Supernet Technologies Reports Moderate Revenue Decline Amid Rising Administrative Costs

Karachi: Supernet Technologies Limited released its financial results for the period ending September 30, 2026, revealing a moderate shift in revenue figures alongside an increase in administrative expenses. The results were announced on November 2, 2026, showcasing the company's performance over the past year in the designated market category.

The company's net revenue for the period stood at Rs. 1.79 billion, a moderate move from the previous year's figure of Rs. 1.87 billion. This decline in revenue was accompanied by a decrease in the cost of revenue, which fell from Rs. 1.38 billion to Rs. 1.28 billion. Consequently, the gross profit rose marginally to Rs. 507.40 million from Rs. 498.83 million.

Administrative and other expenses saw an increase, reaching Rs. 190.61 million compared to Rs. 157.72 million in the previous year. Distribution costs also saw a rise to Rs. 72.55 million from Rs. 62.70 million. However, finance costs decreased significantly to Rs. 5.38 million from Rs. 42.13 million, contributing to a profit before taxation and levy of Rs. 220.94 million, up from Rs. 214.29 million.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit before taxation was Rs. 196.12 million, an increase from Rs. 172.94 million the previous year. After accounting for taxation of Rs. 65.51 million, the profit after taxation was Rs. 130.61 million, compared to Rs. 124.61 million in the corresponding period last year.

The profit attributable to the owners of the holding company increased to Rs. 126.62 million from Rs. 121.21 million, while the non-controlling interest saw a slight increase to Rs. 3.98 million from Rs. 3.40 million. Earnings per share, both basic and diluted, saw a minor move, recorded at Rs. 0.74 compared to Rs. 0.73 in the previous year.

The financial results highlight the company's efforts to manage costs and improve profitability despite a challenging economic environment.