Bangladesh Submarine Cables has reported a 42.1 per cent year-on-year surge in profit for the first quarter of FY26, reaching Tk 619.10 million, driven by higher revenue from its core international bandwidth business.
In a filing on Sunday, the state-owned operator said earnings per share (EPS) rose to Tk 3.67 in July–September this year, up from Tk 2.54 in the same period a year earlier.
Bangladesh Submarine Cables manages the country’s international submarine cable systems and plays a critical role in ensuring internet connectivity and capacity. The company has been a key beneficiary of rapidly growing bandwidth demand as internet penetration and data usage per user continue to climb, particularly through mobile data.
The pandemic accelerated digital adoption, pushing mobile data consumption per user to 8.2 GB per month this year. Total submarine bandwidth supply reached 4 terabits per second in August, supporting increased traffic across operators, ISPs, and large enterprises.
As the only entity operating Bangladesh’s international submarine cable landing infrastructure, the company supplies international bandwidth and related telecom services to domestic carriers, ISPs, and major corporates. This unique position has strengthened its revenue base as data demand rises.
The company said the EPS increase was primarily due to higher revenue and other income from ordinary business activities, with no significant one-off transactions during the period.
Following the results announcement, its share price on the Dhaka Stock Exchange (DSE) rose 6.18 per cent to Tk 125.8 on Sunday.
Cash generation also improved: net operating cash flow per share increased from Tk 1.17 in July–September 2024 to Tk 2.47 in the same quarter this year, mainly due to stronger performance in regular business operations. Net asset value per share rose from Tk 90.99 as of June 30 to Tk 94.66 by the end of September.
