Grameenphone Ltd

DSE:GP

Bangladesh / Communication Services / Wireless Telecommunication Services

Overview

Dividends

5Y Historical Financials

Stock Price

321.90 BDT


Key Metrics	Latest
Total Revenue	158.4 B
Adjusted EBITDA	73.864 B
EBITDA Margin	46.6%
Net Profit Margin	23.1%
Total Assets	198.9 B
Total Debt	64.966 B

5Y Historical Financial Statements

Summary Financials


Summary Financials

	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	12 Months	Dec-23	Dec-24

Revenue	139,606.16	143,065.87	150,403.47	158,715.82	158,447.00	158,447.00	158,715.82	158,447.00
% Growth		0.02	0.05	0.06	(0.00)			(0.00)

Adjusted EBITDA	78,910.95	77,707.51	78,446.34	78,530.45	73,864.27	73,864.27	78,530.45	73,864.27
% Margin	0.57	0.54	0.52	0.49	0.47	0.47	0.49	0.47

Adjusted EBIT	64,642.69	66,013.64	65,235.95	64,886.30	59,366.54	59,366.54	64,886.30	59,366.54
% Margin	0.46	0.46	0.43	0.41	0.37	0.37	0.41	0.37

Adjusted Net Income	38,146.94	36,187.62	31,372.22	33,484.59	36,559.32	36,559.32	33,484.59	36,559.32
% Margin	0.27	0.25	0.21	0.21	0.23	0.23	0.21	0.23

Adjusted Basic EPS	28.25	26.80	23.23	24.80	27.07	27.07	24.80	27.07

Supporting Calculations

Income Statement

Balance Sheet

Statement of Cashflows


Income Statement
						Original
BDT	Fiscal Year Ending					Latest	Year-to-date Ending
(in millions)	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24	Dec-23	Dec-24
	FY - 4	FY - 3	FY - 2	FY - 1	FY	LTM	YTD-1	YTD

Revenue	139,606	143,066	150,403	158,716	158,447	158,447	158,716	158,447
% Growth	NA	2.5%	5.1%	5.5%	-0.2%			-0.2%

Cost of Revenue	(33,429)	(23,817)	(21,935)	(36,430)	(37,449)	(37,449)	(36,430)	(37,449)
Gross Profit	106,177	119,249	128,469	122,285	120,998	120,998	122,285	120,998
% Revenue	76.1%	83.4%	85.4%	77.0%	76.4%	76.4%	77.0%	76.4%

Research and Development	0	0	0	0	0	0	0	0
Selling and Marketing	(11,771)	(13,341)	(15,279)	(15,428)	(16,248)	(16,248)	(15,428)	(16,248)
General and Admin	(305)	(11,573)	(13,647)	(217)	(261)	(261)	(217)	(261)
Other Inc / (Exp)	(29,873)	(31,079)	(43,998)	(47,293)	(46,261)	(46,261)	(47,293)	(46,261)
Total Operating Exp	(41,949)	(55,993)	(72,924)	(62,939)	(62,770)	(62,770)	(62,939)	(62,770)

Operating Income	64,228	63,256	55,544	59,347	58,228	58,228	59,347	58,228
% Revenue	46.0%	44.2%	36.9%	37.4%	36.7%	36.7%	37.4%	36.7%

Interest Expense	(1,427)	(2,435)	(3,554)	(5,023)	(4,685)	(4,685)	(5,023)	(4,685)
Pre-tax Income	62,801	60,821	51,990	54,324	53,543	53,543	54,324	53,543
Earnings of Discontinued Ops.	0	0	0	0	0	0	0	0
Provision for Taxes	(25,614)	(26,692)	(21,899)	(21,249)	(17,234)	(17,234)	(21,249)	(17,234)
Net Income to Company	37,187	34,129	30,092	33,075	36,309	36,309	33,075	36,309
% Margin	26.6%	23.9%	20.0%	20.8%	22.9%	22.9%	20.8%	22.9%

Minority Interest in Earnings	0	0	0	0	0	0	0	0
Net Income to Stockholders	37,187	34,129	30,092	33,075	36,309	36,309	33,075	36,309

Preferred Dividends	0	0	0	0	0	0	0	0
Other Adj.	0	0	0	0	0	0	0	0

Net Income to Common	37,187	34,129	30,092	33,075	36,309	36,309	33,075	36,309
% Margin	26.6%	23.9%	20.0%	20.8%	22.9%	22.9%	20.8%	22.9%

As Reported
Basic EPS (Continuing Ops)	27.54	25.28	22.29	24.49	26.89	26.89	24.49	26.89
Diluted EPS (Continuing Ops)	27.54	25.28	22.29	24.49	26.89	26.89	24.49	26.89

WA Basic Shares Out.	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30
WA Diluted Shares Out.	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30	1,350.30

EBITDA, EBIT Reconciliation
EBT, Incl. Unusual Items	62,801	60,821	51,990	54,324	53,543	53,543	54,324	53,543
Addback: Net Interest Expense	1,427	2,435	3,554	5,023	4,685	4,685	5,023	4,685
Addback: Other Non Operating Expenses, Total	(883)	(24)	7,961	4,986	800	800	4,986	800
Addback: Depreciation & Amortization	14,268	11,694	13,210	13,644	14,498	14,498	13,644	14,498
Addback: Restructuring Charges	968	2,950	1,735	403	7	7	403	7
Addback: Merger / Acquisition Expenses	0	0	0	0	0	0	0	0
Addback: Goodwill Impairment	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Invest.	0	0	0	0	0	0	0	0
Addback: Gain (Loss) On Sale Of Assets	12	(168)	(4)	150	332	332	150	332
Addback: Asset Writedown	0	0	0	0	0	0	0	0
Addback: In Process R&D Expenses	0	0	0	0	0	0	0	0
Addback: Insurance Settlements	0	0	0	0	0	0	0	0
Addback: Legal Settlements	0	0	0	0	0	0	0	0
Addback: Other Unusual Items	317	0	0	0	0	0	0	0
Adjusted EBITDA	78,911	77,708	78,446	78,530	73,864	73,864	78,530	73,864
% Margin	56.5%	54.3%	52.2%	49.5%	46.6%	46.6%	49.5%	46.6%

Adjusted EBIT	64,643	66,014	65,236	64,886	59,367	59,367	64,886	59,367
% Margin	46.3%	46.1%	43.4%	40.9%	37.5%	37.5%	40.9%	37.5%

Adjusted Net Income Reconciliation
Net Income to Company	37,187	34,129	30,092	33,075	36,309	36,309	33,075	36,309
Addback: Unusual Items	1,297	2,782	1,731	554	339	339	554	339
Less: Tax Benefit of Unusual Items (26%)	(337)	(723)	(450)	(144)	(88)	(88)	(144)	(88)
Adjusted Net Income	38,147	36,188	31,372	33,485	36,559	36,559	33,485	36,559
% Margin	27.3%	25.3%	20.9%	21.1%	23.1%	23.1%	21.1%	23.1%

Loading Error

Grameenphone Ltd

DSE:GP

Bangladesh / Communication Services / Wireless Telecommunication Services

5Y Historical Financials