Grameenphone, in the first quarter of 2026, saw an increase in profit despite a revenue decrease, showcasing strong cost management and operational efficiency amid a challenging economic landscape. The company’s total revenue stood at Tk 3,758 crore, marking a 2 percent decline compared to the previous year. However, net profit surged by 4.4 percent year-on-year to Tk 662 crore.
At the end of the quarter, Grameenphone’s subscriber base was 8.42 crore, with 58.4 percent (4.92 crore) being internet users. Data usage per user rose to approximately 7.7 gigabytes, up by 5.4 percent year-on-year, while active data users increased by 1.7 percent.
Profitability was boosted significantly by cost optimization measures. The company reported a 2 percent reduction in operating expenses and a notable 7.3 percent decrease in the cost of goods sold.
Although EBITDA experienced a 1.5 percent decline year-on-year, the decrease was less than the drop in revenue, maintaining a robust EBITDA margin of around 58 percent. Grameenphone’s CEO, Yasir Azman, expressed satisfaction with the stable performance, highlighting resilience and discipline in navigating external challenges.
Azman emphasized the company’s strategic investments in network, IT, spectrum, and AI-driven programs to build a more efficient and scalable operating model. Grameenphone aims to evolve into an AI-first telco, with ongoing initiatives in AI technologies across network and operations expected to yield visible benefits in the upcoming quarters.
The recent acquisition of 700 MHz spectrum is set to enhance rural coverage and improve indoor network experience, addressing coverage gaps and supporting future data growth and digital inclusion. Grameenphone is strategically positioned to support the government’s digitalization agenda and contribute to building a sustainable telecom ecosystem for national digital transformation.