Announcement • Apr 14
Pakistan Telecommunication Company Limited to Report Q1, 2026 Results on Apr 21, 2026 Pakistan Telecommunication Company Limited announced that they will report Q1, 2026 results on Apr 21, 2026 Buy Or Sell Opportunity • Apr 14
Now 25% overvalued Over the last 90 days, the stock has fallen 17% to PK₨54.59. The fair value is estimated to be PK₨43.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 6.8%. Reported Earnings • Apr 11
Full year 2025 earnings released: PK₨1.91 loss per share (vs PK₨2.82 loss in FY 2024) Full year 2025 results: PK₨1.91 loss per share (improved from PK₨2.82 loss in FY 2024). Revenue: PK₨251.7b (up 12% from FY 2024). Net loss: PK₨9.75b (loss narrowed 32% from FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Feb 25
Full year 2025 earnings released: PK₨1.91 loss per share (vs PK₨2.82 loss in FY 2024) Full year 2025 results: PK₨1.91 loss per share (improved from PK₨2.82 loss in FY 2024). Revenue: PK₨251.7b (up 14% from FY 2024). Net loss: PK₨9.75b (loss narrowed 32% from FY 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 114% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 25
Pakistan Telecommunication Company Limited, Annual General Meeting, Apr 28, 2026 Pakistan Telecommunication Company Limited, Annual General Meeting, Apr 28, 2026. Location: at ptcl nest office, sector g-8/4, islamabad Pakistan New Risk • Feb 18
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Pakistani stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 48% per year over the past 5 years. Buy Or Sell Opportunity • Feb 17
Now 21% undervalued Over the last 90 days, the stock has risen 38% to PK₨53.20. The fair value is estimated to be PK₨66.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Announcement • Feb 12
Pakistan Telecommunication Company Limited to Report Fiscal Year 2025 Results on Feb 23, 2026 Pakistan Telecommunication Company Limited announced that they will report fiscal year 2025 results on Feb 23, 2026 Buy Or Sell Opportunity • Jan 30
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 67% to PK₨61.98. The fair value is estimated to be PK₨50.47, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Announcement • Jan 14
Pakistan Telecommunication Company Limited Announces Change of Director The Pakistan Telecommunication Company Limited announced that Mr. Abdulrahim A. Al Nooryani, Director has ceased to be a director of the company with effect from January 12, 2026 and Mr. Khalifa Al Shamsi has been appointed as the director. Buy Or Sell Opportunity • Jan 07
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 79% to PK₨63.99. The fair value is estimated to be PK₨50.81, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Dec 02
Now 20% undervalued Over the last 90 days, the stock has risen 82% to PK₨42.10. The fair value is estimated to be PK₨52.86, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Buy Or Sell Opportunity • Oct 24
Now 23% undervalued Over the last 90 days, the stock has risen 59% to PK₨37.87. The fair value is estimated to be PK₨49.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years, while earnings per share has been flat. Reported Earnings • Oct 22
Third quarter 2025 earnings released: PK₨0.25 loss per share (vs PK₨1.24 loss in 3Q 2024) Third quarter 2025 results: PK₨0.25 loss per share (improved from PK₨1.24 loss in 3Q 2024). Revenue: PK₨63.7b (up 15% from 3Q 2024). Net loss: PK₨1.28b (loss narrowed 80% from 3Q 2024). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 83% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Oct 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 54% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.8% average weekly change). Buy Or Sell Opportunity • Sep 23
Now 23% undervalued Over the last 90 days, the stock has risen 8.3% to PK₨26.17. The fair value is estimated to be PK₨33.91, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Reported Earnings • Aug 31
Second quarter 2025 earnings released: PK₨1.16 loss per share (vs PK₨0.68 loss in 2Q 2024) Second quarter 2025 results: PK₨1.16 loss per share (further deteriorated from PK₨0.68 loss in 2Q 2024). Revenue: PK₨62.7b (up 12% from 2Q 2024). Net loss: PK₨5.93b (loss widened 70% from 2Q 2024). Announcement • Aug 20
Pakistan Telecommunication Company Limited to Report Q2, 2025 Results on Aug 28, 2025 Pakistan Telecommunication Company Limited announced that they will report Q2, 2025 results on Aug 28, 2025 New Risk • Jun 24
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 8.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 57% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.9% average weekly change). Reported Earnings • Feb 14
Full year 2024 earnings released: PK₨2.82 loss per share (vs PK₨3.05 loss in FY 2023) Full year 2024 results: PK₨2.82 loss per share (improved from PK₨3.05 loss in FY 2023). Revenue: PK₨219.8b (up 17% from FY 2023). Net loss: PK₨14.4b (loss narrowed 7.4% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 43% per year, which means it is well ahead of earnings. Announcement • Feb 13
Pakistan Telecommunication Company Limited, Annual General Meeting, Apr 25, 2025 Pakistan Telecommunication Company Limited, Annual General Meeting, Apr 25, 2025. Location: at ptcl , nest office, sector g-8/4, islamabad Pakistan Reported Earnings • Oct 16
