Karachi: Service Global Footwear Limited has released its un-audited financial results for the third quarter ending September 30, 2026. According to the report, the company experienced a significant increase in profit after taxation compared to the previous year, despite a notable decline in revenue.
For the nine months ending September 30, 2026, the company's revenue amounted to 11.80 billion rupees, down from 15.19 billion rupees during the same period in 2025. This represents a very large or significant move in revenue. The cost of sales also decreased from 12.59 billion rupees to 9.52 billion rupees. Consequently, the gross profit for the nine-month period stood at 2.28 billion rupees, compared to 2.59 billion rupees in the prior year.
In the third quarter alone, revenue fell to 3.69 billion rupees from 5.64 billion rupees in the same quarter of 2025. Cost of sales for the quarter was reported at 3.09 billion rupees, down from 4.64 billion rupees. This resulted in a gross profit of 607.55 million rupees for the quarter, as opposed to 1.01 billion rupees last year.
The distribution cost and administrative expenses for the nine months were 844.34 million rupees and 697.90 million rupees, respectively, showing a reduction from the 2025 figures. Other expenses saw a substantial increase, rising to 288.11 million rupees from 60.41 million rupees.
The company reported a profit from operations of 637.35 million rupees for the nine months, down from 828.00 million rupees in 2025. However, other income increased to 187.53 million rupees from 103.01 million rupees, contributing positively to the financial outcomes.
According to information available from the Pakistan Stock Exchange (PSX), the share of net profit of the associate accounted for using the equity method significantly contributed to the company's profit before levy and taxation, which surged to 3.23 billion rupees from 2.10 billion rupees in the previous year.
After accounting for levy and taxation, the company reported a profit after taxation of 3.09 billion rupees for the nine months, a big move upward from the 1.64 billion rupees reported in the same period of 2025. The earnings per share also reflected this growth, increasing to 14.98 rupees from 7.96 rupees.
Despite the challenges indicated by the decline in revenue, Service Global Footwear Limited achieved a notable improvement in profitability during the period under review.