Secure Logistics profit nearly doubles in 1HFY25

August 22, 2025 (MLN): For the six-month period ended June 30, 2025, Secure Logistics Group Limited (PSX: SLGL) reported a strong improvement in profitability, with profit after tax rising by 93% year-on-year to Rs438.59 million.

Earnings per share (EPS) increased to Rs1.55 from Rs0.83, showing an 87% growth. Profit attributable to equity holders of the holding company surged by 94% to Rs434.51m, while non-controlling interest rose 15% to Rs4.09m.

Net revenue grew by 18% to Rs1,456.86m, supported by a 32% increase in gross profit to Rs802m, despite a 4% rise in cost of services to Rs654.77m.

Administrative expenses spiked by 277 to Rs549.96m, contributing to a 45% decline in operating profit, which stood at Rs252.13m. Finance costs dropped sharply by 78% to Rs39.84m, and expected credit losses showed a positive swing, improving to Rs1.70m from a loss of Rs2.13m in the previous period.

Other income soared by 2241% to Rs220.48m, bolstering overall profitability. Profit before levies and tax climbed 53% to Rs434.47m, while levies amounted to Rs1.29m.

After accounting for levies, profit before taxation stood at Rs433m, also up 53%. Taxation for the period was Rs5.42m, compared to a negative Rs56.8m in the same period last year.

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