Karachi March 24 2025: Systems Limited, the largest listed technology company of Pakistan, has announced stock split of 5 for 1 stock split, according to company filing to the Pakistan Stock Exchange.
“To sub-divide the face value of shares of the Company from Rs. 10/- to Rs. 2/- per share in accordance with the Section 85(1)(c) of the Companies Act, 2017, in the ratio of 5 shares for each 1 share held” states the notification.
During year ended 31 December 2024, Revenues of the Company were PKR 67,473.02 million in 2024 compared to PKR. 53,435.48 million in 2023. Company continues to invest heavily in all markets to maintain its aggressive growth trajectory. Operating profit from ordinary course of business amounts to PKR 8,149.95 million showing a growth of 4%. The net profit from ordinary business stands at PKR 7,460.01 million showing a decline of 14% from last year mainly due to exchanage loss of 264.47 million as compared to a significant exchange gain amounting to PKR. 2,257.67 million in FY 2023.
In Q4, there is higher one off trading where margins are lower as compared to services business which has impacted the overall average margins. Moreover, the methodology in recording Expected Credit Losses (ECL) was more aggressive this year which will have a favorable impact in 2025 once these balances are collected. Since FY 2020, the Company has delivered a Compounded Annual Growth Rate (CAGR) in revenues of 50%. The revenue growth has been mainly driven by IT services. Despite the pressure on margins, the Company is still achieving EBITDA + Growth rate of 45% which is higher than the market average.
The Company’s revenue comes primarily from Digital/Data/Cloud Services, Managed Services, Consulting Services, IT outsourcing and Business Process Outsourcing/Contact Center. The Company generates ~ 87% of its revenue from export of Services to various geographies such as North America, Europe, Middle East and Asia Pacific, and ~13% from domestic market. The Company is well diversified into various industry verticals such as Banking and Finance, Telco, Retail, CPG, Pharma, and Public sector.
