Avanceon profit surges to Rs168m

MG News | September 01, 2025 at 10:09 AM GMT+05:00

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September 01, 2025 (MLN) : Avanceon Limited (PSX: AVN) shared its consolidated financial results for the six months ended June 30, 2025, reporting a profit after tax of Rs168m (EPS: Rs0.38) compared to Rs28m (EPS: Rs0.01) in the same period last year, which showed a more than fivefold increase.

Revenues remained largely stable, slipping marginally by 0.3% to Rs5.24bn against Rs5.26bn in 1HFY24. Cost of revenue decreased by 0.8% to Rs3.62bn, while gross profit edged up to Rs1.62bn from Rs1.6bn a year earlier.

Administrative and selling expenses rose 5.2% to Rs1.32bn, whereas other expenses dropped significantly to Rs40m from Rs101m. Meanwhile, other income jumped to Rs162m from Rs23m, providing a notable boost.

As a result, profit from operations improved to Rs421m, compared to Rs274m recorded last year.

Finance costs stood at Rs255m, up nearly 20% YoY. Even so, the company posted a profit before tax of Rs166m, well above the Rs61m earned in 1HFY24.

After accounting for taxation of Rs1.6m versus Rs33m last year, net earnings closed at Rs168m, marking a strong turnaround in profitability.

Consolidated Statement of Profit or Loss For the Half Year Ended June 30, 2025 (Rs.000)
Description	1HFY25	1HFY24	Change%
Revenues	5,237,704	5,255,724	-0.3%
Cost of revenue	(3,621,015)	(3,651,369)	-0.8%
Gross Profit / (Loss)	1,616,689	1,604,355	0.8%
Administrative and selling expenses	(1,317,960)	(1,252,843)	5.2%
Other expenses	(39,668)	(100,565)	-60.6%
Other income	162,326	22,587	618.7%
	(1,195,302)	(1,330,820)	-10.2%
Profit / (Loss) from operations	421,387	273,535	54.1%
Share of profit from a Joint Venture
Finance costs	(255,048)	(212,675)	19.9%
Profit / (Loss) before tax	166,339	60,860	173.3%
Taxation	1,654	(32,979)	-105.0%
Profit / (Loss) for the period	167,993	27,881	502.5%
Combined Earning per share
Basic	0.38	0.01
Diluted	0.37	0.01

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