JazzWorld reported a revenue of PKR 144.9 billion for the third quarter of 2026, marking a 26.6% increase compared to the same period last year. During this period, the company's EBITDA rose by 23.9% year-on-year to reach PKR 65.2 billion.
Digital services were a primary driver of this growth, with revenue increasing 47.9% year-on-year to PKR 58.1 billion. This segment now accounts for 40.1% of total revenue, up from 34.3% a year earlier. Telecommunications and infrastructure revenue also saw an increase of 15.5% year-on-year, totaling PKR 86.8 billion.
The company's customer base grew as Jazz served 76.4 million mobile customers, a 5.1% increase from the previous year. The 4G and 5G customer base grew 8.1% year-on-year to 59.5 million, while average data usage rose 11.7% year-on-year to 8.4 GB per user. Additionally, the premium digital brand ROX reached 3.3 million active users, a 62.8% increase from a year earlier.
JazzWorld increased its investment by 68.9% year-on-year to PKR 20.9 billion during the quarter. This included PKR 18.6 billion dedicated to telecommunications and infrastructure to support the deployment of newly acquired spectrum, expansion of network capacity, and the continued rollout of 5G services. To date, more than 1,000 5G sites have been deployed.
Financial services revenue grew 67.6% year-on-year to PKR 43.4 billion across JazzCash, Mobilink Bank, and JazzSure Insurance (previously TPL Insurance). This growth was supported by lending, payments, merchant services, and insurance. As of September 30, the gross loan portfolio of the Pakistan financial services business increased 51.9% year-on-year to PKR 134.6 billion.
JazzCash expanded its digital financial services ecosystem to serve 65 million branchless banking accounts, including 30.4 million active users during the quarter. The Gross Transaction Value for JazzCash increased 79.2% year-on-year to PKR 6.9 trillion. The merchant network expanded to approximately 2 million, including 957,000 active merchants, and the platform issued more than 230,000 nano-loans daily during the quarter.
