Last close · 16 Oct 2026
Rs 105.78 -0.24%
Annual · FY2020 – FY2025
Service GlobalFootwear Limited (SGF) income statement
Service GlobalFootwear Limited reported revenue of Rs 19.9 bn for FY2025 (Jan – Dec 2025), up 14.1% on FY2024. Gross profit came to Rs 3.9 bn, a gross margin of 19.7%. Operating profit was Rs 977.0 mn (an operating margin of 4.9%). Finance cost was Rs 374.0 mn, down 37.1% on FY2024. Tax of Rs 862.3 mn took 30.8% of pre-tax profit. Profit attributable to shareholders was Rs 1.9 bn, up 74.0% on FY2024, or Rs 9.39 per share.
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 |
|---|---|---|---|---|---|---|
| Revenue | 19.9 | 17.5 | 15.1 | 11.8 | 7.0 | 6.9 |
| Cost of revenue | (16.0) | (14.3) | (11.7) | (9.6) | (5.8) | (5.5) |
| Gross profit | 3.9 | 3.2 | 3.3 | 2.2 | 1.2 | 1.4 |
| Selling, general & administrative expenses | (3.0) | (2.5) | (2.0) | (1.5) | (1.0) | (0.8) |
| Operating profit | 1.0 | 0.7 | 1.4 | 0.7 | 0.5 | 0.7 |
| Finance cost | (0.4) | (0.6) | (0.9) | (0.4) | (0.1) | (0.1) |
| Profit before tax | 2.8 | 1.4 | 1.4 | 0.7 | 0.6 | 0.8 |
| Taxation | (0.9) | (0.3) | (0.2) | (0.3) | (0.2) | (0.1) |
| Profit after tax | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Profit attributable to shareholders | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Per share & other | ||||||
| EPS – basic (Rs) Rs | 9.39 | 5.40 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS – diluted (Rs) Rs | 9.33 | 5.38 | 5.70 | 1.67 | 2.10 | 8.25 |
| Dividend per share (Rs) Rs | 2.00 | 4.00 | 5.00 | 3.50 | 2.00 | 0.00 |
| EBITDA | 1.3 | 1.0 | 1.6 | 0.9 | 0.6 | 0.8 |
| Depreciation & amortisation | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Weighted average shares mn | 206.2 | 206.0 | 205.5 | 204.7 | 191.6 | 86.0 |
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 |
|---|---|---|---|---|---|---|
| Revenue | +14.1% | +15.9% | +28.2% | +66.9% | +2.1% | — |
| Cost of revenue | +12.1% | +21.9% | +22.5% | +64.9% | +5.0% | — |
| Gross profit | +23.3% | -5.0% | +53.1% | +76.6% | -9.6% | — |
| Selling, general & administrative expenses | +18.5% | +25.5% | +34.4% | +51.3% | +19.7% | — |
| Operating profit | +37.4% | -48.7% | +93.9% | +55.1% | -32.4% | — |
| Finance cost | -37.1% | -36.3% | +118.8% | +199.5% | +31.6% | — |
| Profit before tax | +94.7% | +6.4% | +96.4% | +20.1% | -26.3% | — |
| Taxation | +165.8% | +80.5% | -48.0% | +104.0% | +147.0% | — |
| Profit after tax | +74.0% | -5.0% | +242.4% | -15.2% | -43.1% | — |
| Profit attributable to shareholders | +74.0% | -5.0% | +242.4% | -15.2% | -43.1% | — |
| Per share & other | ||||||
| EPS – basic (Rs) | +73.8% | -5.2% | +241.2% | -20.6% | -74.5% | — |
| EPS – diluted (Rs) | +73.4% | -5.6% | +242.2% | -20.7% | -74.5% | — |
| Dividend per share (Rs) | -50.0% | -20.0% | +42.9% | +75.0% | — | — |
| EBITDA | +27.8% | -39.0% | +80.9% | +42.7% | -22.3% | — |
| Depreciation & amortisation | +3.7% | +16.2% | +31.4% | +9.0% | +29.7% | — |
| Weighted average shares | — | — | — | — | — | — |
Change against the previous fiscal year; shown when the earlier figure is positive.
