SGF achieves notable growth in half-year performance

August 26, 2025 (MLN): Service Global Footwear Limited (PSX: SGF) posted a strong half-year performance, with profit after tax soaring 173.6% YoY to Rs1.14 billion [EPS: Rs5.54] for the period ended June 30, 2025.

Net revenue for SGF increased by 15.13% YoY to Rs9.57bn from Rs8.31 billion in SPLY, while the gross profit rose by 26.42% YoY to Rs1.84bn.

On the expense side, distribution costs climbed 35.30% YoY to Rs954.52 million, administrative expenses increased by 19.96% YoY to Rs429.52m, and other expenses more than doubled to Rs49.15m, up 116.51% YoY.

Other income declined by 17.62% YoY to Rs130.79m.

Finance costs dropped by 29.96% YoY to Rs265.83m, boosting profit before taxation by 83.76% YoY to Rs269.46m.

A major contributor to SGF’s earnings was the share of profit from equity-accounted investees, which almost doubled to Rs1.16bn from Rs592.32m in SPLY, bringing profit before taxation and levy to Rs1.43bn, up 94.11% YoY.

After accounting for levy of Rs41.38m and tax expense of Rs251.99m, SGF reported a final profit after taxation of Rs1.14bn for the period.

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