Siemens Pakistan returns to profit in 9MFY25

July 25, 2025 (MLN): Siemens Pakistan Engineering Co. Limited (PSX: SIEM) reported a net profit of Rs769.05 million [EPS: Rs93.25] for the nine-month period ended June 30, 2025, compared to a net loss of Rs1.56 billion [LPS: Rs189.02] in the same period last year.

Net sales for the period decreased by 2.37% year-on-year, falling to Rs6.43bn from Rs6.58bn.

Cost of sales increased slightly by 0.63% to Rs5.32bn, leading to an 11.82% decline in gross profit to Rs1.14bn.

Marketing and selling expenses jumped 22.06% to Rs844.4m, while general administrative expenses rose 37.68% to Rs102.64m.

Other income dropped sharply by 75.16% to Rs1.67m, whereas other operating expenses rose 48.80% to Rs34.79m.

As a result, net other operating expenses nearly doubled to Rs33.12m.

Consequently, operating profit plunged 62.31% to Rs213.4m.

Financial income surged 1729% to Rs271.99m, significantly offsetting a 144% rise in financial expenses to Rs32.31m.

Net financial income rose dramatically to Rs239.68m from just Rs1.64m last year.

Profit before levy and income tax from continuing operations fell 20.22% to Rs453.08m.

After accounting for a levy of Rs89.73m (down 38.05%) and an income tax expense of Rs318.39m (against a tax credit of Rs41.51m last year), profit from continuing operations dropped by 90.32% to Rs44.97m.

Net profit from discontinued operations amounted to Rs724.09m, compared to a loss of Rs2.02bn in the same period last year.

This turnaround helped the company report a net profit of Rs769.05m for the nine-month period.

Earnings per share from continuing operations stood at Rs5.45, down from Rs56.33 in the prior year, reflecting a 90.32% decline.

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