Last close · 16 Oct 2026
Rs 39.75 -0.35%
Annual · FY2014 – FY2026
SPEL Limited (SPEL) income statement
SPEL Limited reported revenue of Rs 9.4 bn for FY2026 (Jul 2025 – Jun 2026), down 2.3% on FY2025. Gross profit came to Rs 2.5 bn, a gross margin of 26.3%. Operating profit was Rs 1.9 bn (an operating margin of 20.4%). Finance cost was Rs 75.6 mn, down 38.0% on FY2025. Tax of Rs 718.9 mn took 38.8% of pre-tax profit. Profit attributable to shareholders was Rs 1.1 bn, down 9.3% on FY2025, or Rs 5.99 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 | 9,408.9 | 9,633.2 | 6,965.1 | 6,431.0 | 6,308.4 | ||||||||
| Cost of revenue | (6,937.5) | (7,045.3) | (5,643.0) | (5,117.7) | (5,063.8) | ||||||||
| Gross profit | 2,471.4 | 2,588.0 | 1,322.1 | 1,313.2 | 1,244.6 | ||||||||
| Selling, general & administrative expenses | (553.4) | (490.2) | (384.0) | (311.0) | (276.4) | ||||||||
| Operating profit | 1,918.0 | 2,097.7 | 938.0 | 1,002.2 | 968.1 | ||||||||
| Finance cost | (75.6) | (122.0) | (131.6) | (135.0) | (102.2) | ||||||||
| Profit before tax | 1,855.2 | 1,991.0 | 907.8 | 859.6 | 852.2 | ||||||||
| Taxation | (718.9) | (737.9) | (266.9) | (368.5) | (313.2) | ||||||||
| Profit after tax | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 | ||||||||
| Profit attributable to shareholders | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 | ||||||||
| Per share & other | |||||||||||||
| EPS – basic (Rs) Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 | ||||||||
| EPS – diluted (Rs) Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 | ||||||||
| Dividend per share (Rs) Rs | 1.00 | 1.00 | 0.80 | 0.75 | 0.50 | ||||||||
| EBITDA | 2,292.6 | 2,449.5 | 1,262.1 | 1,322.0 | 1,241.6 | ||||||||
| Depreciation & amortisation | 374.6 | 351.7 | 324.0 | 319.8 | 273.5 | ||||||||
| Weighted average shares mn | 189.7 | 189.7 | 190.7 | 198.8 | 199.7 | ||||||||
| 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 | -2.3% | +38.3% | +8.3% | +1.9% | +51.2% | ||||||||
| Cost of revenue | -1.5% | +24.8% | +10.3% | +1.1% | +54.7% | ||||||||
| Gross profit | -4.5% | +95.8% | +0.7% | +5.5% | +38.5% | ||||||||
| Selling, general & administrative expenses | +12.9% | +27.6% | +23.5% | +12.5% | +36.6% | ||||||||
| Operating profit | -8.6% | +123.6% | -6.4% | +3.5% | +39.1% | ||||||||
| Finance cost | -38.0% | -7.3% | -2.6% | +32.2% | +127.4% | ||||||||
| Profit before tax | -6.8% | +119.3% | +5.6% | +0.9% | +33.4% | ||||||||
| Taxation | -2.6% | +176.5% | -27.6% | +17.6% | +75.4% | ||||||||
| Profit after tax | -9.3% | +95.5% | +30.5% | -8.9% | +17.1% | ||||||||
| Profit attributable to shareholders | -9.3% | +95.5% | +30.5% | -8.9% | +17.1% | ||||||||
| Per share & other | |||||||||||||
| EPS – basic (Rs) | -9.3% | +96.5% | +36.1% | -8.4% | +15.0% | ||||||||
| EPS – diluted (Rs) | -9.3% | +96.5% | +36.1% | -8.4% | +15.0% | ||||||||
| Dividend per share (Rs) | 0.0% | +25.0% | +6.7% | +50.0% | +116.0% | ||||||||
| EBITDA | -6.4% | +94.1% | -4.5% | +6.5% | +40.3% | ||||||||
| Depreciation & amortisation | +6.5% | +8.5% | +1.3% | +16.9% | +44.8% | ||||||||
| 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 | (73.7%) | (73.1%) | (81.0%) | (79.6%) | (80.3%) | ||||||||
| Gross profit | 26.3% | 26.9% | 19.0% | 20.4% | 19.7% | ||||||||
| Selling, general & administrative expenses | (5.9%) | (5.1%) | (5.5%) | (4.8%) | (4.4%) | ||||||||
| Operating profit | 20.4% | 21.8% | 13.5% | 15.6% | 15.3% | ||||||||