| Rs mn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 |
|---|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Cost of revenue | (80.3%) | (81.8%) | (77.8%) | (81.4%) | (82.4%) | (80.1%) |
| Gross profit | 19.7% | 18.2% | 22.2% | 18.6% | 17.6% | 19.9% |
| Selling, general & administrative expenses | (14.9%) | (14.3%) | (13.2%) | (12.6%) | (13.9%) | (11.9%) |
| Operating profit | 4.9% | 4.1% | 9.2% | 6.1% | 6.5% | 9.9% |
| Finance cost | (1.9%) | (3.4%) | (6.2%) | (3.6%) | (2.0%) | (1.6%) |
| Profit before tax | 14.0% | 8.2% | 9.0% | 5.9% | 8.1% | 11.3% |
| Taxation | (4.3%) | (1.9%) | (1.2%) | (2.9%) | (2.4%) | (1.0%) |
| Profit after tax | 9.7% | 6.4% | 7.8% | 2.9% | 5.7% | 10.3% |
| Profit attributable to shareholders | 9.7% | 6.4% | 7.8% | 2.9% | 5.7% | 10.3% |
| Per share & other | ||||||
| EBITDA | 6.4% | 5.7% | 10.8% | 7.7% | 9.0% | 11.8% |
| Depreciation & amortisation | 1.5% | 1.6% | 1.6% | 1.6% | 2.4% | 1.9% |
Each line as a percentage of revenue.
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.
All reported line items 130
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 |
|---|---|---|---|---|---|---|
| Revenue from Goods & Services | 19.9 | 17.5 | 15.1 | 11.8 | 7.0 | 6.9 |
| Sales of Goods & Services - Net - Unclassified | 19.9 | 17.5 | 15.1 | 11.8 | 7.0 | 6.9 |
| Revenue from Business Activities - Total | 19.9 | 17.5 | 15.1 | 11.8 | 7.0 | 6.9 |
| Cost of Operating Revenue | 16.0 | 14.3 | 11.7 | 9.6 | 5.8 | 5.5 |
| Cost of Revenues - Total | 16.0 | 14.3 | 11.7 | 9.6 | 5.8 | 5.5 |
| Cost of Revenues - Unclassified | 3.1 | 2.5 | 1.6 | 1.1 | 5.6 | 5.4 |
| Selling, General & Administrative Expenses - Total | 3.0 | 2.5 | 2.0 | 1.5 | 1.0 | 0.8 |
| Selling, General & Administrative Expenses - Unclassified | 1.9 | 1.6 | 1.3 | 1.0 | 1.0 | 0.8 |
| Depreciation in Cost of Revenues | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation in Selling, General & Administrative Expenses | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues | 4.2 | 3.6 | 3.0 | 2.4 | — | — |
| Material Expenses | 8.4 | 7.9 | 6.9 | 5.9 | — | — |
| Material Expenses - Materials, Inventory, Own Work & Utility - Unclassified | 8.4 | 7.9 | 6.9 | 5.9 | — | — |
| Other Operating Expense/(Income) - Net | (0.0) | (0.0) | (0.0) | (0.0) | (0.2) | (0.1) |
| Other Operating Income - Total | 0.0 | 0.0 | 0.0 | 0.0 | 0.2 | 0.2 |
| Ground leases/Rental Expenses in Cost of Revenues | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Gross Profit - Industrials/Property - Total | 3.9 | 3.2 | 3.3 | 2.2 | 1.2 | 1.4 |
| Operating Expenses - Total | 19.0 | 16.8 | 13.7 | 11.0 | 6.6 | 6.2 |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | 1.0 | 0.8 | 0.6 | 0.4 | — | — |
| Selling, General & Administrative Expenses - Other - Total | 0.0 | 0.1 | 0.0 | 0.0 | — | — |
| Advertising Expense | — | 0.0 | 0.0 | — | — | — |
| Operations & Maintenance (Utility) | 0.0 | 0.0 | 0.0 | — | — | — |
| Rental Expense | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Operating Profit before Non-Recurring Income/(Expense) | 1.0 | 0.7 | 1.4 | 0.7 | 0.5 | 0.7 |
| Financing Income/(Expense) - Net - Total | (0.4) | (0.6) | (0.3) | 0.2 | 0.1 | 0.1 |
| Interest Expense - Net of (Interest Income) | 0.3 | 0.5 | 0.4 | (0.1) | (0.1) | (0.1) |
| Other Operating Expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Interest Expense - Net of Capitalized Interest | 0.4 | 0.6 | 0.9 | 0.4 | 0.1 | 0.1 |
| Provision for Doubtful Accounts & Write-off | 0.0 | 0.1 | 0.0 | 0.0 | — | — |
| Non-Interest Financial Income/(Expense) - Total | (0.1) | (0.1) | 0.1 | 0.0 | (0.0) | (0.0) |
| Non-Interest Financial Income/(Expense) - Other - Net | (0.1) | (0.1) | (0.1) | (0.0) | (0.0) | (0.0) |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Equity Earnings/(Loss) - before Taxes including Non-Recurring | 2.3 | 1.3 | 0.5 | (0.2) | 0.0 | 0.0 |
