Searle’s annual loss contracts in FY25

MG News | October 06, 2025 at 09:53 AM GMT+05:00

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October 06, 2025 (MLN): The Searle Company Limited (PSX: SEARL) reported a consolidated loss of Rs1.37bn for the year ended June 30, 2025, narrowing 42.9% from a loss of Rs2.41bn in FY24. The loss per share improved to Rs2.73 from Rs4.96 a year earlier.

Revenue dipped 2.7% YoY to Rs28.6bn, while the cost of sales decreased 7.4% to Rs14.53 bn. As a result, gross profit rose 2.7% to Rs14.07bn which showed a gross profit margin of 49.2%, up from 46.6% in FY24.

Distribution costs increased 12% to Rs8.71bn, and administrative expenses surged 34% to Rs2bn. Other expenses more than doubled, while other income fell 30.1% to Rs421.8m, weighing on overall results.

Operating profit dropped 26.2% to Rs3.69bn, while finance costs fell 42.2% to Rs2.10bn. Profit before tax improved 26.2% YoY to Rs1.53bn due to lower finance charges and levies.

Income tax expense surged to Rs724m, reducing profit from continuing operations by 18% to Rs807m. Loss from discontinued operations narrowed by 35.7% to Rs2.18bn, resulting in the smaller consolidated loss for the year.

The company’s net loss margin stood at -4.8%, compared to -8.2% last year.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000)
Description	FY25	FY24	change%
Continuing operations:
Revenue from contracts with customers	28,599,834	29,400,675	-2.7%
Cost of sales	(14,527,889)	(15,694,540)	-7.4%
Gross profit	14,071,945	13,706,135	2.7%
Distribution costs	(8,710,784)	(7,779,941)	12.0%
Administrative expenses	(1,996,460)	(1,489,511)	34.0%
Other expenses	(93,803)	(39,486)	137.6%
Other income	421,750	603,652	-30.1%
Profit from operations	3,692,648	5,000,849	-26.2%
Finance cost	(2,100,887)	(3,634,968)	-42.2%
Profit before levies and income tax	1,591,761	1,365,881	16.5%
Levies - minimum tax and final tax	(60,532)	(152,160)	-60.2%
Profit before income tax	1,531,229	1,213,721	26.2%
Income tax expense	(723,861)	(229,584)	215.3%
Profit from continuing operations	807,368	984,137	-18.0%
Discontinued operations:
Loss from discontinued operations – net of tax	(2,179,511)	(3,389,293)	-35.7%
Loss for the year	(1,372,143)	(2,405,156)	-42.9%
(Loss) per share / basic & diluted earnings per share	-2.73	-4.96	-45.0%

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