Last close · 16 Oct 2026
Rs 134.48 +1.14%
Annual · FY2007 – FY2026
Security Papers Limited (SEPL) income statement
Security Papers Limited reported revenue of Rs 7.3 bn for FY2026 (Jul 2025 – Jun 2026), down 7.2% on FY2025. Gross profit came to Rs 1.6 bn, a gross margin of 21.7%. Operating profit was Rs 1.6 bn (an operating margin of 21.9%). Finance cost was Rs 2,000, down 95.5% on FY2025. Tax of Rs 690.9 mn took 43.2% of pre-tax profit. Profit attributable to shareholders was Rs 907.2 mn, down 40.5% on FY2025, or Rs 15.31 per share.
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 7,306.3 | 7,870.7 | 7,311.7 | 5,794.6 | 5,147.3 | |||||||||||||||
| Cost of revenue | (5,721.2) | (5,666.9) | (5,264.4) | (4,276.3) | (3,497.6) | |||||||||||||||
| Gross profit | 1,585.2 | 2,203.8 | 2,047.3 | 1,518.3 | 1,649.7 | |||||||||||||||
| Selling, general & administrative expenses | (526.8) | (502.2) | (472.7) | (394.0) | (350.4) | |||||||||||||||
| Operating profit | 1,601.4 | 2,399.2 | 2,397.8 | 1,549.1 | 1,400.6 | |||||||||||||||
| Finance cost | (0.0) | (0.0) | (2.7) | (5.6) | (2.5) | |||||||||||||||
| Profit before tax | 1,598.1 | 2,413.8 | 2,392.2 | 1,543.7 | 1,397.7 | |||||||||||||||
| Taxation | (690.9) | (890.0) | (903.5) | (576.3) | (448.8) | |||||||||||||||
| Profit after tax | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 | |||||||||||||||
| Profit attributable to shareholders | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 | |||||||||||||||
| Per share & other | ||||||||||||||||||||
| EPS – basic (Rs) Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 | |||||||||||||||
| EPS – diluted (Rs) Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 | |||||||||||||||
| Dividend per share (Rs) Rs | 9.00 | 11.50 | 12.50 | 11.00 | 10.00 | |||||||||||||||
| EBITDA | 1,888.4 | 2,653.3 | 2,621.4 | 1,760.8 | 1,632.9 | |||||||||||||||
| Depreciation & amortisation | 287.0 | 254.1 | 223.7 | 211.8 | 232.2 | |||||||||||||||
| Weighted average shares mn | 59.3 | 59.3 | 59.3 | 59.3 | 59.3 | |||||||||||||||
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | -7.2% | +7.6% | +26.2% | +12.6% | +2.9% | |||||||||||||||
| Cost of revenue | +1.0% | +7.6% | +23.1% | +22.3% | +12.1% | |||||||||||||||
| Gross profit | -28.1% | +7.6% | +34.8% | -8.0% | -12.3% | |||||||||||||||
| Selling, general & administrative expenses | +4.9% | +6.2% | +20.0% | +12.4% | +11.0% | |||||||||||||||
| Operating profit | -33.3% | +0.1% | +54.8% | +10.6% | -16.3% | |||||||||||||||
| Finance cost | -95.5% | -98.3% | -52.6% | +126.2% | -6.9% | |||||||||||||||
| Profit before tax | -33.8% | +0.9% | +55.0% | +10.4% | -30.0% | |||||||||||||||
| Taxation | -22.4% | -1.5% | +56.8% | +28.4% | -16.5% | |||||||||||||||
| Profit after tax | -40.5% | +2.4% | +53.9% | +1.9% | -34.9% | |||||||||||||||
| Profit attributable to shareholders | -40.5% | +2.4% | +53.9% | +1.9% | -34.9% | |||||||||||||||
| Per share & other | ||||||||||||||||||||
| EPS – basic (Rs) | -40.5% | +2.4% | +53.9% | +1.9% | -34.9% | |||||||||||||||
| EPS – diluted (Rs) | -40.5% | +2.4% | +53.9% | +1.9% | -34.9% | |||||||||||||||
| Dividend per share (Rs) | -21.7% | -8.0% | +13.6% | +10.0% | +11.1% | |||||||||||||||
| EBITDA | -28.8% | +1.2% | +48.9% | +7.8% | -13.0% | |||||||||||||||
| Depreciation & amortisation | +12.9% | +13.6% | +5.6% | -8.8% | +14.8% | |||||||||||||||
| Weighted average shares | — | — | — | — | — | |||||||||||||||
Change against the previous fiscal year; shown when the earlier figure is positive.
