Lahore: Service Global Footwear Limited announced a significant rise in profit for the nine months ending September 30, 2025, during a Board of Directors meeting held at the company's registered office in Lahore. The company reported that it will not recommend any cash dividend, bonus shares, or right shares for the period.

The company's revenue for the nine-month period increased to 15.19 billion rupees, compared to 12.95 billion rupees in the same period last year, showing a very large or significant move. The cost of sales also rose, reaching 12.59 billion rupees from 10.77 billion rupees in the previous year. Despite the increase in costs, the gross profit climbed to 2.59 billion rupees from 2.18 billion rupees, indicating a big move in profitability.

For the third quarter alone, revenue stood at 5.64 billion rupees, up from 4.66 billion rupees for the same quarter last year. The gross profit for the quarter was 1.01 billion rupees, compared to 814.35 million rupees previously.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit after taxation for the nine-month period surged to 1.64 billion rupees from 817.31 million rupees last year, marking a very large or significant move. Earnings per share increased to 7.96 rupees from 3.97 rupees in the corresponding period of 2024.

The company's finance costs reduced to 388.71 million rupees from 541.78 million rupees, contributing to the profit increase. The share of net profit from associates also rose significantly to 1.66 billion rupees from 944.31 million rupees.

In terms of cash flows, Service Global Footwear Limited reported a net cash use in operating activities of 1.11 billion rupees, contrasting with a net generation of 533.23 million rupees in the previous year. The company generated a net cash inflow of 1.53 billion rupees from investing activities, largely due to loan repayments from Service Industries Limited - Holding Company.

The company ended the period with cash and cash equivalents of 320.69 million rupees, down from 744.97 million rupees at the beginning of the period. The financial statements were approved during the Board of Directors meeting, and the quarterly report will be transmitted through PUCARS separately.