	—	—	—	—	—	—	—	—	—	—
Net Income after Tax	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Income before Discontinued Operations & Extraordinary Items	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Net Income before Minority Interest	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Net Income after Minority Interest	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Income Available to Common Shares	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Other Comprehensive Income - Starting Line	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	—	—	—	—	—	—	—	—	—	—	—	—
Other Comprehensive Income - Unrealized Investment Gain/(Loss)	(0.3)	0.4	(0.0)	0.3	(0.3)	0.0	(0.0)	—	—	—	—	—	—	—	—	—	—	—	—
Other Comprehensive Income - Pension Related	10.6	(7.1)	(0.2)	0.2	(1.2)	2.8	0.4	—	—	—	—	—	—	—	—	—	—	—	—
Other Comprehensive Income - Net of Tax - Total	10.3	(6.7)	(0.2)	0.5	(1.5)	2.8	0.4	—	—	—	—	—	—	—	—	—	—	—	—
Comprehensive Income before Minority Interest - Total	0.6	(21.0)	(17.0)	(10.5)	1.1	6.1	2.7	—	—	—	—	—	—	—	—	—	—	—	—
Comprehensive Income - Attributable to Parent Company Equity Holders - Total	0.6	(21.0)	(17.0)	(10.5)	1.1	6.1	2.7	—	—	—	—	—	—	—	—	—	—	—	—
DPS - Common - Gross - Issue - By Period End Date Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.50	1.50	0.00	2.00	2.00	2.50	2.00	—	1.75	1.75	1.50	0.00	2.00
Net Income - Basic - including Extraordinary Items Applicable to Common - Total	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Income available to Common excluding Extraordinary Items	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Shares used to calculate Basic EPS - Total mn	5,102.7	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	—	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	0.95	1.00	(0.31)	1.21
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	2.30	2.14	(0.40)	2.96
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs	2.01	(1.68)	(2.91)	(1.13)	0.86	1.19	1.10	1.67	1.28	0.57	0.38	0.78	3.12	—	1.40	0.92	0.96	(0.30)	1.21
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	—	—	—	—	—
Earnings Allocation Factor - Basic - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	—	—	—	—	—	—
Shares used to calculate Basic EPS - Issue Specific mn	5,102.7	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	—	—	—	—	—	—
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	0.95	1.00	(0.31)	1.21
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	0.95	1.00	(0.31)	1.21
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs	2.01	(1.68)	(2.91)	(1.13)	0.86	1.19	1.10	1.67	1.28	0.57	0.38	0.78	3.12	—	1.40	0.92	0.96	(0.30)	1.21
EPS - Basic from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	(1.35)	(1.14)	0.09	(1.75)
Comprehensive Earnings Per Share - Basic - Issue Specific Rs	0.12	(4.13)	(3.33)	(2.05)	0.22	1.20	0.54	—	—	—	—	—	—	—	—	—	—	—	—
Dilution Adjustment	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	0.0
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Diluted Income available to Common excluding Extraordinary Items	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	8.4	4.9	5.1	(1.6)	6.2
Shares used to calculate Diluted EPS - Total mn	5,102.7	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	—	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	2.30	2.14	(0.40)	3.29
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	2.30	2.14	(0.40)	2.96
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs	2.01	(1.68)	(2.91)	(1.13)	0.86	1.19	1.10	1.67	1.28	0.57	0.38	0.78	3.12	—	1.40	0.92	0.96	(0.30)	1.21
