Systems Limited (SYS) reported a strong performance for 2025, posting a profit after tax (PAT) of Rs. 11,041 million (EPS: Rs. 7.49), up 48 percent from Rs. 7,460 million (EPS: Rs. 5.06) in CY24.
The company also declared a final cash dividend of Rs. 2.00 per share, unchanged from the previous year.
In the fourth quarter (4QCY25), PAT surged 60 percent year-on-year to Rs. 3,073 million (EPS: Rs. 2.09), reflecting both operational growth and strategic partnerships.
Net sales for CY25 reached Rs. 80,392 million, marking a 19 percent increase compared to CY24. Growth was led by:
- Telecommunications: +31 percent YoY
- Technology: +18 percent YoY
- BFSI: +17 percent YoY
By region, revenue was dominated by the Middle East (59 percent), followed by North America (18 percent), Pakistan (14 percent), Europe (5 percent), and APAC (4 percent). Quarterly sales in 4QCY25 rose 20 percent YoY to Rs. 22,973 million, bolstered by the launch of operations under the strategic partnership with British American Tobacco (BAT) in November 2025.
Gross margins improved to 28 percent in CY25 from 24 percent in CY24, driven by enhanced operational efficiency. In 4QCY25, gross margins climbed to 30 percent, up 718 basis points YoY.
Other income for 4QCY25 declined 65 percent YoY to Rs. 148 million due to unfavorable currency movements. However, CY25 other income grew 17 percent YoY, supported by higher exchange gains.
Finance costs rose 13 percent YoY to Rs. 91 million in 4QCY25, reflecting increased short-term borrowings. The effective tax rate in 4QCY25 was 15 percent, compared to 2 percent in the same period last year.
