Grameenphone fears 2 percent revenue dip in Q1 due to Iran war

The country’s leading telecom operator forecasts its revenue in the first quarter of 2026 could fall by up to 2 percent, driven by fuel supply shortfall in Bangladesh amid the ongoing Iran war.

In a price-sensitive disclosure submitted to the Dhaka Stock Exchange (DSE) on Tuesday, Grameenphone Limited revealed the projection for the January-March period.

This is the first time that the telecommunications company has warned its investors of potential losses.

Citing the same reason, the listed company said its pre-tax profit could drop by 3 percent compared to that registered during the same period in 2025.

The forecast means Grameenphone's revenue in the first quarter of 2026 could fall by about Tk 7.7 billion and pre-tax profit by Tk 1.9 billion.

According to the unaudited report for the January-March period last year, the company's revenue was Tk 38.35 billion. And the net profit during that period amounted to Tk 6.334 billion.

In the disclosure on the DSE website, the mobile phone operator said the energy crisis could affect the uninterrupted supply of electricity, narrowing the scope of the country's overall commercial activities.

Grameenphone fears the impact of the war, including disruptions in energy supply and other factors, could push up overall business operating costs too.

“The Middle East crisis has put a lot of pressure on the country's energy sector and economy. The impact of the ongoing geopolitical tensions in the Middle East has significantly affected the global fuel oil market,” it says.

“As a result, Bangladesh's import-dependent energy situation has also come under pressure. There has been instability in the liquefied natural gas import and supply. Import costs may increase even though the macroeconomic situation is still stable.”