Octopus Digital sees 66% drop in half-year earnings

MG News | September 01, 2025 at 09:52 AM GMT+05:00

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September 01, 2025 (MLN): Octopus Digital Limited (PSX: OCTOPUS) posted a profit of Rs30.35 million for the half year ended June 30, 2025, reflecting a 66.43% decline compared to Rs90.4m in the same period last year, according to the company’s consolidated statement of profit or loss.

The company’s Earnings per share (EPS) for the period stood at Rs0.19, significantly lower than Rs0.57 recorded in 2024, showing a drop of 66.67%.

Revenues fell 14.44% to Rs537.43m from Rs628.12m last year, while cost of revenue rose 3.73% to Rs297.18m.

Consequently, gross profit dropped 29.68% to Rs240.25m compared to Rs341.64m in the same period of 2024.

Administrative and selling expenses increased slightly by 0.38% to Rs226.77m, while other expenses declined 33.62% to Rs20.37m.

Other income surged 379.33% to Rs45.89m against Rs9.57m last year.

Profit from operations dropped 58.78% to Rs38.99m from Rs94.60m.

Finance costs more than doubled, rising 106.88% to Rs3.37m.

Profit before levy and income tax stood at Rs35.63m, down 61.68% from Rs92.97m last year.

After accounting for taxation of Rs5.15m, which rose 302.58% compared to Rs1.28m in the same period of 2024, profit for the period after tax settled at Rs30.35m, down 66.43% year-on-year.

Consolidated Statement of Profit and Loss for the Half Year Ended June 30, 2025 (Rs '000')
Particulars	Jun-25	Jun-24	%Change
Revenues	537,427	628,124	-14.44%
Cost of revenue	(297,175)	(286,485)	3.73%
Gross Profit / (Loss)	240,252	341,640	-29.68%
Administrative and selling expenses	(226,772)	(225,922)	0.38%
Other expenses	(20,371)	(30,690)	-33.62%
Other income	45,886	9,573	379.33%
	(201,257)	(247,038)	-18.53%
Profit / (Loss) from operations	38,995	94,601	-58.78%
Finance costs	(3,368)	(1,628)	106.88%
Profit / (Loss) before Levy & Income Tax	35,627	92,973	-61.68%
Levy / final taxation (2024: Restated)	(131)	(1,294)	-89.88%
Profit / (Loss) before income tax	35,497	91,679	-61.28%
Taxation (2024: Restated)	(5,149)	(1,279)	302.58%
Profit / (Loss) for the period after Tax	30,347	90,400	-66.43%

Combined Earnings per share
Basic	0.19	0.57	-66.67%
Diluted	0.19	0.57	-66.67%

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