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific	(9.7)	(14.4)	(16.7)	(10.9)	2.6	3.3	2.4	5.7	4.3	1.6	1.9	4.0	15.8	—	—	—	—	—	—
Earnings Allocation Factor - Diluted - Issue Specific	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	1.00×	—	—	—	—	—	—
Shares used to calculate Diluted EPS - Issue Specific mn	5,102.7	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	5,100.0	—	—	—	—	—	—
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	0.95	1.00	(0.31)	1.21
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs	(1.91)	(2.82)	(3.28)	(2.14)	0.50	0.64	0.47	1.12	0.85	0.32	0.37	0.78	3.09	—	1.65	0.95	1.00	(0.31)	1.21
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs	2.01	(1.68)	(2.91)	(1.13)	0.86	1.19	1.10	1.67	1.28	0.57	0.38	0.78	3.12	—	1.40	0.92	0.96	(0.30)	1.21
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00	0.00	0.33
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs	0.12	(4.13)	(3.33)	(2.05)	0.22	1.20	0.54	—	—	—	—	—	—	—	—	—	—	—	—
DPS - Common - Gross - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.00	0.00	0.50	0.50	1.00	1.00	2.00	2.50	2.00	1.00	—	1.75	3.25	1.50	2.00	2.00
DPS - Common - Net - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.00	0.00	0.45	0.50	0.90	0.90	1.80	2.25	1.80	0.90	—	1.58	2.93	1.35	1.80	1.80
Earnings before Interest & Taxes (EBIT)	31.0	11.9	3.7	1.7	8.1	9.0	9.9	12.5	5.4	7.4	4.7	6.6	22.4	—	17.3	23.3	17.7	22.0	39.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA)	83.7	58.8	47.7	42.1	44.1	43.6	44.4	45.0	39.0	39.7	36.7	35.0	47.2	—	39.3	45.0	37.0	38.8	69.7
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments	—	—	—	45.4	45.3	44.0	44.8	48.9	42.7	43.9	41.0	36.9	48.1	—	—	—	—	39.3	70.6
Depreciation & Amortization - Supplemental	52.7	46.8	44.0	40.4	36.0	34.6	34.5	32.5	33.5	32.3	27.8	25.0	23.6	—	22.0	21.7	19.3	16.8	15.4
Depreciation Expense - Total - Supplemental	45.0	39.1	36.6	33.1	31.2	31.0	31.0	29.1	30.0	28.7	28.3	25.4	23.9	—	21.4	21.2	19.0	16.6	15.1
Depreciation - Financial Lease Right-of-Use Assets - Supplemental	10.4	6.5	6.6	4.4	4.0	3.9	3.5	0.0	—	—	—	—	—	—	—	—	—	—	—
Amortization - Total - Supplemental	7.7	7.7	7.4	7.4	4.8	3.6	3.6	3.4	3.6	3.6	(0.5)	(0.4)	(0.3)	—	0.6	0.5	0.3	0.3	0.3
Intangible Amortization - Other - Supplemental	7.7	7.7	7.4	7.4	4.8	—	—	—	—	3.6	—	—	—	—	0.6	0.5	0.3	0.3	—
Depreciation, Depletion & Amortization - Total	52.7	46.8	44.0	40.4	36.0	34.6	34.5	32.5	33.5	32.3	32.0	28.4	24.7	—	22.0	21.7	19.3	16.8	30.5
Amortization of Deferred Costs - Supplemental	—	—	—	—	—	—	—	—	—	—	(0.5)	(0.4)	(0.3)	—	—	—	—	—	—
Depreciation - Total	45.0	39.1	36.6	33.1	31.2	31.0	31.0	29.1	30.0	28.7	28.3	25.4	23.9	—	21.4	21.2	19.0	16.6	30.2
Amortization of Intangible Assets including Goodwill - Total	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.3
Amortization of Intangible Assets excluding Goodwill - Total	7.7	7.7	7.4	7.4	4.8	3.6	3.6	3.4	3.6	3.6	3.7	3.1	0.8	—	0.6	0.5	0.3	0.3	0.3
Labor & Related Expenses - Total	6.9	—	—	29.1	28.1	25.0	20.3	18.6	17.6	17.9	18.3	19.3	17.6	—	4.1	3.4	2.9	1.6	15.0
Labor & Related Expenses - Supplemental	6.9	—	—	29.1	28.1	25.0	20.3	18.6	17.6	17.9	18.3	19.3	17.6	—	4.1	3.4	2.9	1.6	15.0
Research & Development Expense - Expensed & Capitalized - Total - Supplemental	—	—	—	—	—	—	—	—	1.3	0.3	0.3	0.3	0.3	—	0.2	0.3	0.5	0.6	0.6
Research & Development Expense - Supplemental	—	—	—	—	—	—	—	—	1.3	0.3	0.3	0.3	0.3	—	0.2	0.3	0.5	0.6	0.6