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | |||||||||||||||
| Cost of revenue | (78.3%) | (72.0%) | (72.0%) | (73.8%) | (67.9%) | |||||||||||||||
| Gross profit | 21.7% | 28.0% | 28.0% | 26.2% | 32.1% | |||||||||||||||
| Selling, general & administrative expenses | (7.2%) | (6.4%) | (6.5%) | (6.8%) | (6.8%) | |||||||||||||||
| Operating profit | 21.9% | 30.5% | 32.8% | 26.7% | 27.2% | |||||||||||||||
| Finance cost | (0.0%) | (0.0%) | (0.0%) | (0.1%) | (0.0%) | |||||||||||||||
| Profit before tax | 21.9% | 30.7% | 32.7% | 26.6% | 27.2% | |||||||||||||||
| Taxation | (9.5%) | (11.3%) | (12.4%) | (9.9%) | (8.7%) | |||||||||||||||
| Profit after tax | 12.4% | 19.4% | 20.4% | 16.7% | 18.4% | |||||||||||||||
| Profit attributable to shareholders | 12.4% | 19.4% | 20.4% | 16.7% | 18.4% | |||||||||||||||
| Per share & other | ||||||||||||||||||||
| EBITDA | 25.8% | 33.7% | 35.9% | 30.4% | 31.7% | |||||||||||||||
| Depreciation & amortisation | 3.9% | 3.2% | 3.1% | 3.7% | 4.5% | |||||||||||||||
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 119
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 |
|---|---|---|---|---|---|
| Revenue from Goods & Services | 7,306.3 | 7,870.7 | 7,311.7 | 5,794.6 | 5,147.3 |
| Sales of Goods & Services - Net - Unclassified | 7,306.3 | 7,870.7 | 7,311.7 | 5,794.6 | 5,147.3 |
| Revenue Taxes | — | — | — | — | — |
| Revenue from Business Activities - Total | 7,306.3 | 7,870.7 | 7,311.7 | 5,794.6 | 5,147.3 |
| Cost of Operating Revenue | 5,721.2 | 5,666.9 | 5,264.4 | 4,276.3 | 3,497.6 |
| Cost of Revenues - Total | 5,721.2 | 5,666.9 | 5,264.4 | 4,276.3 | 3,497.6 |
| Cost of Revenues - Unclassified | 5,462.4 | 5,437.7 | — | 4,077.6 | 3,280.9 |
| Selling, General & Administrative Expenses - Total | 526.8 | 502.2 | 472.7 | 394.0 | 350.4 |
| Selling, General & Administrative Expenses - Unclassified | 498.0 | 480.5 | 472.3 | 380.9 | 334.1 |
| Depreciation in Cost of Revenues | 258.8 | 229.2 | — | 198.7 | 216.7 |
| Depreciation in Selling, General & Administrative Expenses | 24.4 | 21.1 | — | 10.4 | 13.0 |
| Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues | — | — | — | — | — |
| Amortization of Intangibles in Selling, General & Administrative Expenses | — | — | — | 2.7 | 2.6 |
| Material Expenses | — | — | — | — | — |
| Other Operating Expense/(Income) - Net | (543.0) | (697.6) | (823.2) | (424.8) | (101.4) |
| Other Operating Income - Total | 688.0 | 898.6 | 1,012.9 | 676.8 | 373.2 |
| Ground leases/Rental Expenses in Cost of Revenues | — | — | — | — | — |
| Gross Profit - Industrials/Property - Total | 1,585.2 | 2,203.8 | 2,047.3 | 1,518.3 | 1,649.7 |
| Operating Expenses - Total | 5,704.9 | 5,471.5 | 4,914.0 | 4,245.5 | 3,746.6 |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | 4.4 | 0.6 | 0.5 | 0.0 | 0.8 |
| Selling, General & Administrative Expenses - Other - Total | — | — | — | — | — |
| Advertising Expense | — | — | — | — | — |
| Operating Profit before Non-Recurring Income/(Expense) | 1,601.4 | 2,399.2 | 2,397.8 | 1,549.1 | 1,400.6 |
| Financing Income/(Expense) - Net - Total | (2.3) | (2.7) | (5.6) | (6.9) | (3.7) |
| Interest Expense - Net of (Interest Income) | 0.0 | 0.0 | 2.7 | 5.6 | 2.5 |