| Other Non-Operating Income/(Expense) - Total | (0.1) | (0.2) | (0.2) | — | — | — |
| Foreign Exchange Gain/(Loss) - Non-Business | 0.0 | (0.0) | 0.2 | 0.1 | — | — |
| Normalized Pre-tax Profit | 2.8 | 1.3 | 1.4 | 0.7 | 0.6 | 0.8 |
| Non-Recurring Income/Expense - Total | 0.0 | 0.2 | (0.0) | 0.0 | — | — |
| Impairment - Tangible & Intangible Fixed Assets | 0.0 | — | — | — | — | — |
| Interest Income - Non-Bank | 0.1 | 0.1 | 0.5 | 0.6 | 0.3 | 0.2 |
| Impairment - Intangibles excluding Goodwill | 0.0 | — | — | — | — | — |
| Non-Recurring Income/(Expense) - Other - Total | — | — | — | 0.0 | — | — |
| Provision for Income Tax Expense- Unclassified | — | — | — | — | 0.2 | 0.1 |
| Income before Taxes | 2.8 | 1.4 | 1.4 | 0.7 | 0.6 | 0.8 |
| Income Taxes | 0.9 | 0.3 | 0.2 | 0.3 | 0.2 | 0.1 |
| Income Taxes for the Year - Current | 0.2 | 0.1 | 0.1 | 0.3 | — | — |
| Income Taxes - Deferred | 0.5 | 0.2 | 0.1 | (0.0) | — | — |
| Income Taxes - Other (by Type) | 0.1 | 0.0 | 0.0 | 0.0 | — | — |
| Unrealized Adjustments on Derivatives for Hedging | 0.0 | 0.2 | (0.0) | — | — | — |
| Net Income after Tax | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Income before Discontinued Operations & Extraordinary Items | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Net Income before Minority Interest | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Net Income after Minority Interest | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Income Available to Common Shares | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Other Comprehensive Income - Starting Line | 1.9 | 1.1 | 1.2 | — | — | — |
| Other Comprehensive Income - Foreign Currency | 0.0 | (0.0) | (0.0) | — | — | — |
| Other Comprehensive Income - Other | (0.0) | — | — | — | — | — |
| Other Comprehensive Income - Pension Related | (0.0) | (0.0) | (0.0) | — | — | — |
| Other Comprehensive Income - Net of Tax - Total | (0.0) | (0.0) | (0.0) | — | — | — |
| Comprehensive Income before Minority Interest - Total | 1.9 | 1.1 | 1.1 | — | — | — |
| Comprehensive Income - Attributable to Parent Company Equity Holders - Total | 1.9 | 1.1 | 1.1 | — | — | — |
| DPS - Common - Gross - Issue - By Period End Date Rs | 2.00 | 4.00 | 5.00 | 3.50 | 2.00 | 0.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Income available to Common excluding Extraordinary Items | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Shares used to calculate Basic EPS - Total mn | 206.2 | 206.0 | 205.5 | 204.7 | 191.6 | 86.0 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 9.39 | 5.40 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 9.39 | 5.40 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 9.37 | 4.59 | 5.70 | 1.65 | 2.10 | 8.25 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 206.2 | 206.0 | 205.5 | 204.7 | 191.6 | 86.0 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 9.39 | 5.40 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 9.39 | 5.40 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 9.37 | 4.59 | 5.70 | 1.65 | 2.10 | 8.25 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Comprehensive Earnings Per Share - Basic - Issue Specific Rs | 9.38 | 5.30 | 5.52 | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Diluted Income available to Common excluding Extraordinary Items | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Shares used to calculate Diluted EPS - Total mn | 207.7 | 206.9 | 205.5 | 205.4 | 192.1 | 86.0 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 9.33 | 5.38 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 9.33 | 5.38 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 9.31 | 4.57 | 5.70 | 1.64 | 2.10 | 8.25 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 1.9 | 1.1 | 1.2 | 0.3 | 0.4 | 0.7 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 207.7 | 206.9 | 205.5 | 205.4 | 192.1 | 86.0 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 9.33 | 5.38 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 9.33 | 5.38 | 5.70 | 1.67 | 2.10 | 8.25 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 9.31 | 4.57 | 5.70 | 1.64 | 2.10 | 8.25 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Comprehensive Earnings Per Share - Diluted - Issue Specific Rs | 9.32 | 5.28 | 5.52 | — | — | — |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 4.00 | 2.00 | 4.00 | 4.50 | 0.00 | 0.