Karachi: Siemens (Pakistan) Engineering Co. Ltd. has announced notable shifts in its financial performance for the nine-month period ending June 30, 2025, according to recently released unaudited condensed interim financial statements. The company's performance indicators underscore various financial dynamics in comparison to the corresponding period last year.
The period under review saw a very large or significant move in new orders, with the company reporting a decrease to Rs 10,489 million from Rs 20,933 million. This decline is reflective of the company's strategic transitions following the carve-out of its energy business. Net sales and services, encompassing both continuing and discontinued operations, experienced a very large or significant move, dropping to Rs 10,035 million from the previous period's Rs 26,003 million.
Profit before income tax from continuing operations exhibited a minor move, slightly declining from Rs 423 million to Rs 363 million. Meanwhile, net profit from discontinued operations saw a big move, reaching Rs 724 million, a stark contrast to the loss of Rs 2,023 million recorded in the previous period. The net profit after income tax reflected a big move, with figures reaching Rs 769 million compared to a loss of Rs 1,559 million last year.
Earnings per share showed a very large or significant move, with the figure rising to Rs 93.25 from a loss of Rs 189.02. However, earnings per share from continuing operations reported a very large or significant move, decreasing from Rs 56.33 to Rs 5.45. Revenue from continuing operations remained relatively stable, with a minor move from Rs 6,582 million in the previous period to Rs 6,462 million during the current period, attributed primarily to a higher order backlog due to earlier import restrictions.
According to information available from the Pakistan Stock Exchange (PSX), Siemens (Pakistan) Engineering Co. Ltd. is categorized under the designated market category of Smart Infrastructure and Digital Industries following its strategic portfolio realignment. This transition aims to enhance the company's focus on addressing Pakistan's infrastructure modernization and industrial digitalization opportunities.
Looking ahead, the company plans to capitalize on its technological leadership and market presence to expand business volumes. By streamlining operations and focusing on Smart Infrastructure and Digital Industries, Siemens (Pakistan) is poised to reinforce its position as a trusted technology partner, in alignment with the global "ONE Tech Company" program. The Board of Directors and management express optimism that this focused approach will generate sustainable value for shareholders.
The Board also conveyed appreciation to its employees, stakeholders, customers, suppliers, business partners, financial institutions, and regulators for their trust and support, which have been pivotal in navigating this transitional period.