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Staff Reporter : Grameenphone Ltd. reported a total revenue of BDT 4,103 crores for the second quarter of 2025, registering a decline of 2.8% from the same period last year mainly due to the challenging macro economy. The Company reported a total subscriber base of 8.63 crores at the end of the second quarter. 58.3% of Grameenphone’s total subscribers, or 5.03 crores, are using internet services.
“We’ve been navigating a challenging economic downturn since the second half of last year, that has put significant pressure on businesses across sectors, including telecom. Despite the tough macro environment, our strategic measures are starting to yield results. This quarter, robust cost discipline alongside QoQ revenue growth contributed to a 2% improvement in NPAT year-on-year. As part of our commitment to creating long-term value for our shareholders, we will be maintaining our dividend payouts to provide you with consistent and reliable returns. We are declaring interim dividend of 11 taka per share for the first half of 2025,” said Yasir Azman, Chief Executive Officer of Grameenphone Ltd.
“This year, for the first time in Bangladesh, Hajj pilgrims were able to use their local mobile balance in taka while roaming internationally-a major regulatory milestone achieved through strong industry and government collaboration. One of the key aspects of our transformation journey is digital growth, where we see MyGP continues to be a benchmark for digital platforms in the telecom sector as the largest local self-service app in Bangladesh, now engaging 2.25 crores monthly active users. Looking ahead, we’re stepping into the future with purpose—and that future is AI-led, it’s not a choice anymore, it’s inevitable. We are equipping our people & leadership team, rethinking our operations, and developing AI-driven models to boost efficiency, drive growth and provide better customer experience, he added.
Otto Magne Risbakk, Chief Financial Officer, Grameenphone, said, “The economy is showing some resilience, with the inflation staring to decline and FX remaining stable. On the other side, global trade tension is adding uncertainty, as the US market is important for the strong textile sector in Bangladesh. With this macro backdrop, we have focused on cost and capital discipline to protect margins while continuing to build on our leading position. Our costs dropped nearly 2% year-over-year, with declines in both COGS and operating expenses. On a YoY basis, we’ve registered a decline of 2.8% in total revenue, but a growth of 7% quarter-on-quarter, largely driven by higher data usage and increased activity surrounding the Eid period. EBITDA rose for the second consecutive quarter, reaching 2,462 crores this quarter, which is an 11.9% increase from the previous quarter. I am pleased to see that the good top line development and cost discipline now translates into solid NPAT growth of 2% year-over-year. If the current macro remains stable, I am hopeful that we will see good YoY growth in the second half of 2025.”