| Other Operating Expense | 145.0 | 201.0 | 189.7 | 252.0 | 271.8 |
| Interest Expense - Net of Capitalized Interest | 0.0 | 0.0 | 2.7 | 5.6 | 2.5 |
| Non-Interest Financial Income/(Expense) - Total | (2.3) | (2.7) | (3.0) | (1.3) | (1.2) |
| Non-Interest Financial Income/(Expense) - Other - Net | (2.3) | (2.7) | (3.0) | (1.3) | (1.2) |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | (1.0) | 17.3 | — | 1.5 | 0.8 |
| Other Non-Operating Income/(Expense) - Total | — | — | — | — | — |
| Foreign Exchange Gain/(Loss) - Non-Business | — | — | — | — | — |
| Normalized Pre-tax Profit | 1,598.1 | 2,413.8 | 2,392.2 | 1,543.7 | 1,397.7 |
| Non-Recurring Income/Expense - Total | — | — | — | — | 0.0 |
| Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) | — | — | — | — | — |
| Fair Value Adjustments - Financial Investments | — | — | — | — | 0.0 |
| Provision for Income Tax Expense- Unclassified | 690.9 | 890.0 | 903.5 | — | — |
| Income before Taxes | 1,598.1 | 2,413.8 | 2,392.2 | 1,543.7 | 1,397.7 |
| Income Taxes | 690.9 | 890.0 | 903.5 | 576.3 | 448.8 |
| Income Taxes for the Year - Current | — | — | — | 600.5 | 480.7 |
| Income Taxes - Domestic - Current | — | — | — | — | — |
| Income Taxes - Other (KFAS/NLST) - Current | — | — | — | — | — |
| Income Taxes - Deferred | — | — | — | (20.9) | (31.6) |
| Income Taxes - Other - Deferred | — | — | — | — | — |
| Income Taxes - Other (by Type) | — | — | — | (3.3) | (0.4) |
| Net Income after Tax | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Income before Discontinued Operations & Extraordinary Items | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Net Income before Minority Interest | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Net Income after Minority Interest | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Income Available to Common Shares | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| DPS - Common - Gross - Issue - By Period End Date Rs | 9.00 | 11.50 | 12.50 | 11.00 | 10.00 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Income available to Common excluding Extraordinary Items | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Shares used to calculate Basic EPS - Total mn | 59.3 | 59.3 | 59.3 | 59.3 | 59.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Earnings Allocation Factor - Basic - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Basic EPS - Issue Specific mn | 59.3 | 59.3 | 59.3 | 59.3 | 59.3 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Dilution Adjustment | — | — | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Diluted Income available to Common excluding Extraordinary Items | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Shares used to calculate Diluted EPS - Total mn | 59.3 | 59.3 | 59.3 | 59.3 | 59.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Earnings Allocation Factor - Diluted - Issue Specific | 1.00× | 1.00× | 1.00× | 1.00× | 1.00× |
| Shares used to calculate Diluted EPS - Issue Specific mn | 59.3 | 59.3 | 59.3 | 59.3 | 59.3 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 15.31 | 25.72 | 25.12 | 16.33 | 16.02 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 9.00 | 12.50 | 13.50 | 10.00 | 9.00 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 8.10 | 11.25 | 12.15 | 9.00 | 8.10 |
