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JazzWorld reports strong first-half 2026 financial performance with revenue exceeding Rs269 billion.

JazzWorld reported revenue of more than Rs269 billion during the first half of 2026, representing a 23% year-on-year increase, supported by continued growth in its telecommunications business, expanding digital services and higher contributions from its financial services platform.

The company's performance accelerated during the second quarter, with revenue rising 25.3% year-on-year to Rs139.4 billion. Revenue from telecommunications and infrastructure increased 15.8% to Rs85.5 billion, driven by stronger customer monetization, higher data usage, expanding subscriber numbers and growing adoption of bundled service offerings.

Digital services remained a key growth driver, with digital revenue rising 44.1% year-on-year to Rs53.9 billion, accounting for 38.7% of total revenue, compared with 33.6% a year earlier. Meanwhile, financial services revenue increased 53.3% to approximately Rs39 billion, supported by continued expansion of digital lending, payments, merchant solutions and services for small and medium-sized businesses.

The company reported EBITDA of Rs60.3 billion, up 30.5% from the same period last year, reflecting strong revenue growth, disciplined cost management and improved operating efficiency.

JazzWorld invested Rs29.2 billion during the first six months of the year to expand network capacity, deploy newly acquired spectrum and strengthen Pakistan's digital infrastructure. Investment accelerated in the second quarter to Rs20.4 billion as the company continued preparations for the rollout of 5G services and expanded network capacity to support rising data demand.

The company's digital ecosystem also continued to expand. JazzCash surpassed 60 million registered customers, with its gross transaction value increasing 67.5% year-on-year to Rs19.6 trillion. The platform also introduced Treasury Bill investments through its mobile application, enabling eligible users to invest directly in government securities.

On the connectivity side, JazzWorld's mobile subscriber base reached 75.4 million, while 4G users increased 6.6% to 58.1 million, lifting 4G penetration to 77.1%. Average monthly data usage rose 14.4% to 8.2GB per user, reflecting continued growth in digital consumption.

The company also expanded its digital services portfolio through the acquisition of a 76.33% stake in TPL Insurance, a move aimed at strengthening its digital financial ecosystem and broadening access to digital insurance products across Pakistan.

Looking ahead, JazzWorld said it will continue investing in next-generation connectivity, artificial intelligence-powered digital platforms and financial services as part of its long-term strategy to support Pakistan's digital transformation and expand access to technology-driven services.

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