WorldCall Telecom Limited has reported an improvement in revenue during the first half of 2026, although the company continued to post a loss amid high operating, depreciation and finance costs.
According to the financial results announced for the half year ended June 30, 2026, WorldCall’s revenue increased to Rs3.09 billion, compared with Rs2.78 billion in the same period last year. This represents an increase of around 11%, reflecting stronger revenue generation during the period.
The company’s profit before interest, taxation, depreciation and amortization rose substantially to approximately Rs207.4 million, compared with Rs101.4 million a year earlier. However, the improvement at the operating level was offset by depreciation and amortization expenses of around Rs302.7 million and finance costs of approximately Rs205.1 million.
As a result, WorldCall recorded a loss before tax of Rs339.0 million for the first half of 2026, compared with a loss of Rs492.3 million in the corresponding period of 2025. The loss after tax also stood at Rs339.0 million, narrowing from Rs492.3 million last year.
The company’s per-share loss also improved. Basic loss per share declined to Rs0.07, compared with Rs0.10 in the same period of 2025, while diluted loss per share improved to Rs0.04 from Rs0.06.
Second-quarter performance
WorldCall also showed improvement on a quarterly basis. Revenue for the quarter ended June 30, 2026 reached Rs1.64 billion, up from Rs1.58 billion in the same quarter last year.
The company’s quarterly loss after tax narrowed to approximately Rs191.5 million, compared with a loss of Rs224.9 million in the second quarter of 2025. Basic loss per share improved to Rs0.04 from Rs0.05.
Cash flow remains a challenge
Despite the improvement in earnings, cash generation from operations remained under pressure. The standalone cash-flow statement shows that WorldCall generated Rs112.6 million from operations during the first half, but after finance costs, tax and other payments, the company recorded net cash used in operating activities of Rs65.9 million.
On the consolidated basis, net cash used in operating activities amounted to Rs64.6 million. Investing activities generated Rs34.8 million, while financing activities generated Rs30.6 million, resulting in a modest net increase of Rs0.8 million in cash and cash equivalents. Consolidated cash and cash equivalents stood at Rs22.0 million at June 30, 2026, compared with Rs89.1 million at the end of June 2025.
No dividend announced
The company also informed the Pakistan Stock Exchange that its board had declared no cash dividend, bonus shares or right shares for the period. No other entitlement or corporate action was announced.
Overall, WorldCall’s first-half results show a mixed picture. The company succeeded in increasing revenue and reducing its loss compared with last year, while its operating performance before depreciation and finance costs also improved. However, substantial depreciation and finance expenses continue to weigh on profitability, leaving the company in a loss-making position.
