Digital services contribute 40% of revenue as financial services revenue rises 68%
ISLAMABAD, November 7, 2026: JazzWorld reported revenue of PKR 144.9 billion for the third quarter of 2026, up 26.6% from a year earlier. Digital services revenue grew 47.9% YoY to PKR 58.1 billion and accounted for 40.1% of total revenue, up from 34.3% a year earlier. EBITDA during the quarter increased 23.9% YoY to PKR 65.2 billion.
Telecommunications and infrastructure revenue grew 15.5% YoY to PKR 86.8 billion. Jazz served 76.4 million mobile customers, up 5.1% from a year earlier, while its 4G and 5G customer base grew 8.1% YoY to 59.5 million. Average data usage rose 11.7% YoY to 8.4 GB per user. ROX, Jazz’s premium digital brand, reached 3.3 million active users, up 62.8% from a year earlier.
JazzWorld increased its investment by 68.9% YoY to PKR 20.9 billion during the quarter, including PKR 18.6 billion in telecommunications and infrastructure. The investment supported the deployment of newly acquired spectrum, expansion of network capacity, and continued rollout of 5G services, with more than 1,000 5G sites deployed to date.
Financial services revenue grew 67.6% YoY to PKR 43.4 billion across JazzCash, Mobilink Bank, and JazzSure Insurance (previously TPL Insurance), supported by growth in lending, payments, merchant services, and insurance. The gross loan portfolio of the Pakistan financial services business increased 51.9% YoY to PKR 134.6 billion as of September 30.
JazzCash continued to expand its digital financial services ecosystem, serving 65 million branchless banking accounts, including 30.4 million active users during the quarter. During the quarter, its Gross Transaction Value increased 79.2% YoY to PKR 6.9 trillion, while its merchant network expanded to approximately 2 million, including 957,000 active merchants. JazzCash also issued more than 230,000 nano-loans daily during the quarter.
Among JazzWorld’s lifestyle ventures, SIMOSA’s active user base grew 22.1% from a year earlier to 36.3 million. Tamasha reached 33.9 million active users during the quarter, while FikrFree served 16.8 million unique policyholders.
Aamir Ibrahim, CEO of JazzWorld, said, “When we introduced JazzWorld as a digital services platform, we wanted it to reflect how people were already using our services. Today, digital services account for 40% of our revenue. A shopkeeper accepting a payment through JazzCash and a family watching cricket on Tamasha both depend on a reliable connection. That is why investment in our network remains central to our growth. Looking ahead, one of the most promising uses of AI is giving people the ability to ask for help in their own language. For someone using a digital service for the first time, that can make all the difference. It is one practical way we can help close the intelligence divide in Pakistan.”
