Karachi: Systems Limited has reported a robust increase in revenue and profit for the three-month period ending March 31, 2026, according to its unconsolidated and consolidated condensed interim financial statements released on May 29, 2026. The company, a key player in the designated market category of information technology services, demonstrated resilience amidst economic headwinds.
The company's unconsolidated revenue from contracts with customers rose to Rs. 12.59 billion from Rs. 10.90 billion in the same period last year. This increase in revenue resulted in a gross profit of Rs. 3.10 billion, up from Rs. 2.72 billion, indicating a significant move of 14.0%. Despite a notable increase in research and development expenses and administrative costs, the company managed to achieve an operating profit of Rs. 1.98 billion compared to Rs. 1.76 billion in the previous year.
On a consolidated basis, Systems Limited's revenue surged by 32.6%, reaching Rs. 23.98 billion from Rs. 18.08 billion the previous year. The gross profit increased by 32.7%, while the operating profit saw a growth of 26.3%, reaching Rs. 3.12 billion. The net profit for the period recorded a big move, increasing by 20.9% to Rs. 3.03 billion, despite challenges such as exchange losses and inflationary pressures.
According to information available from the Pakistan Stock Exchange (PSX), the company's financial stability has been supported by its strategic consolidation of Confiz Limited and its group companies, alongside efforts to maintain margin levels consistent with the previous year. Basic earnings per share for the consolidated financials rose to Rs. 2.05 from Rs. 1.71, reflecting a 20.3% increase, while diluted earnings per share also increased by 15.5%.
In summary, Systems Limited's financial performance for the first quarter of 2026 highlights its capacity to navigate external economic challenges while maintaining growth through internal optimization and strategic consolidations. The company continues to focus on improving efficiency and expanding its footprint in the tech industry.