For the Year 2024
Presented By: Mohammad Nadeem Khan, GCFO
Dated: 13-05-2025
1
PTCL Group Overview
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PTCL Group
Largest fiber footprint of ~ 70,000 km
Carrier of Carriers with
8.37 Tbps traffic (11% YoY growth)
26 Mn mobile base with 16 Mn 4G subs
300+
Branch Network
Largest Broadband
base of 1.8 Mn
3 Tier-III Certified
Data Centers & Cloud
10.8k 4G towers with fast-paced
network rollout & modernization
30 standalone
Islamic Branches
Pakistan's
Largest FTTH Operator
Connects Pakistan to the rest of
the world with 4 submarine cables
Best in industry
network quality
230+
ATM network
PTCL Group Key Strengths
PTCL Group is the only integrated telecom provider in Pakistan
2ndlargest operator by revenue
Un-paralleled network infrastructure and services across the value chain
Well positioned to capitalize on digital potential of Pakistan
Vision
We Strive to Win And Never Accept Defeat
Mission
To Become the Largest Technology Player by 2027
Values
BE RESILIENT
THINK BIG
WIN EVERY BATTLE
VALUE SUCCESS
PTCL Management
Hatem Mohamed Bamatraf President and Group Chief Executive Officer
Mohammad Nadeem Khan
Group Chief Financial Officer
Jafar Khalid
Group Chief Technology & Information Officer
Syed Atif Raza
Group Chief Commercial Officer & Marketing Officer
Zahida Awan
Group Chief Legal Officer & Company Secretary
Naveed Khalid Butt
Group Chief Regulatory Officer
Syed Mazhar Hussain
Advisor to President & Group CEO
Shahid Abbas
Group Chief Internal Auditor
Muhammad Shehzad Yousuf
Chief Retail Sales Officer-Fixed Line
Ahmad Kamal
Group Chief Customer Care Officer
PTCL Retail Services
Wireline Broadband
Flash Fiber
Voice
Smart TV and Content
Powered by
1.78M
668K
113K
FBB Subs
5.6% Growth
Highest ever
FBB Sa
les in a year
Highest every
FBB Net Adds in a year
PTCL Retail Achievements in 2024: A year of Growth, and Excellence
All growths are Y'24 vs. Y'23
Crossed PKR 5B
mark in Aug'24
16% YoY Retail
Revenue Growth
Encouraging Revenue Growths
2x
PKR 9.7B inc. revenue
FTTH Revenue
Growth
18 pp. YoY imp
20%
16%
46%
FTTH Revenue Share
in FBB
FBB Revenue
Growth
Shoq/IPTV Revenue
Growth
~6pp YoY imp
36%
Base Market Share
No. 1
FTTH Operator
678K
65% YoY Growth
FTTH Subs
Crossed 600k in Sep'24
281K
Highest ever
FTTH Sa
les in a year
266K
50% of Industry Net Adds
Highest ever
FTT
H Net Adds
in a year
1.6M
500K New Rollout in 2024
Cumulative FTTH Home Pa8sses
PTCL Flash Fiber is now the leading FTTH operator
FTTH Net Adds Share
(Dec'24 vs Dec'23)
FTTH Industry Subs ('000)
(Dec'24 vs Dec'23)
412
567
153 181
197
244
Flash Fiber
Storm Fiber
Nayatel
Connect Communication
Dec'24
53
Transworld
Others
Dec'23
68
156
674
141
410
+65% +38% +18% +10% +30% +24%
Growth
3.0%
2.8%
5.2%
8.9%
29.6%
50.4%
8%
2024 vs 2023
Revenue Growth
Carrier of Carriers
Carrying 8.37 Tbps of traffic domestically & internationally
(11% YoY Growth)
Key Partners
Offers multiple solutions including Connectivity, Smart Solutions & Managed Services.
Wide range of solutions offerings
Data Centre
VSAT
Submarine
Cable
Security Operations Center
IP Bandwidth
Digital Solutions
Clientele from multiple corporate sectors including majority of Telecom & Banks as well as Government,
Education,
Healthcare, etc.
Digital Segments in Business Solutions have shown remarkable growth with key wins in both Public/Private & International Customers
29%Data Center
YoY Revenue Growth FY 2023: PKR 1.8 B
FY 2024: PKR 2.3 B
92%Cloud
YoY Revenue Growth FY 2023: PKR 1.5 B
FY 2024: PKR 2.8 B
103%ICT Solutions
YoY Revenue Growth
FY 2023: PKR 1.6 B
FY 2024: PKR 3.2 B
Bank AL Habib Limited
Data Center
Program Monitoring & Implementation Unit ICT Virtual Storage
PITB
Information Security Solution
Lanka Orix Leasing
Co (LOLC)
Cloud
Controller General of
Accounts
ICT Sales
Zarai Taraqiati Bank Limited (ZTBL)
ICT Sales
United Bank Limited
A2P SMS Deal
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Ufone closed 2024 with a remarkable display of resilience and strength across multiple fronts
25% YoY Revenue Growth
16M
14%
YoY Growth
4G
Subs
11% YoY Growth. Highest in industry
18M
Data Subs
34%
4G Data
Traffic Growth
YoY
11%
Daily
Act Base
YoY Growth
4G Data
21%
Postpaid
Cons
umer Base
YoY Growth
5%
High Value
Sales
YoY Growth
Leading Branch &
ATM Network
300+
Branches
30
230+
ATMs
Standalone Islamic Branches
Ubank offers diverse portfolio of microfinance banking services, including;
Microfinance Loans & Deposits
Islamic Banking
Disbursements
PKR 68.7 Bn
Deposits
136.6 Bn
YoY growth 31%
2024 vs. 2023
International Remittances
Rural & Urban Retail Banking
Corporate Finance &
Investment
Key Financial HighlightsRevenue 2024
PKR 220Bn
16 %
YoY Growth*
Key Financial Highlights - 2024
PTCL Group reported revenue stands highest ever with double digit revenue growth.