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: PK₨55.6b (up 14% from 3Q 2023). Net loss: PK₨6.32b (loss widened PK₨5.55b from 3Q 2023). New Risk • Sep 02
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.003x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.003x net interest cover). Earnings have declined by 68% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Aug 30
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: PK₨55.8b (up 17% from 2Q 2023). Net loss: PK₨3.40b (loss widened 21% from 2Q 2023). Reported Earnings • Apr 19
First quarter 2024 earnings released First quarter 2024 results: Revenue: PK₨49.2b (up 14% from 1Q 2023). Net loss: PK₨4.79b (loss narrowed 16% from 1Q 2023). Reported Earnings • Feb 14
Full year 2023 earnings released Full year 2023 results: Revenue: PK₨190.6b (up 26% from FY 2022). Net loss: PK₨14.1b (loss widened 82% from FY 2022). New Risk • Dec 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Earnings have declined by 65% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.0% average weekly change). Reported Earnings • Oct 20
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: PK₨48.6b (up 25% from 3Q 2022). Net loss: PK₨764.1m (loss narrowed 70% from 3Q 2022). New Risk • Aug 08
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.05x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.05x net interest cover). Earnings have declined by 60% per year over the past 5 years. Reported Earnings • Jul 20
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: PK₨47.8b (up 30% from 2Q 2022). Net loss: PK₨2.80b (loss widened 87% from 2Q 2022). Announcement • Jul 06
Pakistan Telecommunication Company Limited Announces Board Changes Pakistan Telecommunication Company Limited has announced the appointment of Mr. Imdad Ullah Bosal as a Director, effective from July 4, 2023. Mr. Bosal will be assuming the role previously held by Mr. Hamed Yaqoob Sheikh. Reported Earnings • Apr 12
Full year 2022 earnings released: PK₨1.53 loss per share (vs PK₨0.51 profit in FY 2021) Full year 2022 results: PK₨1.53 loss per share (down from PK₨0.51 profit in FY 2021). Revenue: PK₨151.6b (up 10% from FY 2021). Net loss: PK₨7.79b (down 402% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 19
Full year 2022 earnings released Full year 2022 results: Revenue: PK₨151.6b (up 10% from FY 2021). Net loss: PK₨7.79b (down 402% from profit in FY 2021). Board Change • Nov 16
No independent directors There are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 1 experienced director. 1 highly experienced director. No independent directors (9 non-independent directors). Non-Executive Director Abdulrahim Abdulla Al Nooryani is the most experienced director on the board, commencing their role in 2006. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 15
Third quarter 2022 earnings released Third quarter 2022 results: Revenue: PK₨38.8b (up 12% from 3Q 2021). Net loss: PK₨2.57b (down 444% from profit in 3Q 2021). Announcement • Oct 12
Pakistan Telecommunications Company Limited Appoints Ahad Khan Cheema as Director Pakistan Telecommunications Company Limited informed that Mr. Ahad Khan Cheema has been appointed as Directors of the company with effect from October 11, 2022 in place of Syed Hasnain Abbas Kazmi. Reported Earnings • Jul 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: PK₨36.7b (up 8.2% from 2Q 2021). Net loss: PK₨1.50b (down 213% from profit in 2Q 2021). Board Change • Apr 27
No independent directors There are 6 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: No independent directors. 9 non-independent directors. Director Hamed Sheikh was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Reported Earnings • Apr 13
Full year 2021 earnings released Full year 2021 results: Revenue: PK₨137.6b (up 6.3% from FY 2020). Net income: PK₨2.58b (down 21% from FY 2020). Profit margin: 1.9% (down from 2.5% in FY 2020). Reported Earnings • Feb 13
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: PK₨137.6b (up 6.3% from FY 2020). Net income: PK₨2.58b (down 21% from FY 2020). Profit margin: 1.9% (down from 2.5% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Announcement • Feb 11
Pakistan Telecommunications Company Limited Announces Board Changes Pakistan Telecommunication Company Limited announced that Mr. Hamed Yaqoob has been appointed as Director of the company with effect from February 09, 2022 in place of Mr. Yusuf Khan. Reported Earnings • Oct 19
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: PK₨34.5m (down 100% from 3Q 2020). Net income: PK₨746.8k (down 100% from 3Q 2020). Profit margin: 2.2% (down from 4.7% in 3Q 2020). Reported Earnings • Jul 16
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: PK₨33.9b (up 9.1% from 2Q 2020). Net income: PK₨1.33b (up 202% from 2Q 2020). Profit margin: 3.9% (up from 1.4% in 2Q 2020). Executive Departure • Jun 16
Chairman Shoaib Siddiqui has left the company On the 10th of June, Shoaib Siddiqui's tenure as Chairman ended after 1.9 years in the role. As of March 2021, Shoaib still personally held only 6.00k shares (PK₨47k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Executive Departure • Jun 16
