Fourth Quarter 2025: Resilient performance amid macro headwinds
Dhaka, February 3, 2026: Grameenphone Ltd. reported a total revenue of BDT 3,858 crore for the fourth quarter of 2025, registering a growth of 3.3% from the same period last year amid the challenging economic condition. The company reported a total subscriber base of 8.39 crore at the end of the fourth quarter. 58.1% of Grameenphone’s total subscribers, or 4.87 crore, are using internet services.
“We are sustaining our network leadership and strengthening our position as the most reliable and secure connectivity partner. Our progress here is anchored around three core pillars: building a strong foundation, driving efficiency, and scaling real AI adoption. Over the past several quarters, we have faced strong macro headwinds and later saw some early signs of stabilization as well. The year 2025 has particularly been the year of recovery for us. While the environment remains tough, Q4 results shows that we’re moving in the right direction- growing revenue, protecting profitability, and generating strong cash flow, while continuing to build a more value-focused and resilient business for the long term.” said Yasir Azman, Chief Executive Officer of Grameenphone Ltd.
“As digital adoption accelerates, cybersecurity has become central to trust in connectivity. Grameenphone continues to differentiate itself by operating the safest network in the market, supported by advanced, multi-layer cybersecurity capabilities. Beyond securing our own systems, we have extended protection to customers through GP Shield, reinforcing our role as a trusted partner in enabling a safe and secure digital ecosystem. While growth remains constrained in the near term due to the macro headwinds, we see strong long-term opportunity in Bangladesh’s digitization journey. We remain committed to partnering with the government to support national digital priorities and unlock sustainable value for the economy and society.”, he added.
Otto Magne Risbakk, Chief Financial Officer of Grameenphone said, “Consumer spending continues to be under pressure, purchasing power remains subdued, and hence we continue to operate with a strong focus on cost discipline. We executed a range of strategic and commercial initiatives over the course of the year, which worked as we progressed each quarter. In the last two quarters of 2025, we registered growth in our topline with 1.4% increase in the last quarter and 3.3% this quarter. We continued our strict cost and capital discipline, and this quarter overall cost increased only 1.5% year-over-year against inflation of around 8%. Moving to NPAT, we recorded a modest 2.6% growth year-over-year, largely driven by higher depreciation and amortization linked to recent investments in spectrum and the network, depreciating currency and heavy taxes. These costs do weigh on the bottom line in the short term, but they are also investments that strengthen the business and support future growth.
For 2025, the Board is proposing a second dividend of 10.5 taka per share, following interim dividend of 11.0 taka per share already paid after H1. This brings the total declared dividend for the year to 21.5 taka, representing 98.2% of NPAT. I would also highlight our tax contributions to reflect on a broader perspective that value creation does not stop with shareholder returns. Our contribution of 12,156 crore to the national exchequer in 2025 is a powerful reflection of that role. We are proud to be among the largest taxpayers in Bangladesh, and this reinforces the importance of profitable, responsibly managed companies to the wider society and economy.”
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