JazzWorld reported revenue of more than Rs269 billion in the first half of 2026, up 23 percent year on year, driven by strong growth across its telecommunications and infrastructure business and an expanding digital services portfolio. The company invested Rs29.2 billion during the period to expand network capacity, deploy newly acquired spectrum, and strengthen Pakistan’s digital infrastructure.
Growth accelerated during the second quarter, with revenue increasing 25.3 percent year on year to Rs139.4 billion. Telecommunications and infrastructure revenue grew 15.8 percent to Rs85.5 billion, supported by effective pricing, improved prepaid monetization, continued adoption of multiplay offers, higher data consumption, and an expanding subscriber base. As JazzWorld continued executing its DO1440 and AI1440 strategy, digital revenue increased 44.1 percent to Rs53.9 billion and accounted for 38.7 percent of total revenue, up from 33.6 percent a year earlier. Financial services revenue grew 53.3 percent to approximately Rs39 billion, supported by continued expansion in lending at JazzCash alongside growth in payments, merchant services, and SME solutions. EBITDA increased 30.5 percent to Rs60.3 billion, reflecting strong revenue growth, disciplined cost management, and operating leverage.
Jazz, Pakistan’s leading connectivity provider under JazzWorld, reached 75.4 million mobile subscribers, while 4G users grew 6.6 percent to 58.1 million, bringing 4G penetration to 77.1 percent. Average data usage increased 14.4 percent to 8.2 GB per user, while multiplay customers reached 22.9 million. JazzCash continued strengthening its position in Pakistan’s digital financial services landscape, serving more than 60 million registered customers, with its gross transaction value over the last twelve months increasing 67.5 percent to Rs19.6 trillion, while the platform issued more than 224,000 digital loans daily during the second quarter. Its active merchants exceeded 735,000, supported by a network of over one million Raast QR enabled merchants. During the quarter, JazzCash and Mobilink Bank launched Treasury Bill investments through the JazzCash app, allowing eligible customers to invest in government securities, and JazzCash was recognized among the World’s Top Fintech Companies 2026 by CNBC and Statista in the Payments category.
JazzWorld’s financial services ecosystem is set to expand further following the acquisition of a 76.33 percent stake in TPL Insurance for approximately $16.4 million, a transaction expected to bring together TPL Insurance’s underwriting capabilities with the reach of JazzCash and Mobilink Bank to broaden access to digital insurance across Pakistan. Across the company’s digital ecosystem, Tamasha closed the second quarter with 38.7 million active users during the Pakistan Super League season, while SIMOSA reached 33.8 million active users, ROX surpassed 3.3 million active users, and FikrFree reached 17.9 million policyholders. Aamir Ibrahim, Chief Executive Officer of JazzWorld, said the results reflect the company’s continued evolution into Pakistan’s leading integrated digital ServiceCo, combining trusted connectivity, AI enabled digital platforms, and financial services into an integrated ecosystem, adding that the company remains committed to investing in infrastructure and expanding digital inclusion as Pakistan’s digital economy evolves.
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