Searle profit rises 31% to Rs1bn in 1QFY27

October 21, 2026 (MLN): Consolidated profit for the period of The Searle Company Limited (PSX: SEARL) rose 30.77% year-on-year to Rs1.20bn for the three months ended September 30, 2026, compared with Rs914.15m in the same period last year.

Basic and diluted earnings per share (EPS) increased 26.62% to Rs1.95 from a restated Rs1.54 in the corresponding quarter last year.

The growth came from higher revenue, a stronger gross margin and a 76% drop in levies. Higher distribution, administrative and other operating expenses, along with a heavier tax charge, partly offset the gains.

Consolidated revenue from contracts with customers grew 15.24% to Rs11.18bn from Rs9.70bn. Cost of sales rose at a slower pace of 7.33% to Rs4.78bn from Rs4.45bn, lifting gross profit 21.96% to Rs6.40bn from Rs5.24bn.

Distribution costs increased 16.32% to Rs3.31bn from Rs2.84bn, while administrative expenses rose 41.92% to Rs698.53m from Rs492.21m. Other operating expenses grew 67.91% to Rs209.79m from Rs124.94m. Other income rose 26.30% to Rs49.76m from Rs39.40m.

As a result, profit from operations grew 22.32% to Rs2.23bn from Rs1.82bn.

Finance cost edged up 3.14% to Rs297.45m from Rs288.41m.

Profit before levies and income tax climbed 25.93% to Rs1.93bn from Rs1.53bn. Levies (minimum tax and final tax) fell 75.63% to Rs4.89m from Rs20.05m, taking profit before income tax up 27.27% to Rs1.93bn from Rs1.51bn.

Taxation rose 21.93% to Rs732.29m from Rs600.56m, which absorbed part of the gains and left consolidated profit for the period at Rs1.20bn.

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