Grameenphone (GP) investor relations material

Executive summary

• Delivered resilient performance in Q1 2026 despite macroeconomic and geopolitical headwinds, maintaining operational and financial stability.

• Focused on digital transformation, AI-driven initiatives, and network modernization to drive future growth and customer engagement.

• Achieved nationwide digital distribution and significant digital channel revenue growth, with MyGP app penetration rising.

• Net profit for Q1 2026 was BDT 6,619 million, up 4.4% year-over-year, with basic EPS rising to BDT 4.90.

• Continued disciplined investment in network, spectrum, and sustainability initiatives.

Financial highlights

• Total revenue declined 2% year-over-year to BDT 37,579 million, mainly due to weaker voice revenue not fully offset by data growth.

• EBITDA decreased by 1.5% year-over-year to BDT 22 billion, with a stable margin of nearly 58%.

• Net profit after tax rose 4.4% year-over-year to BDT 6.6 billion, reflecting strong cost control and lower depreciation.

• Operating cash flow increased by 5.4% year-over-year, reaching BDT 18.1 billion.

• Earnings per share rose to BDT 8.8 from BDT 7.5 in Q1 2025.

Outlook and guidance

• Expect continued macroeconomic and geopolitical uncertainty, with potential upward pressure on energy costs.

• Data growth anticipated to return to double digits as macro conditions normalize.

• Scaling AI-driven networks and platforms and collaborating with government to accelerate digital growth.

• Ongoing focus on cost efficiency, digital adoption, and disciplined investment to support resilience and future growth.

• Capital commitments for property, plant, and equipment and intangible assets remain significant.