GLAXO profit soars 154% YoY in half-year results

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MG News | August 26, 2025 at 03:48 PM GMT+05:00

August 26, 2025 (MLN): GlaxoSmithKline Pakistan Limited (PSX: GLAXO) posted a strong financial performance for the half-year ended June 30, 2025, with profit after taxation jumping 153.63% YoY to Rs4.20 billion [EPS: Rs13.17], compared to Rs1.65 billion [EPS: Rs5.19] in the same period last year.

Sales increased 4.95% YoY to Rs30.31bn from Rs28.87bn, while the cost of sales declined by 16.14% YoY to Rs19.60bn, resulting in a robust improvement in gross profit, which nearly doubled by 94.57% YoY to Rs10.70bn.

On the expense side, selling, marketing and distribution expenses rose 23.90% YoY to Rs2.59bn, whereas administrative expenses remained broadly stable, dipping 0.54% YoY to Rs1.02bn. Other operating expenses spiked by 146.01% YoY to Rs613.54m.

Meanwhile, other income fell 16.56% YoY to Rs744.79m. Despite this, operating profit surged 138.38% YoY to Rs7.23bn.

Finance charges edged down slightly by 1.00% YoY to Rs214.42m, lifting profit before levies and income tax by 149.09% YoY to Rs7.01bn. After accounting for levies of Rs47.06m (up 8.63% YoY), profit before taxation soared 151.29% YoY to Rs6.96bn.

The company reported taxation charges of Rs2.78bn, sharply higher by 147.83% YoY, leaving a net profit of Rs4.20bn, compared to Rs1.65bn in SPLY.

Alongside the results, the Board of Directors informed an interim cash dividend of Rs5 per share

Financial Results for the Half-year Ended ended June 30, 2025 ('000 Rupees)

Descriptions

30-Jun-25

30-Jun-24

Change%

Sales

30,300,807

28,870,923

4.95%

Cost of Sales

(19,598,316)

(23,370,476)

-16.14%

Gross Profit

10,702,491

5,500,447

94.57%

Selling, marketing and distribution expenses

(2,586,108)

(2,087,244)

23.90%

Administrative expenses

(1,018,030)

(1,023,542)

-0.54%

Other operating expenses

(613,537)

(249,392)

146.01%

Other income

744,793

892,603

-16.56%

Operating profit

7,229,609

3,032,872

138.38%

Finance charges

(214,416)

(216,573)

-1.00%

Profit before levies and income tax

7,015,193

2,816,299

149.09%

Lavies -minimum tax

(47,055)

(43,315)

8.63%

Profit before taxation

6,968,138

2,772,984

151.29%

Taxation

(2,772,781)

(1,118,834)

147.83%

Profit after taxation

4,195,357

1,654,150

153.63%

Earnings per share (Rupees)

13.17

5.19

153.76%

 

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