| Finance cost | (0.8%) | (1.3%) | (1.9%) | (2.1%) | (1.6%) | ||||||||
| Profit before tax | 19.7% | 20.7% | 13.0% | 13.4% | 13.5% | ||||||||
| Taxation | (7.6%) | (7.7%) | (3.8%) | (5.7%) | (5.0%) | ||||||||
| Profit after tax | 12.1% | 13.0% | 9.2% | 7.6% | 8.5% | ||||||||
| Profit attributable to shareholders | 12.1% | 13.0% | 9.2% | 7.6% | 8.5% | ||||||||
| Per share & other | |||||||||||||
| EBITDA | 24.4% | 25.4% | 18.1% | 20.6% | 19.7% | ||||||||
| Depreciation & amortisation | 4.0% | 3.7% | 4.7% | 5.0% | 4.3% | ||||||||
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 123
| 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 | 9,408.9 | 9,633.2 | 6,965.1 | 6,431.0 | 6,308.4 |
| Sales of Goods & Services - Net - Unclassified | 9,408.9 | 9,633.2 | 6,965.1 | 6,431.0 | — |
| Sales Returns, Allowances & Other Revenue Adjustments | — | — | — | — | 50.9 |
| Revenue Taxes | — | — | — | — | 1,112.1 |
| Gross Revenue from Business Activities - Total | — | — | — | — | 7,471.3 |
| Revenue from Business Activities - Total | 9,408.9 | 9,633.2 | 6,965.1 | 6,431.0 | 6,308.4 |
| Cost of Operating Revenue | 6,937.5 | 7,045.3 | 5,643.0 | 5,117.7 | 5,063.8 |
| Cost of Revenues - Total | 6,937.5 | 7,045.3 | 5,643.0 | 5,117.7 | 5,063.8 |
| Cost of Revenues - Unclassified | 6,589.1 | 6,727.8 | 5,353.6 | 4,833.0 | 4,820.0 |
| Selling, General & Administrative Expenses - Total | 553.4 | 490.2 | 384.0 | 311.0 | 276.4 |
| Selling, General & Administrative Expenses - Unclassified | 523.8 | 455.9 | 350.5 | 276.1 | 245.8 |
| Depreciation in Cost of Revenues | 348.4 | 317.5 | 289.5 | 284.7 | 243.8 |
| Depreciation in Selling, General & Administrative Expenses | 26.2 | 31.0 | 31.3 | 31.8 | 26.9 |
| Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues | — | — | — | — | — |
| Amortization of Intangibles in Selling, General & Administrative Expenses | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 |
| Material Expenses | — | — | — | — | — |
| Materials Purchased | — | — | — | — | — |
| Gross Profit - Industrials/Property - Total | 2,471.4 | 2,588.0 | 1,322.1 | 1,313.2 | 1,244.6 |
| Operating Expenses - Total | 7,490.9 | 7,535.5 | 6,027.1 | 5,428.7 | 5,340.2 |
| Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses | — | — | — | — | — |
| Selling, General & Administrative Expenses - Other - Total | 3.4 | 3.2 | 2.0 | 3.0 | 3.6 |
| Advertising Expense | — | — | — | — | 0.8 |
| Rental Expense | 3.4 | 3.2 | 2.0 | 3.0 | 2.8 |
| Operating Profit before Non-Recurring Income/(Expense) | 1,918.0 | 2,097.7 | 938.0 | 1,002.2 | 968.1 |
| Financing Income/(Expense) - Net - Total | (81.4) | (127.5) | (133.3) | (112.3) | (102.9) |
| Interest Expense - Net of (Interest Income) | 75.6 | 122.0 | 131.6 | 112.2 | 102.2 |
| Interest Expense - Net of Capitalized Interest | 75.6 | 122.0 | 131.6 | 135.0 | 102.2 |
| Provision for Doubtful Accounts & Write-off | — | — | — | — | — |
| Non-Interest Financial Income/(Expense) - Total | (5.8) | (5.6) | (1.7) | (0.1) | (0.7) |
| Non-Interest Financial Income/(Expense) - Other - Net | (5.8) | (5.6) | (1.7) | (0.5) | (0.7) |
| Sale of Tangible & Intangible Fixed Assets - Gain/Loss | 0.0 | 27.1 | 61.0 | (0.8) | — |
| Other Non-Operating Income/(Expense) - Total | 0.2 | (6.3) | 42.1 | (29.5) | (13.1) |
| Foreign Exchange Gain/(Loss) - Non-Business | — | — | — | 0.4 | — |
| Normalized Pre-tax Profit | 1,836.8 | 1,991.0 | 907.8 | 859.6 | 852.2 |
| Non-Recurring Income/Expense - Total | 18.5 | — | — | — | — |
