SGF achieves notable growth in half-year performance

MG News | August 26, 2025 at 12:23 PM GMT+05:00

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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.

Consolidated Profit and Loss for the Half Year Ended June 30, 2025 (Rs '000')
Line Item	Jun-25	Jun-24	%Change
Revenue	9,569,456	8,311,856	15.13%
Cost of Sales	(7,731,770)	(6,858,208)	12.74%
Gross Profit	1,837,686	1,453,648	26.42%
Distribution Cost	(954,520)	(705,490)	35.30%
Administrative Expenses	-429,523	-358,044	19.96%
Other Expenses	(49,148)	(22,700)	116.51%
Other Income	130,794	158,762	-17.62%
Profit Before Finance Cost	535,289	526,176	1.73%
Finance Cost	(265,832)	(379,538)	-29.96%
Profit Before Taxation	269,457	146,638	83.76%
Share of Profit of Equity Accounted Investee (Net of Tax)	1,164,964	592,324	96.68%
Profit Before Taxation and Levy	1,434,421	738,962	94.11%
Levy	(41,384)	(48,656)	-14.95%
Profit Before Taxation (Post-Levy)	1,393,037	690,306	101.80%
Taxation	(251,996)	(273,261)	-7.78%
Profit After Taxation	1,141,041	417,045	173.60%
Earnings Per Share - Basic (₹)	5.54	2.03	172.91%
Earnings Per Share - Diluted (₹)	5.5	2.02	172.28%

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