Auditor Fees	0.0	0.0	0.0	0.0	0.0	0.0	—	—	0.0	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0
Audit-Related Fees	0.0	0.0	0.0	0.0	0.0	0.0	—	—	0.0	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0
Tax Fees	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.0	0.0	0.0	—	—
Fees - Other	—	—	—	—	—	—	—	—	0.0	0.0	—	—	—	—	0.0	0.0	0.0	0.0	0.0
Normalized after Tax Profit	10.3	(8.6)	(14.9)	(5.8)	4.4	6.1	5.6	8.5	6.5	2.9	1.9	4.0	15.9	—	7.1	4.7	4.9	(1.5)	6.1
Normalized Net Income from Continuing Operations	10.3	(8.6)	(14.9)	(5.8)	4.4	6.1	5.6	8.5	6.5	2.9	1.9	4.0	15.9	—	7.1	4.7	4.9	(1.5)	6.1
Normalized Net Income - Bottom Line	10.3	(8.6)	(14.9)	(5.8)	4.4	6.1	5.6	8.5	6.5	2.9	1.9	4.0	15.9	—	7.1	4.7	4.9	(1.5)	6.1
Earnings before Interest & Taxes (EBIT) - Normalized	32.4	19.1	5.7	(1.2)	9.4	11.3	12.7	12.5	11.3	8.4	6.5	7.6	25.4	—	17.2	20.7	18.4	(1.1)	22.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized	85.1	65.9	49.7	39.2	45.3	45.9	47.2	45.1	44.8	40.7	38.5	36.0	50.1	—	39.2	42.4	37.7	15.7	52.7
Depreciation of Financial Lease Right-of-Use Assets	10.4	6.5	6.6	4.4	4.0	3.9	3.5	—	—	—	—	—	—	—	—	—	—	—	—
Interest Expense on Financial Lease Liabilities - Supplemental	5.9	3.1	2.1	1.9	1.9	2.1	2.0	—	—	—	—	—	—	—	—	—	—	—	—
Rental/Operating Lease Expense	—	—	—	3.3	1.2	0.4	0.4	4.0	3.7	4.2	4.3	1.9	0.9	—	—	—	—	0.4	0.9
Advertising Expenses - Supplemental	—	—	—	3.4	3.2	2.6	3.1	3.4	2.9	3.1	3.6	3.5	3.4	—	3.1	3.3	2.7	2.1	1.3
Interest Expense	32.8	41.7	40.2	15.9	7.0	5.4	7.7	3.9	4.9	2.9	2.4	1.4	1.4	—	2.7	2.2	1.9	1.2	0.2
Operating Expenses	220.8	207.8	184.9	149.4	129.5	120.4	119.6	114.4	111.6	109.8	113.9	123.3	108.8	—	85.3	75.6	75.0	69.6	42.2
Selling, General & Administrative Expenses excluding Research & Development Expenses	53.0	45.5	39.0	28.3	25.9	23.8	22.8	21.3	19.4	20.2	24.4	32.2	22.7	—	18.2	15.4	17.1	16.3	36.5
Income before Taxes & Provision for Loan Losses	(14.8)	(20.9)	(22.9)	(17.1)	3.4	4.6	3.6	6.9	6.4	4.3	4.0	6.2	23.8	—	15.8	18.6	16.7	(2.5)	24.0
Cost of Revenue including Operation & Maintenance (Utility) - Total	167.8	162.4	145.9	121.0	103.5	96.6	96.1	92.5	88.5	86.2	87.8	88.9	84.1	—	66.9	62.0	55.2	50.8	2.6
Cost of Revenues excluding Depreciation	119.0	119.9	105.5	83.8	70.2	64.9	63.9	62.4	56.5	55.6	58.3	63.0	61.6	—	46.4	41.4	73.6	67.0	(12.5)
Generation Cost	—	—	—	121.0	103.5	96.6	96.1	92.5	88.5	86.2	87.8	88.9	84.1	—	—	—	—	—	2.6
DPS - Common - Gross - Issue - By Payable Date Rs	0.00	0.00	0.00	0.00	0.00	0.50	0.50	1.00	1.00	2.00	2.50	2.00	1.00	—	3.50	3.25	0.00	2.00	5.00
DPS - Common - Gross - Issue - By Ex Date Rs	0.00	0.00	0.00	0.00	0.00	0.50	0.50	1.00	1.00	2.00	2.50	2.00	1.00	—	1.75	3.25	0.00	2.00	2.00
Tax Adjusted Operating Income	—	—	—	—	7.9	7.2	7.4	8.9	7.6	2.7	3.0	4.9	16.7	—	9.9	5.4	5.7	—	6.2
Operating Expenses excluding Non-Cash Charges - Total	168.1	161.0	140.9	108.9	93.5	85.8	85.1	81.9	78.0	77.5	81.9	94.9	84.1	—	63.3	53.9	55.7	52.8	11.7
Income Available to Common Shares before Depreciation & Amortization	42.9	32.4	27.3	29.5	38.5	37.9	36.9	38.2	37.8	33.9	33.9	32.4	40.5	—	30.4	26.5	24.4	15.3	36.7
Fixed Charges	32.8	41.7	40.2	15.9	7.0	5.4	7.7	3.9	4.9	2.9	2.4	1.4	1.4	—	2.7	2.2	1.9	1.2	0.2
Estimated Tax Rate	0.29×	0.29×	0.29×	0.29×	0.29×	0.35×	0.30×	0.30×	0.31×	0.32×	0.33×	0.34×	0.35×	—	0.35×	0.35×	0.35×	0.35×	0.35×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs	0.00	0.00	0.00	0.00	0.00	0.50	0.50	1.00	1.00	2.00	2.50	2.00	1.00	—	1.75	3.25	1.50	2.00	2.00

Every line the company reported, in the original order and wording, without regrouping or signs changed.