| Interest Income - Non-Bank | — | — | — | 22.8 | — |
| Impairment - Financial Investments | (18.5) | — | — | — | — |
| Non-Recurring Income/(Expense) - Other - Total | — | — | — | — | — |
| Provision for Income Tax Expense- Unclassified | 718.9 | 737.9 | 266.9 | 368.5 | 313.2 |
| Income before Taxes | 1,855.2 | 1,991.0 | 907.8 | 859.6 | 852.2 |
| Income Taxes | 718.9 | 737.9 | 266.9 | 368.5 | 313.2 |
| Income Taxes for the Year - Current | — | — | — | — | — |
| Income Taxes - Deferred | — | — | — | — | — |
| Net Income after Tax | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Income before Discontinued Operations & Extraordinary Items | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Net Income before Minority Interest | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Net Income after Minority Interest | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Income Available to Common Shares | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Other Comprehensive Income - Starting Line | — | — | — | — | — |
| Other Comprehensive Income - Other | — | — | — | — | — |
| Other Comprehensive Income - Net of Tax - Total | — | — | — | — | — |
| Comprehensive Income before Minority Interest - Total | — | — | — | — | — |
| Comprehensive Income - Attributable to Parent Company Equity Holders - Total | — | — | — | — | — |
| DPS - Common - Gross - Issue - By Period End Date Rs | 1.00 | 1.00 | 0.80 | 0.75 | 0.50 |
| Net Income - Basic - including Extraordinary Items Applicable to Common - Total | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Income available to Common excluding Extraordinary Items | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Shares used to calculate Basic EPS - Total mn | 189.7 | 189.7 | 190.7 | 198.8 | 199.7 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs | 5.89 | 6.60 | 3.36 | 2.47 | 2.70 |
| Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| 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 | 189.7 | 189.7 | 190.7 | 198.8 | 199.7 |
| EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs | 5.89 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Basic from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Comprehensive Earnings Per Share - Basic - Issue Specific Rs | — | — | — | — | — |
| Dilution Adjustment | — | — | — | — | — |
| Net Income - Diluted - including Extraordinary Items Applicable to Common - Total | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Diluted Income available to Common excluding Extraordinary Items | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Shares used to calculate Diluted EPS - Total mn | 189.7 | 189.7 | 190.7 | 198.8 | 199.7 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs | 5.89 | 6.60 | 3.36 | 2.47 | 2.70 |
| Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific | 1,136.3 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| 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 | 189.7 | 189.7 | 190.7 | 198.8 | 199.7 |
| EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs | 5.99 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs | 5.89 | 6.60 | 3.36 | 2.47 | 2.70 |
| EPS - Diluted from Discontinued Operations & Extraordinary Items Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Comprehensive Earnings Per Share - Diluted - Issue Specific Rs | — | — | — | — | — |
| DPS - Common - Gross - Issue - By Announcement Date Rs | 0.90 | 1.40 | 0.50 | 0.25 | 0.73 |
