ISLAMABAD: Jazz, Pakistan’s leading digital operator, invested Rs. 25.5 billion in the first half of 2025 and recorded a robust 17.7% growth, reflecting its strong commitment to accelerating Pakistan’s digital transformation.
The investment focuses on expanding 4G coverage, scaling digital platforms, and accelerating financial inclusion, ensuring that millions of Pakistanis benefit from affordable, high-quality digital services.
Jazz delivered another strong quarter, with 2Q25 revenue up 15.3% year-on-year in local currency, driven by resilient telecom operations and 35.7% digital revenue growth, which contributed 28.1% of total revenue versus 23.9% last year. EBITDA rose 5.4% with a 41.6% margin, underscoring Jazz’s shift to a ServiceCo, while capex of PKR 16 billion highlighted its commitment to strengthening Pakistan’s digital infrastructure.
With over 21 million monthly active users, Pakistan’s leading digital financial service, JazzCash, processed a gross transaction value of PKR 11.7 trillion during the last twelve months as of Q2 2025. Its extensive network-comprising 367,000 active merchants and nearly 107,000 active agents, has facilitated considerable digitalisation of society, with over 140,000 digital loans issued daily.
“Our second quarter results reflect not only strong financial performance but also our commitment to Pakistan’s digital future,” said Aamir Ibrahim, CEO of Jazz. “In the first half of the year, we accelerated investments in 4G, digital platforms, and financial inclusion, while optimising our portfolio through initiatives like the Deodar transaction. These steps are laying the foundation for a more inclusive and future-ready economy, where connectivity and capability work together to improve the lives of millions of Pakistanis.”
During the quarter, Jazz’s total subscribers reached 73.9 million, including 54.6 million 4G users, up 15.3% year-on-year, with 4G penetration rising to 73.9%. VoLTE users reached 32 million, while VoWiFi daily active users stood at 5.22 million, enabling seamless, high-quality calling even without cellular coverage. Multiplay customers grew 29.2% year-on-year and now represent 36.4% of the base, generating over 3.2x the ARPU of voice-only users.
Jazz’s digital platforms continued to grow strongly. Tamasha recorded over 12 million MAUs in the second quarter, after peaking at 17 million in April during major cricket tournaments. SIMOSA – Jazz’s SIMCare, lifestyle and social app reached 21.2 million MAUs, while FikrFree, Jazz’s insurtech app, reached 9.8 million active policies along with 2.2 million MAUs, reinforcing the app’s early traction.
In line with its asset-light strategy, Jazz completed the transfer of its tower assets via Deodar to Engro Connect, a transaction that supports long-term operational efficiency and allows the company to focus on scaling its digital ecosystem.
Jazz is Pakistan’s leading ServiceCo—an integrated digital services company serving over 100 million users through a portfolio spanning fintech (JazzCash), entertainment (Tamasha), digital self-care (SIMOSA), insurtech (FikrFree), enterprise cloud solutions (Garaj), and gaming (GameNow). This evolution reflects Jazz’s strategic shift from connectivity to capability, enabling platforms that improve the lives and livelihoods of Pakistanis through the power of technology
