Pakistan Telecommunication Company Limited (PTCL), once the undisputed giant of Pakistan’s telecom industry, has posted yet another disastrous financial performance. For the half-year ended June 30, 2025, the company reported a staggering consolidated loss of Rs. 9.90 billion, deepening from last year’s Rs. 8.91 billion loss.
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The company has tried to shift the blame to a Rs. 5.89 billion non-cash pension adjustment, but the reality is harsher: PTCL’s financial health is deteriorating across the board. Its so-called “core operations” failed to generate profitability, and costs continue to spiral without effective management or accountability.
On a standalone basis, PTCL reported a Rs. 3.26 billion loss, a sharp and alarming reversal from the Rs. 1.14 billion profit it posted during the same period last year. This collapse in profitability clearly demonstrates the company’s inability to sustain itself even in the fixed-line and broadband sectors, where it once held a monopoly advantage.
Adding further disappointment, the board of directors declined to announce any dividend, depriving shareholders of returns while the company’s losses mount. Investors have been left bearing the brunt of PTCL’s financial mismanagement, with no assurance of recovery.
Despite the dire numbers, PTCL’s share price showed minimal movement, reflecting not confidence but market indifference toward a company that has repeatedly failed to deliver value. With billions in accumulated losses, shrinking profitability, and no dividend payout, PTCL’s latest results confirm its continuing decline and its failure to protect both customers and shareholders.