RIL AGM 2025: Jio IPO planned for first half of 2026, says Mukesh Ambani

"We are aiming to list Jio by the first half of 2026, subject to all necessary approvals," Ambani said at the company's 48th annual general meeting (AGM).

"I assure you that this will demonstrate that Jio is capable of creating the same quantum of value as our global counterparts. I am sure that it will be a very attractive opportunity for all investors," Ambani said.

Ambani informed shareholders that Jio crossed 500 million customers.

"The 500-million milestone is a symbol of your unwavering trust and support. I offer my heartfelt gratitude to each and every one of you. Jio was conceived at a time when India's road to digital transformation was blocked. Prohibitive data prices, poor connectivity, and poorer speeds had stifled the digital aspirations of Indians," Ambani said.

Ambani added that Jio will connect every Indian on mobile and home broadband; it will equip every Indian home with digital services such as Jio Smart Home, JioTV+, Jio TV OS, and seamless automation.

Jio will digitise every Indian business and enterprise with simple, scalable, and secure platforms, he added.

“I am extremely confident that the path ahead for Jio is even brighter than its journey so far,” Ambani said.

"Jio's revenue was ₹1,28,218 crore in FY25, a growth of 17%, and EBITDA was ₹64,170 crore ($7.5 billion). These figures are a testimony to the enormous value Jio has already created and the even greater value it is destined to create,” Ambani noted.

Commenting on Reliance Industries' performance in FY2025, Ambani said the conglomerate delivered record consolidated revenue of ₹10,71,174 crore ($125.3 billion), becoming India's first-ever company to cross $125 billion in annual revenues.

"Reliance's EBITDA stood at ₹1,83,422 crore ($21.5 billion), and net profit grew to ₹81,309 crore ($9.5 billion). Reliance's exports were ₹2,83,719 crore ($33.2 billion), contributing 7.6% of India's total merchandise exports. Your company invested cumulatively ₹5.6 lakh crore ($65.5 billion) over the last three years, and it remains the single largest contributor to the national exchequer, contributing ₹2,10,269 crore," Ambani said.