Lahore: The Board of Directors of Service Global Footwear Limited has approved the company's separate and consolidated audited financial statements for the fiscal year ending December 31, 2024, during a meeting held on March 25, 2025. The directors have recommended a final cash dividend of Rs. 4 per share, equivalent to 40% for the year.

In addition to the dividend announcement, the Board has proposed the renewal of an investment of up to PKR 4.50 billion as a working capital loan to Service Industries Limited, a holding and associated company. This investment is set to continue for one year, extending to June 30, 2026, with all existing terms and conditions maintained. According to information available from the Pakistan Stock Exchange (PSX), this investment is subject to the approval of the members of the company.

The company's financial position as of December 31, 2024, reveals total equity of 7.21 billion rupees, an increase from 6.50 billion rupees in 2023. Meanwhile, total liabilities stood at 11.99 billion rupees, a slight decrease from 12.45 billion rupees in the previous year. The total assets of the company amounted to 19.20 billion rupees, up from 18.95 billion rupees in 2023.

Service Global Footwear Limited experienced a net cash outflow from operating activities amounting to 624.50 million rupees. Investing activities resulted in a net cash outflow of 1.21 billion rupees, while financing activities saw a net cash outflow of 324.09 million rupees. By the end of the fiscal year, cash and cash equivalents had decreased to 744.97 million rupees from 2.90 billion rupees at the beginning of the year.

The Annual General Meeting of the company is scheduled for April 28, 2025, at the Shalimar Tower Hotel in Lahore. The share transfer books will be closed from April 22 to April 28, 2025, to determine entitlement to the final cash dividend and participation in the AGM.

Service Global Footwear Limited operates within the designated market category of the Pakistan Stock Exchange.