Karachi: Service Global Footwear Limited has released its financial results for the nine months and third quarter ending September 30, 2026, showing a significant increase in profit after taxation despite a decline in revenue. The company reported a profit after taxation of 3.09 billion rupees for the nine-month period, a notable rise from 1.64 billion rupees in the same period the previous year, marking a very large or significant move of 88.64%.

For the nine months ending September 30, 2026, the company experienced a revenue decrease to 11.80 billion rupees, down from 15.19 billion rupees in the same period last year. The decline in revenue represents a very large or significant move of 22.37%. Similarly, the revenue for the third quarter fell to 3.69 billion rupees from 5.64 billion rupees, reflecting a very large or significant move of 34.56%.

Despite the decline in revenue, the gross profit for the nine-month period was reported at 2.28 billion rupees, compared to 2.59 billion rupees in 2025. The cost of sales decreased to 9.52 billion rupees from 12.59 billion rupees. Distribution costs and administrative expenses also saw reductions, with distribution costs falling to 844.34 million rupees from 1.15 billion rupees and administrative expenses slightly increasing to 697.90 million rupees from 661.20 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit from operations stood at 637.35 million rupees, down from 828.00 million rupees in the previous year, indicating a moderate move of 22.92%. Finance costs also decreased, amounting to 282.24 million rupees from 388.71 million rupees in the previous year.

The company's share of net profit of associates accounted for using the equity method saw a rise to 2.87 billion rupees, up from 1.66 billion rupees, reflecting a very large or significant move of 73.25%. Profit before levy and taxation increased to 3.23 billion rupees from 2.10 billion rupees.

The results reveal a profit before taxation of 3.17 billion rupees, compared to 2.02 billion rupees in 2025. Taxation costs were reported at 80.23 million rupees, significantly reduced from 376.96 million rupees in the previous year.

Service Global Footwear Limited operates within the designated market category of the Pakistan Stock Exchange, where it continues to manage its financial strategies amid fluctuating market conditions.