Pak Elektron reports 79% surge in profit to over Rs2bn in 2025

March 25, 2025 (MLN): Pak Elektron Limited (PSX: PAEL) has reported a net profit of Rs2.37 billion for the year ended December 31, 2024, marking a significant 78.64% increase from Rs1.33bn in 2024.

The company’s basic earnings per share (EPS) rose to Rs2.72, compared to Rs1.50 in the previous year.

Revenue from contracts with customers surged by 44.05% to Rs69.61bn in 2025, compared to Rs48.32bn in 2024.

After accounting for sales tax, excise duty, and discounts amounting to Rs16.50bn, net revenue stood at Rs53.11bn, reflecting a 37.3% increase.

Meanwhile, the cost of sales jumped 41.29% to Rs38.97bn, resulting in a gross profit of Rs14.14bn, up 27.37% from the previous year.

Despite the rise in selling and distribution expenses by 68.86% to Rs3.11bn and administrative expenses by 24.92% to Rs2.59bn, PAEL’s operating profit increased by 12.86% to Rs8.12bn.

However, other income declined by 25.34% to Rs77.56 million, while impairment allowance for expected credit losses spiked 258.08% to Rs303.52m.

Finance costs remained relatively stable, increasing by just 0.86% to Rs3.68bn.

The company’s share of profit from associates recorded a minor loss of Rs4.15m, compared to a profit of Rs183,000 in the previous year.

Profit before income taxes surged 71.22% to Rs4.13bn, supported by a sharp 72.98% decline in statutory levies to Rs307m.

After accounting for income tax provisions of Rs1.77bn, the company’s bottom line stood at Rs2.37bn.

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