STL profit jumps 2.4x in 1HFY26

March 02, 2026 (MLN): Supernet Technologies Limited (PSX: STL) reported a massive 2.4 times surge in net profit to Rs70.60m for the half-year ended December 31, 2025, compared to Rs29.29m in the same period last year.

The company's earnings per share (EPS) skyrocketed to a robust Rs141.20 from Rs58.58 in the corresponding period of the previous year.

The primary engine behind this massive bottom-line expansion was not top-line growth, but rather a drastic reduction in the company's expenses.

The company did resume minor revenue-generating activities, posting a net revenue of Rs998,000.

After accounting for direct costs of Rs568,000, it secured a small gross profit of Rs430,000.

However, the real story was in the operating costs.

Administrative expenses were more than halved, dropping 52% to Rs6.03m from Rs12.50m.

Other expenses followed the exact same trend, plunging 52% to Rs34.28m from Rs71.36m.

Furthermore, the company saw its impairment charges on trade debts shrink by 54% to Rs9.13m from Rs19.82m in H1 FY2025.

As is typical for the company, the absolute bulk of its earnings came from its share of profit from an associate.

This core income stream actually experienced a slight 10% decline, dropping to Rs119.62m from Rs132.97m.

Crucially, the sheer volume of savings from the slashed administrative, other, and impairment expenses massively outweighed the minor dip in associate profit.

As a result, operating profit skyrocketed to Rs70.62m from Rs29.30m.

Financial charges (bank charges) remained negligible at Rs7,000. Profit before taxation stood at Rs70.61m.

After accounting for a minor new taxation charge of Rs11,000, the company cemented its stellar half-year performance, securing a final net profit of Rs70.60m.

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