Grameenphone, the country’s largest mobile operator, recorded an 18% decline in profit in 2025, marking its lowest earnings in eight years. The telecommunications giant attributed the downturn to weak consumer spending and subdued purchasing power amid challenging macroeconomic conditions.
The company reported a profit of Tk 2,958 crore for 2025, down from Tk 3,631 crore in the previous year. GP CEO Yasir Azman acknowledged the difficulties faced throughout the year, stating that the company encountered strong macroeconomic challenges over several quarters before observing early signs of stabilization. He characterized 2025 as a recovery year for Grameenphone.
Revenue fell slightly by Tk 39 crore from the previous year’s Tk 15,845 crore.. Despite the reduced profitability, the company declared a 105 percent final cash dividend for 2025, bringing the total dividend for the year, including the interim payout, to 215 percent. This represents a significant decrease from the 330 percent cash dividend distributed the previous year. Earnings per share fell to Tk 21.90 from Tk 26.89 in 2024.
However, the fourth quarter of 2025 showed signs of improvement, with the company reporting revenue of Tk 3,860 crore, representing a 3.3 percent year-on-year increase despite the difficult economic environment. By year-end, Grameenphone’s total subscriber base reached 8.39 crore, with 4.87 crore users accessing internet services.
CEO Azman expressed cautious optimism about the company’s trajectory, noting that while the environment remains challenging, the fourth-quarter results demonstrate movement in the right direction, with growing revenue, protected profitability, and strong cash flow. He emphasized the company’s focus on building a more value-focused and resilient business for the long term.
Otto Magne Risbakk, chief financial officer of Grameenphone, highlighted the continued pressure on consumer spending and purchasing power, emphasizing the company’s strong focus on cost discipline. He noted that various strategic and commercial initiatives executed throughout the year proved effective as the company progressed through each quarter, helping navigate the challenging economic landscape.
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