Pakistan’s largest listed technology company, Systems Limited, reported a sharp rise in revenue in the third quarter of 2026, with sales climbing 29% year on year to Rs26.78 billion, according to a result review issued on October 26, 2026.
What happened?
Systems Limited, listed on the Pakistan Stock Exchange as SYS, announced its results for the quarter ended September 30, 2026. Consolidated profit after tax rose 9% year on year to Rs3.03 billion, with earnings per share of Rs1.98, the review by Topline Securities said.
Key details
- Net sales rose 29% year on year, from Rs20.68 billion in the same quarter last year to Rs26.78 billion.
- Sales in the Middle East rose 26% and sales in North America rose 41%, with the Confiz acquisition helping drive growth in North America.
- Gross margin fell to 25% in the quarter, from around 30% a year earlier, as margins declined across most regions, while the domestic segment’s gross margin improved to 21% from 16%.
- Operating profit fell 7.5% year on year to Rs3.20 billion, as thinner margins and higher costs offset the revenue growth, while profit before tax rose 7% to Rs3.37 billion.
- Selling and distribution expenses rose 26% year on year to Rs966 million and administrative expenses rose 44% to Rs2.33 billion.
- For the nine months ended September 30, 2026, consolidated net profit rose 14% to Rs9.08 billion, on net revenue of Rs76.49 billion, up from Rs57.42 billion a year earlier.
What it means for people in Pakistan
Systems Limited is one of Pakistan’s flagship exporters of software and IT services, so a strong quarter for its overseas business is a positive sign for the country’s technology exports and for skilled jobs in the sector. At the same time, the squeeze on margins shows that growth is coming with higher costs, something investors and employees will watch in the next quarter. For young graduates looking at technology careers, the company’s continued expansion in the Middle East and North America underlines where demand for Pakistani software talent is coming from.
Source: https://bloompakistan.com/systems-limiteds-revenue-hits-rs-26-78-billion-in-third-quarter-of-2026/
