SYS posts almost 59% jump in half-year earnings

August 19, 2025 (MLN): Systems Limited (PSX: SYS) reported its financial results for the six months ended June 30, 2025, posting a profit after taxation of Rs5.15 billion [EPS: Rs3.52], up 58.86% compared to Rs3.24bn [EPS: Rs2.22] in the same period last year.

Revenue from contracts with customers rose by 18.42% to Rs36.74bn, while the cost of sales increased by 15.06% to Rs27.45bn.

As a result, gross profit climbed 29.63% to Rs9.29bn.

Distribution expenses rose 31.10% to Rs1.3bn, and administrative expenses increased 30.20% to Rs2.85bn.

Research and development expenses fell 36.71% to Rs24.87m, while impairment losses on financial assets dropped 66.68% to Rs28.23m.

Operating profit stood at Rs5.08bn, up 31.72% compared to last year.

Other income surged 616.75% to Rs820.9m, while the share of loss from associates widened by 46.54% to Rs56.23m.

Finance costs declined 42.18% to Rs165.99m.

Consequently, profit before taxation and levy increased 55.75% to Rs5.68bn.

The company recorded a levy of Rs337.21m, up 18.55%, and a taxation charge of Rs192.48m, rising 59.65% year-on-year.

Ultimately, profit after taxation rose 58.86% to Rs5.15bn, with profit attributable to equity holders of the parent standing at Rs5.15bn.

Earnings per share (basic) came in at Rs3.52 compared to Rs2.22 in the prior year, while diluted EPS was Rs3.49, up 57.92%.

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