ISLAMABAD, May 13: JazzWorld reported robust financial performance for the first quarter of 2026, alongside major investments aimed at expanding Pakistan’s digital ecosystem and preparing for next-generation connectivity.
Strong revenue and digital growth
The company recorded a 20.6% year-on-year increase in total revenue, reaching over Rs 130 billion. Growth came from strong performance across telecom services, digital financial platforms, entertainment, and lifestyle products.
Telecom and infrastructure revenue rose 14.3% to Rs 82 billion, supported by rising data usage, stronger prepaid earnings, and continued demand for bundled services. Meanwhile, digital revenue surged 33% to Rs 48 billion, now forming a significant share of the company’s overall income.
Profitability and user expansion
JazzWorld improved its financial efficiency during the quarter. EBITDA margin increased by 3.1 percentage points to 45%, while EBITDA climbed 29.4% to Rs 58.5 billion, reflecting tighter cost control and better operating leverage.
The company’s subscriber base reached around 75 million users, with 4G users crossing 57 million, pushing 4G penetration to 76.3%. Average revenue per user also rose 19.4% to Rs 496, driven by higher data consumption and growing digital adoption.
Heavy investment in future-ready infrastructure
During the quarter, JazzWorld invested Rs 8.8 billion (about USD 31 million) to expand network capacity and strengthen its digital infrastructure. The investment focuses on network modernization, AI-based services, and scaling digital platforms.
The company also secured 190 MHz spectrum, including the premium 700 MHz band, in Pakistan’s latest auction worth USD 239.5 million. This move strengthens rural coverage and prepares the network for advanced 4G and upcoming 5G services.
JazzWorld has already launched limited 5G services across nearly 180 sites in eight cities, with further expansion planned.
Digital ecosystem expands rapidly
JazzCash continued to grow strongly, reaching 29.2 million monthly active users and crossing 60 million registered users. Its annual transaction value surged 56% to Rs 16.8 trillion, highlighting rapid adoption of digital payments.
The platform now processes over 202,000 digital loans daily, while also expanding merchant onboarding through QR-based payments.
Other platforms also showed strong traction:
- Tamasha reached 33.5 million peak monthly users
- SIMOSA crossed 34 million users
- ROX surpassed 1.5 million users
- FikrFree expanded to 17.8 million active policies
Read more:Pakistan to Launch 5G in August Amid Smartphone Shortage
Leadership outlook
JazzWorld CEO Aamir Ibrahim said the company’s performance reflects the rapid expansion of Pakistan’s digital economy. He emphasized continued investment in infrastructure, inclusion, and innovation to support long-term digital growth.
Major financial restructuring
Earlier in 2026, JazzWorld completed a Rs 75 billion interest rate swap, improving financial stability and reducing exposure to interest rate fluctuations.
The company also confirmed over USD 11 billion in total historical investment in Pakistan, along with plans for an additional USD 1 billion investment over the next three years to support modernization and nationwide 5G rollout.
