Systems Ltd. Annual Results, announces Stock Split

Systems Limited (PSX:SYS) reported its financial results for the year ending December 2024.

The company posted an EPS of Rs21 for the full year, reflecting around 30% decline over last year. Alongside the earnings, SYS declared a cash dividend of Rs6.00 for the year. Additionally, the company announced a stock split in the ratio of 5 shares for every 1 share held, aimed at enhancing liquidity and accessibility for investors.

In the fourth quarter of 2024, SYS reported an EPS of Rs 6.6 compared to an average of Rs 5.1 for last four quarters.

On the revenue front, the company continued its strong growth trajectory, with annual revenues reaching Rs38.5 billion in local currency, a 20% increase compared to the previous year. However, profit after tax (PAT) declined by 29% to Rs6.1 billion, primarily due to currency appreciation. With over 90% of revenue being USD-denominated, the company recorded an exchange loss of Rs220 million in FY 2024, a stark contrast to the exchange gain of Rs2,176 million in FY 2023. Furthermore, gross profit and operating profit decreased by 2% and 31%, respectively, during the year.

https://dps.psx.com.pk/download/document/249953.pdf