Dhaka, April 23, 2026 — Grameenphone Ltd., Bangladesh’s largest mobile operator, reported Q1 2026 revenue of BDT 37.6 billion, marking a 2.0% year-on-year decline amid macroeconomic pressure. However, Grameenphone net profit rose 4.4% to BDT 6.6 billion, supported by strong cost discipline and lower finance-related expenses.
The company ended the first quarter with a subscriber base of 84.2 million, while 49.2 million Grameenphone internet users now account for 58.4% of total subscribers. Rising digital adoption continued to support the business, with average data usage increasing 5.4% year-on-year to 7.7 GB per user.
Grameenphone CEO Yasir Azman said the company maintained stability despite external challenges, preserving an EBITDA margin of around 58% while continuing long-term investments in network modernization, IT systems, spectrum and AI-led transformation.
“We continue to invest with a long-term lens across network, IT, spectrum and AI-led programs,” Azman said, adding that Grameenphone aims to become an AI-first telecom operator in Bangladesh.
He also highlighted the recent acquisition of 700 MHz spectrum, which is expected to improve rural network coverage, enhance indoor connectivity and accelerate digital inclusion across Bangladesh.
Chief Financial Officer Otto Magne Risbakk said earnings growth reflected improving operational efficiency. Operating expenses fell 2%, while cost of goods sold declined 7.3% year-on-year.
The latest Grameenphone quarterly results demonstrate the company’s ability to protect profitability while expanding digital services in a slower economic environment. With strong customer growth, rising internet usage and new spectrum assets, Grameenphone remains well-positioned for future telecom market growth in Bangladesh.