B Mirror Report: Grameenphone PLC, the country’s leading telecom operator, has warned of a possible downturn in its business due to the ongoing geopolitical instability in the Middle East, which is expected to have a negative impact on its performance.
In a disclosure sent to investors through the Dhaka Stock Exchange (DSE) on Tuesday, the company said its revenue could decline significantly in the first quarter (January–March) of the 2026 financial year. The warning comes amid volatility in the global energy market and broader economic uncertainty.
Grameenphone noted that Bangladesh’s heavy reliance on imported fuel and LNG has increased its exposure to global disruptions. This has led to uncertainty in energy supply, rising import costs, and mounting pressure on supply chains and logistics.
Although the company’s overall operations remain stable so far, it said the ongoing global situation is putting additional strain on the country’s already fragile macroeconomic conditions. This is affecting consumer purchasing power and behavior, slowing down business activities, and impacting mobility. Seasonal severe storms have further complicated the situation.
Given these challenges, the company has issued an early outlook to investors. It expects revenue to decline by around 2 percent in the first quarter of 2026 compared to the same period last year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) are also projected to fall by up to 3 percent.
Grameenphone said the situation remains highly uncertain and subject to rapid changes. The company is closely monitoring developments and implementing preventive measures to minimize potential losses, while continuing to ensure uninterrupted service and maintain network quality.
Detailed financial results will be disclosed with the publication of its audited report for the first quarter of 2026, the company added.
For reference, Grameenphone reported revenue of Tk 3,834.52 crore and a net profit of Tk 633.93 crore after tax in the first quarter of the 2025 financial year.
