Service Global Footwear (SGF) reports strong H1-2025 results as profit climbs on higher revenue and associate income, despite rising operating costs.
Service Global Footwear Limited (PSX: SGF) reported a sharp jump in first-half earnings, powered by higher sales and a much larger contribution from its associate. Unconsolidated profit after tax for the half year ended June 30, 2025 rose to PKR 1.12 billion from PKR 461 million a year ago, with basic EPS up to PKR 5.41 from PKR 2.24.
READ MORE: SBP Introduces Regulatory Sandbox to Drive Fintech Growth
The company’s revenue grew 15% to PKR 9.54 billion, with gross profit at PKR 1.59 billion. Higher distribution and admin costs reduced operating profit to PKR 494 million from PKR 559 million last year. However, lower finance costs and a big jump in earnings from its associate pushed overall profit higher.
Quarterly numbers show a stark turnaround: Q2-2025 profit after tax came in at PKR 1.02bn (vs PKR 75m in Q2-2024), helped by stronger revenue and associate income of PKR 1.01bn. Q1-2025 had been soft (PAT PKR 97m), so the second quarter effectively carried the half-year performance.
