Grameenphone Q1 2026 performance trend update
Reference is made to the Dhaka Stock Exchange notice from Telenor’s 55.8%-owned subsidiary Grameenphone earlier today where the company provided an update on Q1 2026 performance trends, stating that business momentum in the beginning of 2026 has been softer than anticipated. Grameenphone noted that the significant disruption in global energy markets caused by the situation in the Middle East has left Bangladesh particularly exposed due to its reliance on imported fuels and LNG. This has resulted in increased volatility in energy supplies, higher fuel import costs, and initial signs of constraints in energy supplies and logistics across the country. While the overall operating environment remains stable, these developments, which come on top of a weak macro, have started to impact economic activity and consumer behaviour, with early signs of pressure on mobility, business operations, and disposable income. In addition, seasonal storms last week also caused power outages in parts of Grameenphone’s network.
Against this backdrop, Grameenphone expects Q1 performance to be moderately impacted. Compared to the same period last year, revenue is anticipated to be around 2% lower, while EBITDA is expected to decline by around 3%. Grameenphone continues to actively monitor developments and implement mitigating actions to safeguard service continuity and operational resilience, with a particular focus on maintaining our leading network performance and supporting customers and society during this period.
Telenor maintains its financial outlook for 2026, while closely monitoring the implications of the war in the Middle East and the effective closure of Strait of Hormuz, the duration and development of which will be key for the continued assessment of the impact on the Bangladeshi economy, Grameenphone and Telenor.
For further information: Frank Maaø, SVP Capital Markets and Investor Relations, +47 916 74 045 Thomas Midteide, SVP and Chief Communications Officer, +47 962 32 017