Pak Elektron half-year profit surges 67%

MG News | August 28, 2025 at 03:34 PM GMT+05:00

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August 28, 2025 (MLN): Pak Elektron Limited (PSX: PAEL) shared its financial results for the six months ended June 30, 2025 and posted a profit after tax of Rs2.37 billion, which showed an increase of 67.4% YoY compared to Rs1.41bn recorded in the same period last year.

The company’s earnings per share (EPS) rose to Rs2.66 from Rs1.63, marking a growth of 63.2%.

The company’s revenue from contracts with customers grew 22.3% YoY to Rs48.74bn, compared to Rs39.86bn in 1HFY24. After accounting for sales tax, excise duty and discounts of Rs13.22bn up 35.2% YoY, net revenue stood at Rs35.52bn, higher by 18.1% YoY.

The cost of sales rose 17.6% YoY to Rs25.92bn from Rs22.03bn, which resulted in a gross profit of Rs9.6bn, up 19.3% YoY against Rs8.05bn in 1HFY24.

Other income dropped 23.3% YoY to Rs46.2m, while selling and distribution expenses increased 15.8% YoY to Rs2.36bn. Administrative expenses rose 12.4% YoY to Rs1.34bn, and other expenses were Rs10.6m compared to Rs9.15m previously.

Operating profit for the period reached Rs5.84bn, reflecting a 19.8% increase YoY. Meanwhile, finance cost decreased significantly by 33.7% YoY to Rs1.39bn, compared to Rs2.1bn in the same period last year.

Consequently, profit before statutory levies and income taxes stood at Rs4.45bn, showing a 60.2% YoY improvement. After statutory levies of Rs336m and provision for taxation of Rs1.74bn up 49.1% YoY, the company posted a net profit of Rs2.37bn, compared to Rs1.42bn in 1HFY24.

STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2025 (Rs.000)
Description	1HFY25	1HFY24	change%
Revenue from contracts with customers	48,738,246	39,862,307	22.3%
Sales tax, excise duty and discounts	(13,217,179)	(9,777,626)	35.2%
Net revenue	35,521,067	30,084,681	18.1%
Cost of sales	(25,916,162)	(22,031,012)	17.6%
Gross profit	9,604,905	8,053,669	19.3%
Other income	46,177	60,169	-23.3%
Selling and distribution expenses	(2,362,421)	(2,039,741)	15.8%
Administrative expenses	(1,339,145)	(1,191,353)	12.4%
Other expenses	(10,601)	(9,154)	15.8%
Total Expenses	(3,712,167)	(3,240,248)	14.6%
Impairment allowance for expected credit losses	(101,763)	-
Operating profit	5,837,152	4,873,590	19.8%
Finance cost	(1,389,237)	(2,096,902)	-33.7%
Profit before statutory levies and income taxes	4,447,915	2,776,688	60.2%
Share of profit of associate	226	324	-30.2%
Profit before statutory levies and income taxes	4,448,141	2,777,012	60.2%
Provision for statutory levies	(335,885)	(192,571)	74.4%
Profit before income taxes	4,112,257	2,584,441	59.1%
Provision for income taxes	(1,742,424)	(1,168,878)	49.1%
Profit after income taxes	2,369,832	1,415,563	67.4%
Basic earnings per share (Rupees)	2.66	1.63	63.2%

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