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 3.60 | 1.80 | 3.60 | 4.05 | 0.00 | 0.00 |
| Earnings before Interest & Taxes (EBIT) | 1.0 | 0.7 | 1.4 | 0.7 | 0.5 | 0.7 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 1.3 | 1.0 | 1.6 | 0.9 | 0.6 | 0.8 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | 1.3 | 1.0 | 1.7 | 0.9 | — | — |
| Depreciation & Amortization - Supplemental | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation Expense - Total - Supplemental | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation, Depletion & Amortization - Total | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation - Total | 0.3 | 0.3 | 0.2 | 0.2 | 0.2 | 0.1 |
| Labor & Related Expenses - Total | 5.3 | 4.4 | 3.6 | 2.9 | — | — |
| Labor & Related Expenses - Supplemental | 5.2 | 4.4 | 3.6 | 2.8 | — | — |
| Stock-Based Compensation Expense - Net of Tax - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Stock-Based Compensation Expense - Pre-tax - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Stock-Based Compensation - Tax Benefit - Supplemental | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Auditor Fees | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Audit-Related Fees | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Fees - Other | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Normalized after Tax Profit | 1.9 | 0.9 | 1.2 | 0.3 | 0.4 | 0.7 |
| Normalized Net Income from Continuing Operations | 1.9 | 0.9 | 1.2 | 0.3 | 0.4 | 0.7 |
| Normalized Net Income - Bottom Line | 1.9 | 0.9 | 1.2 | 0.3 | 0.4 | 0.7 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 3.1 | 1.8 | 1.7 | 0.5 | 0.4 | 0.6 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 3.4 | 2.0 | 2.0 | 0.7 | 0.6 | 0.8 |
| Derivatives - Hedging - Gain/(Loss) - Total - Supplemental | 0.0 | 0.2 | (0.0) | — | — | — |
| Rental/Operating Lease Expense | 0.0 | 0.0 | 0.0 | 0.0 | — | — |
| Unrealized Adjustments on Derivatives for Hedging - Supplemental | 0.0 | 0.2 | (0.0) | — | — | — |
| Advertising Expenses - Supplemental | — | 0.0 | 0.0 | — | — | — |
| Interest Expense | 0.4 | 0.6 | 0.9 | 0.4 | 0.1 | 0.1 |
| Operating Expenses | 19.0 | 16.8 | 13.7 | 11.0 | 6.6 | 6.2 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 3.0 | 2.5 | 2.0 | 1.5 | 1.0 | 0.8 |
| Income before Taxes & Provision for Loan Losses | 2.8 | 1.4 | 1.4 | 0.7 | 0.6 | 0.8 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 16.0 | 14.3 | 11.7 | 9.6 | 5.8 | 5.5 |
| Cost of Revenues excluding Depreciation | 15.8 | 14.0 | 11.5 | 9.4 | 5.6 | 5.4 |
| Generation Cost | 16.0 | 14.3 | 11.7 | — | — | — |
| DPS - Common - Gross - Issue - By Payable Date Rs | 4.00 | 2.00 | 4.00 | 4.50 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 4.00 | 2.00 | 4.00 | 4.50 | 0.00 | 0.00 |
| Tax Adjusted Operating Income | 2.2 | 1.6 | 2.0 | 0.6 | 0.5 | 0.8 |
| Operating Expenses excluding Non-Cash Charges - Total | 18.7 | 16.5 | 13.4 | 10.9 | 6.4 | 6.1 |
| Income Available to Common Shares before Depreciation & Amortization | 2.2 | 1.4 | 1.4 | 0.5 | 0.6 | 0.8 |
| Fixed Charges | 0.4 | 0.6 | 0.9 | 0.4 | 0.1 | 0.1 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× | 0.35× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 4.00 | 2.00 | 4.00 | 4.50 | 0.00 | 0.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 6 periods; the table above goes back further.