AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: SPEL Ltd. (SPEL) presented its fiscal year 2025 results in an analyst briefing, reporting a significant increase in revenue and earnings compared to the same period last year. The company revealed a 38% year-on-year rise in revenue, reaching PkR9.63 billion, attributed to market expansion and an enhanced customer base.
SPEL’s earnings for FY25 were PkR1.25 billion, nearly doubling from PkR641 million the previous year. This improvement was driven by reduced power costs due to solarization, increased production, and reduced sea freight expenses. The gross margins also improved, rising to 26.9% from 18.9% in the previous fiscal year.
Local sales saw a 25% year-on-year increase, totaling PkR8.4 billion, as domestic demand surged. Additionally, the company’s exports grew significantly, reaching PkR1.3 billion, a fivefold increase, as SPEL expanded its presence in Europe and the USA to access high-value markets.