| DPS - Common - Net - Issue - By Announcement Date Rs | 0.81 | 1.26 | 0.45 | 0.23 | 0.66 |
| Earnings before Interest & Taxes (EBIT) | 1,918.0 | 2,097.7 | 938.0 | 1,002.2 | 968.1 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) | 2,292.6 | 2,449.5 | 1,262.1 | 1,322.0 | 1,241.6 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments | 2,296.0 | 2,452.7 | 1,264.1 | 1,325.0 | 1,244.4 |
| Depreciation & Amortization - Supplemental | 374.6 | 351.7 | 289.6 | 319.8 | 270.8 |
| Depreciation Expense - Total - Supplemental | 374.6 | 351.6 | 289.5 | 319.6 | 270.7 |
| Depreciation - Financial Lease Right-of-Use Assets - Supplemental | 54.1 | 41.6 | 17.3 | 8.5 | 4.4 |
| Amortization - Total - Supplemental | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 |
| Depreciation, Depletion & Amortization - Total | 374.6 | 351.7 | 324.0 | 319.8 | 273.5 |
| Depreciation - Total | 374.6 | 351.6 | 323.9 | 319.6 | 273.4 |
| Amortization of Intangible Assets excluding Goodwill - Total | 0.0 | 0.2 | 0.2 | 0.2 | 0.1 |
| Labor & Related Expenses - Total | — | — | — | — | — |
| Labor & Related Expenses - Supplemental | — | — | — | — | — |
| Auditor Fees | — | — | — | — | — |
| Audit-Related Fees | — | — | — | — | — |
| Fees - Other | — | — | — | — | — |
| Normalized after Tax Profit | 1,117.9 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Normalized Net Income from Continuing Operations | 1,117.9 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Normalized Net Income - Bottom Line | 1,117.9 | 1,253.1 | 641.0 | 491.1 | 538.9 |
| Earnings before Interest & Taxes (EBIT) - Normalized | 1,912.4 | 2,113.0 | 1,039.4 | 971.8 | 954.3 |
| Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized | 2,287.0 | 2,464.7 | 1,363.4 | 1,291.6 | 1,227.8 |
| Depreciation of Financial Lease Right-of-Use Assets | 54.1 | 41.6 | 17.3 | 8.5 | — |
| Interest Expense on Financial Lease Liabilities - Supplemental | 22.7 | 31.7 | 8.1 | 1.0 | 0.8 |
| Rental/Operating Lease Expense | 3.4 | 3.2 | 2.0 | 3.0 | 2.8 |
| Advertising Expenses - Supplemental | — | — | — | — | 0.8 |
| Interest Expense | 75.6 | 122.0 | 131.6 | 135.0 | 102.2 |
| Operating Expenses | 7,490.9 | 7,535.5 | 6,027.1 | 5,428.7 | 5,340.2 |
| Selling, General & Administrative Expenses excluding Research & Development Expenses | 553.4 | 490.2 | 384.0 | 311.0 | 276.4 |
| Income before Taxes & Provision for Loan Losses | 1,855.2 | 1,991.0 | 907.8 | 859.6 | 852.2 |
| Cost of Revenue including Operation & Maintenance (Utility) - Total | 6,937.5 | 7,045.3 | 5,643.0 | 5,117.7 | 5,063.8 |
| Cost of Revenues excluding Depreciation | 6,589.1 | 6,727.8 | 5,353.6 | 4,833.0 | 4,820.0 |
| DPS - Common - Gross - Issue - By Payable Date Rs | 0.90 | 1.40 | 0.50 | 0.25 | 0.73 |
| DPS - Common - Gross - Issue - By Ex Date Rs | 0.90 | 1.40 | 0.50 | 0.25 | 0.73 |
| Tax Adjusted Operating Income | 1,182.6 | 1,329.9 | 733.9 | 568.2 | 603.5 |
| Operating Expenses excluding Non-Cash Charges - Total | 7,116.3 | 7,183.7 | 5,703.0 | 5,109.0 | 5,066.7 |
| Income Available to Common Shares before Depreciation & Amortization | 1,510.9 | 1,604.9 | 965.0 | 810.9 | 812.4 |
| Fixed Charges | 75.6 | 122.0 | 131.6 | 135.0 | 102.2 |
| Estimated Tax Rate | 0.29× | 0.29× | 0.29× | 0.29× | 0.29× |
| Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs | 0.90 | 1.40 | 0.50 | 0.25 | 0.73 |
Every line the company reported, in the original order and wording, without regrouping or signs changed.