Lahore: In a meeting held on March 21, 2025, the Board of Directors of Systems Limited approved the financial statements for the year ending December 31, 2024, and announced a 60% cash dividend of Rs. 6 per share. The board also recommended a sub-division of the company’s shares, reducing the face value from Rs. 10 to Rs. 2 per share, a move aligned with Section 85(1)(c) of the Companies Act, 2017. This change will provide five shares for each share held.
The financial results indicate strong performance, with the company reporting consolidated revenues of Rs. 67.47 billion for 2024, a 26% increase from the Rs. 53.44 billion earned in 2023. Despite a 14% decline in net profit to Rs. 7.46 billion, primarily due to an exchange loss of Rs. 264.47 million compared to a gain of Rs. 2.26 billion in the previous year, the company’s operating profit grew by 4% to Rs. 8.15 billion. Earnings per share also reflected this decline, with basic and diluted earnings falling to Rs. 25.55 and Rs. 25.37, respectively, from Rs. 29.86 and Rs. 29.66 in 2023.
Systems Limited, a public limited company incorporated in Pakistan under the Companies Act, 2017, is listed on the Pakistan Stock Exchange. It specializes in software development, software trading, and business process outsourcing services, with a significant portion of its revenue—87%—derived from exports to regions including North America, Europe, the Middle East, and Asia Pacific.
The company’s revenue performance was bolstered by its focus on IT services and strategic investments across markets, maintaining a compounded annual growth rate (CAGR) of 50% in revenues since 2020. Despite pressure on margins, the company's EBITDA plus growth rate of 45% remains above the market average.
According to information available from the Pakistan Stock Exchange (PSX), Systems Limited's diverse portfolio spans industry sectors such as banking and finance, telecommunications, retail, consumer packaged goods, pharmaceuticals, and the public sector. The company’s activities primarily include digital, data, cloud services, managed services, consulting, IT outsourcing, and business process outsourcing.
The annual general meeting is scheduled for April 28, 2025, in Lahore, where shareholders on record as of April 21, 2025, will be eligible for the announced dividend. The share transfer books will be closed from April 22 to April 28, 2025. The annual report will be made available through PUCARS at least 21 days before the meeting date.