12 %
YoY Growth
25 %
YoY Growth
2 %
YoY Growth
All OPCOs contributed towards the positive revenue growth of PTCL Group.
P&L - PTCL Group
PKR Million
P&L - PTCL Group
2024 | 2023 Restated | Variance |
Revenue | 219,782 | 188,667 | 31,115 | 16% |
Cost of Sales | (162,382) | (145,932) | (16,451) | -11% |
Gross Profit | 57,400 | 42,735 | 14,664 | 34% |
Admin & Gen. Expense | (32,859) | (26,801) | (6,059) | -23% |
Selling & Marketing Expense | (13,305) | (12,268) | (1,037) | -8% |
Impairment loss on trade debts | (5,117) | (1,394) | (3,724) | -267% |
Operating Profit/(Loss) | 6,118 | 2,273 | 3,845 | 169% |
Other Income | 25,619 | 30,401 | (4,783) | -16% |
Finance Cost | (52,634) | (55,537) | 2,903 | 5% |
Loss before Tax | (20,897) | (22,863) | 1,965 | 9% |
Taxation | 6,503 | 6,133 | 370 | 6% |
Loss for the period | (14,394) | (16,729) | 2,335 | 14% |
107,766 (79,491) |
28,276 (9,027) (4,853) (2,146) |
12,250 17,224 (22,588) |
6,885 (2,060) |
4,826 |
PKR Million
P&L - PTCL | |||||
2024 | 2023 | Variance | |||
Revenue | 96,267 | 11,500 | 12% | ||
Cost of Service | (73,767) | (5,724) | -8% | ||
Gross profit | 22,500 | 5,775 | 26% | ||
Admin & Gen. Expense | (8,411) | (617) | -7% | ||
Selling & Marketing Expense | (4,545) | (308) | -7% | ||
Impairment loss on trade debts | (1,619) | (527) | -33% | ||
Operating Profit | 7,926 | 4,324 | 55% | ||
Other Income | 19,410 | -2,185 | -11% | ||
Finance Cost | (13,429) | (9,159) | -68% | ||
Profit before Tax | 13,906 | -7,020 | -50% | ||
Taxation | (4,515) | 2,456 | 54% | ||
Profit for the period | 9,391 | -4,565 | -49% | ||
PTCL Revenue
PKR Million
2024 | 2023 | Variance (%) | |
Broadband & IPTV | 49,281 | 41,185 | 20% |
Wireless Data | 1,059 | 1,664 | -36% |
Voice Services | 8,685 | 8,254 | 5% |
Retail | 59,025 | 51,103 | 16% |
Corporate & Wholesale | 38,624 | 34,873 | 11% |
International | 10,117 | 10,291 | -2% |
Total | 107,766 | 96,267 | 12% |
PKR Million
Balance Sheet
Dec-23
Dec-24
Property, Plant and Equipment | 161,173 | 144,018 |
Long term loans and advances | 51,781 | 32,225 |
Long term investments | 76,236 | 71,836 |
Other Non Current Assets | 8,460 | 6,370 |
Non Current Assets | 297,649 | 254,449 |
Trade debts | 60,563 | 52,587 |
Stores and spares | 8,201 | 9,433 |
Cash & Cash Equivalents | 12,088 | 10,029 |
Other current assets | 79,184 | 61,103 |
Current Assets | 160,037 | 133,153 |
Total Assets | 457,686 | 387,602 |
Share capital | 51,000 | 51,000 |
Reserves | 64,108 | 66,368 |
Equity | 115,108 | 117,368 |
Non-current liabilities | 124,625 | 103,138 |
Current liabilities | 217,953 | 167,095 |
Total Liabilities & Equity | 457,686 | 387,602 |
Cash Flow Statement - PTCL | ||
PKR Million | ||
Cash Flow Statement | ||
2024 | 2023 | |
Cash Flows from operating activities | 28,222 | 19,407 |
Cash Flows from investing activities | (43,218) | (57,721) |
Cash Flows from financing activities | (5,847) | 18,537 |
Net Inc/(Dec) in Cash & Cash Equivalents | (20,843) | (19,778) |
Opening Cash & Cash Equivalents | (14,185) | 5,592 |
Closing Cash & Cash Equivalents | (35,029) | (14,185) |
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