KARACHI – Jazz, Pakistan’s leading telecommunications and digital services provider, has reported robust growth for fiscal year 2025, driven by strategic investments in network infrastructure, digital platforms, and artificial intelligence as part of its AI1440 strategy. The company invested PKR 58.676 billion during FY25 to expand network capacity, scale digital offerings, and accelerate its transition into JazzWorld, an integrated digital ecosystem spanning connectivity, fintech, entertainment, insurance, and digital services.
Revenue and Subscriber Growth
Jazz closed FY25 with strong financial momentum. Total revenue for 4Q25 grew 24.5% YoY, while FY25 revenue rose 18.6% YoY, fueled by wider adoption of bundled offers and the increasing contribution of digital platforms. Revenue from telecom and infrastructure services jumped 17.7% YoY, supported by a 3.3% increase in mobile subscribers and a 21.3% rise in ARPU, reflecting effective pricing strategies, prepaid monetization, and uptake of bundled connectivity and digital services.
The company’s total subscriber base reached 73.9 million, with the 4G user base surpassing 55.5 million, a 9.8% YoY increase, pushing 4G penetration to 75.2%. Multiplay customers—subscribers using connectivity alongside digital services—grew 12% YoY, now representing 38% of the user base and generating roughly 3.3 times the ARPU of voice-only users.
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Digital Services and JazzCash Leadership
Digital businesses continued to scale rapidly. Digital revenue grew 43.7% YoY in 4Q25, contributing 30.2% of total revenue, up from 26.1% in 4Q24. JazzCash maintained its leadership in Pakistan’s digital financial services space with over 58 million customers, processing PKR 15 trillion in Gross Transaction Value during 2025.
The platform serves more than 1 million merchants and agents, issuing over 185,000 loans daily and disbursing PKR 1.4 billion across 266,000 loans in a single day, marking its highest-ever single-day milestone.
Mobilink Microfinance Bank reinforced its position as Pakistan’s largest microfinance bank, expanding inclusive financial services and launching Islamic banking products for the underbanked segment.
Profitability and Investment in Infrastructure
EBITDA for 4Q25 surged 50.6% YoY, with margins rising to 45.7%, up 7.9 percentage points YoY. FY25 EBITDA grew 23.2% YoY, supported by revenue growth, operational efficiencies, and disciplined financial management. Capital expenditure for 4Q25 totalled PKR 20.8 billion, with quarterly capex intensity at 16.9%.
In the recently concluded spectrum auction, Jazz acquired 190 MHz of spectrum for USD 239.5 million, reinforcing network capacity and laying the groundwork for next-generation connectivity services, including the phased rollout of 5G.
CEO’s Statement
“Our performance reflects the momentum behind our transition into Pakistan’s leading integrated digital service company, JazzWorld,” said Aamir Ibrahim, CEO of JazzWorld. “Guided by AI1440, we are embedding digital capabilities and artificial intelligence across our platforms to create smarter and more inclusive experiences for over 100 million customers. Our continued investments, including the recent spectrum acquisition and a planned $1 billion investment over the next three years, will strengthen connectivity, expand 5G readiness, and connect millions of Pakistanis to the digital economy.”
Digital Platform Engagement
Jazz’s digital platforms also recorded strong traction:
- Tamasha: 17.5 million monthly active users
- SIMOSA: 24.1 million monthly active users
- FikrFree: 11.2 million policyholders
- ROX: 1.5 million monthly active users
With continued investment in connectivity, digital platforms, and AI-driven services, JazzWorld is positioning itself as Pakistan’s leading integrated digital ecosystem, delivering both enhanced financial performance and meaningful digital experiences for its customers.
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