Grameenphone Ltd. · DSEBD:GP
Grameenphone — Q3 2025 Earnings Presentation
21 slides from Grameenphone's earnings presentation, Oct 28, 2025
Slide 1: Grameenphone Q3 2025 Earnings Call
Grameenphone Q3 2025 Earnings Call 28 October 2025
Slide 2: Disclaimer
Disclaimer This presentation is intended only for and directed solely at individuals who are considered "relevant persons" under applicable law. Any individual who is not a relevant person should not rely on or act upon the information presented herein. The information contained in this presentation
Slide 3: Industry and Macro Updates
Industry and Macro Updates Q3 2025 Sensitivity: Internal
Slide 4: Industry and Macro Update
Industry Update: • Subscriber and data user growth trends • New Network and Licensing Policy introduced Macro Update: • Point to point inflation rate 8.36% • Foreign exchange reserve $26.6 Billion • USD to BDT rate stable • GDP growth rate ~3.8% • Private sector growth rate 6.4% Q3 2025 Sensitivity:
Slide 5: Highlights of the Quarter
Highlights of the Quarter 5G commercial launch Simplifying for growth Back to Growth Strategic, phased rollout to build Driving smarter usage behavior sustainable 5G leadership through portfolio simplification Resilient growth in a cautiously recovering economy
Slide 6: 5G commercial launch
Highlights of the Quarter Back to Growth Simplifying for growth Resilient growth in a cautiously 5G commercial launch Driving smarter usage behavior recovering economy through portfolio simplification Strategic, phased rollout to build sustainable 5G leadership
Slide 7: Simplifying for growth
Highlights of the Quarter Back to Growth 5G commercial launch Resilient growth in a cautiously Strategic, phased rollout to build Simplifying for growth recovering economy sustainable 5G leadership Driving smarter usage behavior through portfolio simplification
Slide 8: Advancing innovation and efficiency with AI and Analytics
Q3’25 Updates Advancing innovation and efficiency with AI and Analytics 1. Building intelligent network for a better customer experience 2. AI-backed smart energy saving solution 3. Hyper-personalization
Slide 9: Shaping the future with our sustainable vision
Environmental, Social and Governance Shaping the future with our sustainable vision Environmental Social Governance Health and Safety Driving the shift to Green Upskilling Youth in AI and Becoming a preferred partner Ensuring physical and mental well- Energy in Bangladesh Digital Responsibility for
Slide 10: Financial Highlights of Q3'25
Financial Highlights of Q3’25 Overview of the financial results for this quarter
Slide 11: Financial Results of Q3'25: Back to Growth
Financial Results of Q3’25 Back to Growth Total revenues EBITDA Reported year-over-year growth of total The reported EBITDA YoY growth was: revenue in Q3’25 was: 1.4% compared to -3.8% in Q3’24. 1.7% compared to -8.7% in Q3’24. NPAT Operating Cash Flow Year-over-year growth of Net Profit after Tax T
Slide 12: 9th consecutive quarter of growth in subscriber and data user
Q3’25 Subscriber & Data User 9th consecutive quarter of growth in subscriber and data user Total Subscribers (Mn) Active Data Users* (Mn) +3.9% +1.2% 86.3 49.3 50.3 51.2 48.0 48.3 85.6 84.6 84.8 84.3 58.3% 58.3% 59.8% 56.9% 57.0% Q3’24** Q4’24 Q1’25 Q2’25 Q3’25 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Active D
Slide 13: ARPU and AMPBU stable despite post-Eid seasonality
Q3’25 Revenue metrics ARPU and AMPBU stable despite post-Eid seasonality Service ARPU (BDT) Data Usage (AMBPU) Service AMPU 157 7,846 7,434 153 7,307 179 152 6,713 170 168 165 148 161 6,031 145 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q3’24* Q4’24 Q1’25 Q2’25 Q3’25 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q3 2024 *exclud
Slide 14: Revenue rebounds riding on stable ARPU and data usage
Q3’25 Revenue Revenue rebounds riding on stable ARPU and data usage Total Revenue (BDT Bn) and Growth (YoY) Revenue development YoY (BDT Mn) +1.4% +1.4% 41.0 40,100 39.5 38.3 40.1 37.3 124 437 1.4% 39,539 -3.8% -2.5% -2.8% -7.2% Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Revenue Q3’24 Change in Change in Revenue
Slide 15: EBITDA growth outpacing revenue growth, driven by cost discipline
Q3’25 Opex & EBITDA EBITDA growth outpacing revenue growth, driven by cost discipline amid inflationary pressures Cost (BDT Bn) EBITDA* (BDT Bn) and Margin +1.0% +1.7% 16.3 16.0 16.3 16.4 16.5 24.6 23.2 23.6 2.3 2.4 2.2 -12.5% 21.4 22.0 2.6 2.3 60.0% 58.9% 58.7% 57.2% 57.4% 13.8 13.7 14.0 14.1 14.2
Slide 16: NPAT weighed down by higher D&A from new spectrum capitalization
Q3’25 Net Profit NPAT weighed down by higher D&A from new spectrum capitalization NPAT (BDT Bn) and Margin NPAT development (BDT) 5.6 5.0 4.7 6.5 5.6 Earnings per share (BDT) 0.6% 8.8 561 158 470 7.6 7.5 7,554 25 7,511 6.8 6.3 21.4% 19.1% 18.1% 18.7% 16.5% Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 NPAT Q3’24 Ch
Slide 17: Capital and Cost discipline protect Cash Flow and preserve strong Balance Sheet
Q3’25 OCF & Net debt Capital and Cost discipline protect Cash Flow and preserve strong Balance Sheet Capex1 (BDT Bn) OCF2 (BDT Bn) and OCF/Sales% Net debt3 (BDT Bn) and Net debt/EBITDA 3.6 0.04 +6.1% 4.8 21.4 20.5 19.3 (0.01) (0.01) 18.7 (0.02) 3.9 17.2 (1.26) (1.1) (2.2) 3.2 3.1 2.6 52.1% 51.1% 48.
Slide 18: Key Takeaways
Wrapping up Q3’25 Key Takeaways • Addressing slow economic recovery and rising costs through operational excellence • Driving innovation and creating higher value for customers • Positioned for emerging opportunities
Slide 19: Thank you.
Thank you. EMAIL: investor.relations@grameenphone.com WEBSITE: https://www.grameenphone.com/about/investor-relations For queries, please reach out to +8801755552271
Slide 20: Appendix Q3 2025
Appendix Q3 2025 20
Slide 21: Financial Highlights: Q3 summary
Q3’25 Financial Highlights Q3 summary 2Q25 3Q25 3Q24 YoY % Revenue 41.0 40.1 39.5 1.4% • Strong YoY Growth supported by leading Network • Higher Data usage and Pricing Actions lift ARPU EBITDA 24.6 23.6 23.2 1.7% Margin 60.0% 58.9% 58.7% • EBITDA growth riding on Cost Discipline and OE NPAT 8.8 7.5