PTC Pakistan Telecommunication Company Ltd

Pakistan Telecommunication Company Ltd (PTC) financial ratios

Pakistan Telecommunication Company Ltd earned a net margin of -3.9% in FY2025 against a five-year average of -4.9% (Technology & Communication median 5.8%). Return on equity was -26.7%, compared with a sector median of 10.7%. The current ratio stood at 0.70× and debt was 1,074.4% of equity. Cash took about 296 days to cycle through receivables, inventory and payables.

FY2025 vs the Technology & Communication median

Gross margin: 33.4%; Sector median 27.9%
Operating margin: 12.3%; Sector median 8.2%
Net margin: -3.9%; Sector median 5.8%
Return on equity (ROE): -26.7%; Sector median 10.7%
Return on assets (ROA): -1.1%; Sector median 7.5%
Current ratio: 0.70×; Sector median 1.51×
Debt to equity: 1,074.4%; Sector median 18.3%
Asset turnover: 0.29×; Sector median 0.41×

Median of the 21 companies in the sector with the figure for their latest fiscal year.

PTC financial ratios (annual) (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
Profitability
Gross margin	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%
EBITDA margin	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%
Operating margin	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%
Pre-tax margin	(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%
Net margin	(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%
Effective tax rate	—	—	—	—	24.0%	28.3%	34.6%	17.8%	32.4%	62.0%	53.5%	35.9%	33.8%	32.4%	46.7%	73.9%	69.5%	—	74.3%
Returns
Return on equity (ROE)	(26.7%)	(30.8%)	(25.5%)	(13.5%)	2.9%	3.8%	2.9%	6.7%	4.9%	1.8%	1.8%	3.5%	—	10.1%	7.8%	4.6%	4.9%	(1.4%)	5.6%
Return on assets (ROA)	(1.1%)	(2.0%)	(2.6%)	(1.9%)	0.6%	0.9%	0.7%	1.9%	1.4%	0.5%	0.6%	1.5%	—	5.2%	4.0%	2.3%	2.5%	(0.8%)	3.5%
Return on invested capital (ROIC)	—	—	—	—	4.5%	4.8%	5.8%	7.6%	6.5%	2.3%	2.5%	4.0%	—	9.9%	7.9%	4.6%	5.0%	—	4.9%
Liquidity
Current ratio	0.70×	0.83×	0.87×	0.86×	0.82×	0.86×	0.75×	0.88×	0.94×	0.96×	1.06×	0.97×	1.24×	1.63×	0.98×	1.10×	1.05×	1.54×	1.75×
Quick ratio	0.68×	0.81×	0.83×	0.83×	0.78×	0.83×	0.71×	0.82×	0.90×	0.93×	1.01×	0.93×	1.17×	1.55×	0.91×	1.00×	0.95×	1.37×	1.62×
Leverage
Debt to equity	1,074.4%	852.9%	329.4%	289.5%	122.5%	81.7%	66.4%	40.2%	35.9%	30.6%	22.2%	13.8%	0.6%	17.3%	18.7%	12.0%	8.6%	10.2%	13.5%
Debt to capital	91.5%	89.5%	76.7%	74.3%	55.1%	45.0%	39.9%	28.7%	26.4%	23.4%	18.2%	12.1%	0.6%	14.8%	15.8%	10.7%	8.0%	9.2%	11.9%
Debt to assets	41.5%	38.4%	29.3%	33.4%	22.5%	18.2%	16.0%	10.5%	10.5%	8.9%	7.4%	5.2%	0.3%	9.1%	9.5%	6.2%	4.2%	5.5%	8.5%
Assets to equity	24.07×	15.50×	9.79×	6.92×	4.98×	4.33×	3.99×	3.62×	3.42×	3.22×	2.83×	2.33×	—	1.94×	1.95×	1.98×	1.95×	1.71×	1.61×
Efficiency
Asset turnover	0.29×	0.30×	0.29×	0.27×	0.32×	0.35×	0.39×	0.41×	0.39×	0.39×	0.41×	0.49×	—	0.51×	0.49×	0.47×	0.46×	0.50×	0.46×
Receivable days days	336	326	304	290	274	257	218	188	168	147	139	120	—	94	85	71	69	71	93
Inventory days days	22	26	30	31	24	21	27	23	14	13	13	15	—	19	23	30	36	33	541
Payable days days	62	52	53	51	47	48	52	48	42	47	49	50	—	38	45	49	44	37	1,777
Cash conversion cycle days	296	300	281	270	251	229	193	164	140	113	103	85	—	75	64	52	60	68	(1,147)
Dividends
Dividend payout ratio	—	—	—	—	0.0%	0.0%	107.3%	89.3%	118.1%	314.3%	545.9%	321.4%	24.0%	0.0%	106.2%	183.7%	149.8%	—	122.0%
Earnings retention rate	—	—	—	—	1.00×	1.00×	(0.07×)	0.11×	(0.18×)	(2.14×)	(4.46×)	(2.21×)	0.76×	1.00×	(0.06×)	(0.84×)	(0.50×)	—	(0.22×)

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

PTC: frequently asked questions

What is PTC's EPS?

Pakistan Telecommunication Company Ltd reported basic earnings per share of Rs -1.91 for FY2025 (Jan – Dec 2025).

Does PTC pay dividends?

Pakistan Telecommunication Company Ltd did not declare a cash dividend for FY2025.

What was PTC's revenue and profit in FY2025?

Pakistan Telecommunication Company Ltd reported revenue of Rs 251.7 bn and profit attributable to shareholders of -Rs 9.7 bn for FY2025 (Jan – Dec 2025).

What is PTC's book value per share?

Pakistan Telecommunication Company Ltd's book value per share was Rs 7.23 at the end of FY2025. The shares trade at 7.36× book value.

Information only, not investment advice.