Karachi: Security Papers Limited has reported a decline in profit after taxation for the half-year ended December 31, 2025, as per its financial results released on January 29, 2026. The company’s profit after taxation stood at 501.77 million rupees, down from 802.12 million rupees in the corresponding period of the previous year.

The Board of Directors of Security Papers Limited convened a meeting at the company’s registered office on January 29, 2026, to discuss the financial outcomes. The meeting concluded with a decision not to declare any cash dividend, bonus shares, or rights shares for the period under review.

The company’s revenue from contracts with customers has witnessed a decline, registering 3.74 billion rupees compared to 4.17 billion rupees in the same period last year. This downturn in revenue has been accompanied by a reduction in gross profit, which fell to 844.02 million rupees from 1.17 billion rupees year-over-year.

According to information available from the Pakistan Stock Exchange (PSX), Security Papers Limited experienced a very large or significant move in its trade debts, which increased to 1.85 billion rupees, up from 1.30 billion rupees as of June 30, 2025. Meanwhile, short-term investments showed a big move, decreasing to 1.41 billion rupees from 2.72 billion rupees during the same period.

The company’s administrative expenses rose to 275.03 million rupees from 245.03 million rupees, while other income decreased to 332.39 million rupees from 508.46 million rupees in the previous year. The financial report further indicates a reduction in profit before taxation, which fell to 833.27 million rupees from 1.33 billion rupees.

In terms of cash flows, Security Papers Limited reported a net cash outflow from operating activities of 391.78 million rupees for the six months ended December 31, 2025, compared to a net cash inflow of 502.37 million rupees in the previous year. The company also registered a decrease in cash and cash equivalents, which stood at 437.82 million rupees at the end of the period, compared to 1.15 billion rupees at the beginning.

The company’s financial position reflects total assets of 11.02 billion rupees as of December 31, 2025, a decrease from 11.35 billion rupees as of June 30, 2025. Equity totaled 8.97 billion rupees, while total liabilities were recorded at 2.05 billion rupees.

Security Papers Limited has indicated that its Quarterly Report for the period ended December 31, 2025, will be transmitted through PUCARS within the specified time frame. The company operates under the designated market category of the Pakistan Stock Exchange.