| Earnings before Interest & Taxes (EBIT) | 1,601.4 | 2,399.2 | 2,397.8 | 1,549.1 | 1,400.6 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 1,888.4 | 2,653.3 | 2,621.4 | 1,760.8 | 1,632.9 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | — | — | — | — | — |
| Depreciation & Amortization - Supplemental | 283.1 | 250.3 | 220.9 | 211.8 | 232.2 |
| Depreciation Expense - Total - Supplemental | 283.1 | 250.3 | 220.9 | 209.0 | 229.6 |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | — | — | 2.6 | 10.5 | 7.9 |
| Amortization - Total - Supplemental | — | — | — | 2.7 | 2.6 |
| Intangible Amortization - Other - Supplemental | — | — | — | 2.7 | 2.6 |
| Amortization of Computer Software - Supplemental | — | — | — | 2.7 | 2.6 |
| Depreciation, Depletion & Amortization - Total | 287.0 | 254.1 | 223.7 | 211.8 | 232.2 |
| Depreciation - Total | 283.1 | 250.3 | 220.9 | 209.0 | 229.6 |
| Amortization of Intangible Assets excluding Goodwill - Total | 3.9 | 3.8 | 2.8 | 2.7 | 2.6 |
| Labor & Related Expenses - Total | — | — | — | — | — |
| Labor & Related Expenses - Supplemental | — | — | — | — | — |
| Auditor Fees | — | — | — | — | — |
| Audit-Related Fees | — | — | — | — | — |
| Normalized after Tax Profit | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Normalized Net Income from Continuing Operations | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Normalized Net Income - Bottom Line | 907.2 | 1,523.8 | 1,488.7 | 967.4 | 949.0 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 1,598.1 | 2,413.8 | 2,394.8 | 1,549.3 | 1,400.2 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 1,885.0 | 2,667.9 | 2,618.5 | 1,761.0 | 1,632.5 |
| Depreciation of Financial Lease Right-of-Use Assets | — | — | 2.6 | 10.5 | 7.9 |
| Interest Expense on Financial Lease Liabilities - Supplemental | — | 0.0 | 2.1 | 5.4 | 2.3 |
| Rental/Operating Lease Expense | — | — | — | — | — |
| Advertising Expenses - Supplemental | — | — | — | — | — |
| Interest Expense | 0.0 | 0.0 | 2.7 | 5.6 | 2.5 |
| Operating Expenses | 5,704.9 | 5,471.5 | 4,914.0 | 4,245.5 | 3,746.6 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 526.8 | 502.2 | 472.7 | 394.0 | 350.4 |
| Income before Taxes & Provision for Loan Losses | 1,598.1 | 2,413.8 | 2,392.2 | 1,543.7 | 1,397.7 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 5,721.2 | 5,666.9 | 5,264.4 | 4,276.3 | 3,497.6 |
| Cost of Revenues excluding Depreciation | 5,462.4 | 5,437.7 | 5,264.4 | 4,077.6 | 3,280.9 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 9.00 | 12.50 | 13.50 | 10.00 | 9.00 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 9.00 | 12.50 | 13.50 | 10.00 | 9.00 |
| Tax Adjusted Operating Income | 907.2 | 1,523.8 | 1,490.3 | 970.9 | 950.7 |
| Operating Expenses excluding Non-Cash Charges - Total | 5,417.9 | 5,217.4 | 4,690.3 | 4,033.8 | 3,514.4 |
| Income Available to Common Shares before Depreciation & Amortization | 1,194.1 | 1,777.9 | 1,712.3 | 1,179.1 | 1,181.2 |
| Fixed Charges | 0.0 | 0.0 | 2.7 | 5.6 | 2.5 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 9.00 | 12.50 | 13.50 | 10.00 | 9.00 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.