Non-Executive Director Kamran Afzal has left the company On the 10th of June, Kamran Afzal's tenure as Non-Executive Director ended after less than a year in the role. We don't have any record of a personal shareholding under Kamran's name. A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 2.42 years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 22% share price gain to PK₨11.23, the stock trades at a trailing P/E ratio of 17.5x. Average trailing P/E is 22x in the Telecom industry in Asia. Total returns to shareholders of 17% over the past three years. Reported Earnings • Apr 15
First quarter 2021 earnings released: EPS PK₨0.32 The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: PK₨34.0b (up 6.6% from 1Q 2020). Net income: PK₨1.61b (up PK₨2.01b from 1Q 2020). Profit margin: 4.7% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 7% per year. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment improved over the past week After last week's 21% share price gain to PK₨10.10, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 21x in the Telecom industry in Asia. Negligible returns to shareholders over past three years. Is New 90 Day High Low • Mar 04
New 90-day low: PK₨8.53 The company is down 7.0% from its price of PK₨9.20 on 04 December 2020. The Pakistani market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 7.0% over the same period. Reported Earnings • Feb 11
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: PK₨129.4b (flat on FY 2019). Net income: PK₨3.27b (up 38% from FY 2019). Profit margin: 2.5% (up from 1.8% in FY 2019). Is New 90 Day High Low • Jan 10
New 90-day high: PK₨9.87 The company is up 4.0% from its price of PK₨9.45 on 12 October 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Telecom industry, which is up 6.0% over the same period. Announcement • Jan 09
Pakistan Telecommunication Company Limited Announces Change of Directors, with Effect from January 07, 2021 Pakistan Telecommunication Company Limited announced that Mr. Kamran Ali and Mr. Hassan Nasir Jamy has been appointed as Directors with effect from January 07, 2021 in place of Mr. Naveed Kamran Baloch and Mr. Rizwan Malik respectively. Is New 90 Day High Low • Nov 14
New 90-day low: PK₨8.90 The company is down 2.0% from its price of PK₨9.04 on 13 August 2020. The Pakistani market is flat over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Telecom industry, which is also down 2.0% over the same period. Reported Earnings • Oct 31
Third quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.26b, down 72% from the prior year. Total revenue was PK₨127.2b over the last 12 months, down 2.9% from the prior year. Announcement • Oct 20
Pakistan Telecommunication Company Limited Announces Executive Changes The Pakistan Telecommunication Company Limited (PTCL) Board of Directors has appointed Matthew Willsher, currently CEO of Etisalat Afghanistan, to the post of CEO PTCL Group (PTCL and Ufone) effective 1st December 2020. He succeeds Rashid Khan, who was President and CEO of the PTCL Group since March 2019 and decided to leave due to personal reasons. Matthew has been working in the telecom industry for over 25 years. Previously he has been CEO of Etisalat in Afghanistan and in Nigeria, and held CXO roles for Etisalat in UAE, Maxis in Malaysia, and CSL in Hong Kong. He has also worked in Australia, South Korea, Holland and the UK in a variety of commercial, operational and corporate roles. Matthew's career started in marketing for Procter and Gamble. Announcement • Oct 16
Pakistan Telecommunication Company Limited Announces Executive Changes Pakistan Telecommunication Company Limited announced that Mathew Wilsher has been appointed as Chief Executive Officer with effect from December 01, 2020 in place of Rashid Naseer Khan. Reported Earnings • Oct 15
Third quarter earnings released Over the last 12 months the company has reported total profits of PK₨1.26b, down 72% from the prior year. Total revenue was PK₨127.2b over the last 12 months, down 2.9% from the prior year. Announcement • Sep 19
Ufone Reportedly Prepares for Potential Merger Pakistan Telecom Mobile Company Limited (PTML), which operates under the Ufone brand, could be merged with another provider, although there was conflicting information from sources on whether Ufone is to be merged with majority shareholder Pakistan Telecommunication Company Limited (KASE:PTC) or if it will seek a tie-up with one of the nation’s three privately-owned cellcos. Local daily Pakistan Today’s Profit Magazine writes that, following objections from the law ministry regarding a merger of Ufone with one of its three rival cellcos, the company would instead look to merge with PTCL. According to the paper, proposals for Ufone’s merger with a private telco had been floated in 2019 and were initially approved by the government, but the process was recently halted by the law ministry whilst it looked into matter. One unnamed source cited by the paper claimed that PTCL’s management and Etisalat (the UAE firm is a minority shareholder in PTCL but has management control over the company) had greenlit plans to merge Ufone into PTCL if the law ministry does not allow a merger with a private telco. Another unnamed source disputed the assertion, however. Meanwhile, Karachi-based brokerage house Topline Securities reports that PTCL has issued a request for proposals (RFP) to various financial institutions for the advisory role for a possible merger of Ufone with another operator. 
