# Systems Limited nine-month profit up 14% to Rs 9.09 billion as sales jump 33% to Rs 76.5 billion

Source: Searchable (https://searchable.pk/news/markets/systems-limited-nine-month-profit-up-14percent-to-rs-909-billion-as-sales-jump)
Type: News article
Author: Searchable Editorial
Published: 26 Oct 2026
Updated: 26 Oct 2026
Retrieved: 26 Oct 2026

> Pakistan's biggest listed IT company grew fastest in North America and the Middle East, but margins slipped and there is no dividend this quarter.

**Systems Limited (PSX: SYS)** made a consolidated profit after tax of **Rs 9.085 billion** in the nine months to September 2026, up **14%** from Rs 7.973 billion a year earlier, according to results reported on Monday by [ProPakistani](https://propakistani.pk/2026/10/26/systems-limiteds-9-month-profit-rises-14-to-rs-9-1-billion/). Earnings per share rose to **Rs 5.93** from Rs 5.21. The company announced **no dividend**.

## The numbers

| | Jan to Sep 2026 | Jan to Sep 2025 | Change |
| --- | --- | --- | --- |
| Net sales | Rs 76.492 billion | | +33% |
| Profit after tax | Rs 9.085 billion | Rs 7.973 billion | +14% |
| EPS | Rs 5.93 | Rs 5.21 | +14% |
| Selling and distribution costs | Rs 2.716 billion | | +31% |
| Administrative costs | Rs 6.340 billion | | +42% |
| Finance costs | Rs 499 million | | +103% |

For the **third quarter** alone (July to September), profit was **Rs 3.035 billion**, up 9%, or **Rs 1.98 a share**.

## Where the growth came from

Topline Securities, quoted by ProPakistani, said third-quarter sales grew **26% in the Middle East** and **41% in North America**. The Gulf business kept expanding despite the regional conflict, and North America was lifted partly by the acquisition of **Confiz**.

The weak spot is margins. The gross margin fell to about **25%** in the third quarter from roughly **30%** a year earlier, as costs rose in most regions. The exception was Pakistan, where the domestic margin improved to **21%** from 16%.

## What it means

Profit grew less than half as fast as sales: Systems is getting bigger mainly by buying and hiring, and costs (administrative expenses up 42%, finance costs doubled) are eating into each rupee of revenue. For shareholders, the absence of a dividend means the return this year rests on the share price.

Systems earns most of its revenue in dollars and dirhams, so a stable rupee (about Rs 276.8 to the dollar on our [dollar rate page](/data/usd-pkr)) keeps its rupee earnings steady. The wider market is on our [KSE-100 page](/data/kse-100). If you hold shares, our [capital gains tax calculator](/tools/tax/capital-gains-tax-calculator) works out the tax on a sale.

## Frequently asked questions

**Did Systems Limited announce a dividend for Q3 2026?**

No. Systems Limited announced no dividend with its results for the nine months to September 2026.

**What is Systems Limited's EPS for nine months 2026?**

Earnings per share were Rs 5.93 for January to September 2026, up from Rs 5.21, and Rs 1.98 for the third quarter alone.

## Sources

- Systems Limited's 9-Month Profit Rises 14% to Rs. 9.1 Billion (26 Oct 2026) (ProPakistani): https://propakistani.pk/2026/10/26/systems-limiteds-9-month-profit-rises-14-to-rs-9-1-billion/

How to cite: "Systems Limited nine-month profit up 14% to Rs 9.09 billion as sales jump 33% to Rs 76.5 billion", Searchable, 26 Oct 2026, https://searchable.pk/news/markets/systems-limited-nine-month-profit-up-14percent-to-rs-909-billion-as-sales-jump