Karachi: Supernet Technologies Ltd. (STL) reported a decline in revenue for the fiscal year ending June 30, 2026, but managed to achieve growth in both gross and net profits, according to the company’s financial results announced ahead of its Corporate Briefing Session scheduled for November 16, 2026.
STL's revenue for FY26 amounted to Rs 8.080 billion, down from Rs 9.27 billion in FY25. Despite the decrease in revenue, the company improved its gross profit to Rs 1.940 billion from the previous year's Rs 1.83 billion. The gross margin also rose to 24.0%, compared to 19.8% in the prior period.
Operating profit for STL stood at Rs 841.4 million, a slight drop from Rs 868 million in FY25. Profit after tax (PAT) was reported at Rs 467.2 million, marginally lower than the Rs 473 million recorded the previous year. Earnings per share (EPS) increased to Rs 4.03 from Rs 3.79, reflecting a moderate move in profitability.
Notably, STL's operating cash flow improved significantly, posting Rs 411.0 million compared to a negative cash flow of Rs 162.1 million in FY25. This improvement underlines the company's enhanced cash conversion capabilities.
According to information available from the Pakistan Stock Exchange (PSX), STL's service revenue reached Rs 6.156 billion, marking further expansion from Rs 4.228 billion in FY25. Conversely, non-service revenue saw a downturn, totaling Rs 1.924 billion against Rs 5.041 billion in the previous year.
The financial performance reflects STL's strategic adjustments post-merger with Supernet Limited (SNL), as historical data shows STL's efforts to bolster profitability despite revenue challenges. The company's operating margin increased to 10.4% from 9.4%, while the net margin rose to 5.8% from 5.1% in FY25, indicating a moderate move in operational efficiency.
Supernet Technologies, categorized in the technology sector on the PSX, continues to focus on optimizing its operational framework and enhancing service offerings to sustain growth in the face of fluctuating revenue streams.