PTCL Group reported a strong financial turnaround in Q1 2026, posting a consolidated net profit of Rs. 3.1 billion compared to a net loss of Rs. 4 billion in the same period last year. This recovery was driven primarily by improved operating performance across key business segments and the consolidation impact of Telenor Pakistan.

Group revenue recorded a substantial year-on-year increase of 58%, supported by the inclusion of Telenor Pakistan’s financials along with continued growth in fixed broadband, enterprise services, wholesale operations, and mobile connectivity. The expansion across these core revenue streams contributed significantly to overall top-line performance.

Operating profit for the Group registered a sharp increase of 564% year-on-year. This exceptional growth was supported by the consolidation of Telenor Pakistan, a continued recovery in Ubank’s performance, sustained improvement in Ufone’s operations, and stable results from PTCL’s core wireline business. The combined effect of these factors led to a significantly stronger operating base during the quarter.

In the wireline segment, PTCL delivered steady growth with revenue rising by 6.5% year-on-year. This performance was largely driven by strong demand in Flash Fiber services, which grew by 27%, along with an 11% increase in Business Solutions. The carrier and wholesale segment also maintained momentum, posting 14% growth over the same period last year. As a result, wireline operating profit increased to Rs. 4.6 billion, reflecting an 11% rise, while net profit stood at Rs. 0.9 billion for the quarter.

The wireless segment recorded exceptional growth in revenue, which rose by 131% year-on-year, primarily due to the consolidation of Telenor Pakistan and stronger performance across retail and corporate segments. Operating profit in this segment surged by 190% to Rs. 14.1 billion, driven by both the inclusion of Telenor Pakistan and improved financial results from Ufone. The segment also returned to profitability, reporting a net profit of Rs. 2.7 billion compared to a loss of Rs. 1.3 billion in the corresponding period last year.

In the banking segment, Ubank posted revenue of Rs. 5.8 billion during the quarter. More importantly, its profitability showed a marked improvement compared to the previous period, reflecting a clear recovery trend in its financial performance.