Security Investment Bank Income Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Other Revenue	110.97	138.47	125.51	48.57	74.94
Revenue	110.97	138.47	125.51	48.57	74.94
Revenue Growth (YoY)	-19.86%	10.33%	158.41%	-35.19%	84.40%
Cost of Revenue	1.41	0.9	0.74	0.66	0.47
Gross Profit	109.56	137.58	124.77	47.91	74.48
Selling, General & Admin	52.53	40.93	35.1	30.4	31.53
Amortization of Goodwill & Intangibles	-	0.03	0.06	0.14	0.31
Other Operating Expenses	-1.95	-0.78	-0.69	-0.8	-0.74
Operating Expenses	78.94	54.38	36.26	31.47	32.9
Operating Income	30.63	83.19	88.51	16.44	41.57
Other Non Operating Income (Expenses)	-0.1	-0.12	-0.4	-0.16	-0.19
EBT Excluding Unusual Items	30.52	83.08	88.11	16.28	41.39
Gain (Loss) on Sale of Investments	4.33	5.2	33.69	-68.22	-12.28
Gain (Loss) on Sale of Assets	0.36	-	0.06	0	0.08
Pretax Income	35.21	88.27	121.86	-51.93	29.19
Income Tax Expense	15.2	10.85	42.09	-18.87	4.11
Earnings From Continuing Operations	20.01	77.43	79.77	-33.07	25.09
Net Income	20.01	77.43	79.77	-33.07	25.09
Net Income to Common	20.01	77.43	79.77	-33.07	25.09
Net Income Growth	-74.16%	-2.94%	-	-	-67.55%
Shares Outstanding (Basic)	59	59	59	59	59
Shares Outstanding (Diluted)	59	59	59	59	59
EPS (Basic)	0.34	1.31	1.35	-0.56	0.42
EPS (Diluted)	0.34	1.31	1.35	-0.56	0.42
EPS Growth	-74.16%	-2.94%	-	-	-67.55%
Free Cash Flow	69.78	9.11	58.12	-58.14	-16.01
Free Cash Flow Per Share	1.18	0.15	0.98	-0.98	-0.27
Dividend Per Share	-	1.500	0.435	-	-
Dividend Growth	-	244.99%	-	-	-
Gross Margin	98.73%	99.35%	99.41%	98.63%	99.38%
Operating Margin	27.60%	60.08%	70.52%	33.85%	55.47%
Profit Margin	18.03%	55.92%	63.56%	-68.08%	33.48%
Free Cash Flow Margin	62.88%	6.58%	46.31%	-119.69%	-21.37%
EBITDA	58.98	97.43	90.36	18.31	43.69
EBITDA Margin	53.15%	70.36%	71.99%	37.69%	58.30%
D&A For EBITDA	28.36	14.23	1.85	1.87	2.12
EBIT	30.63	83.19	88.51	16.44	41.57
EBIT Margin	27.60%	60.08%	70.52%	33.85%	55.47%
Effective Tax Rate	43.18%	12.29%	34.54%	-	14.06%
Revenue as Reported	113.28	139.26	126.26	49.37	75.77
Advertising Expenses	1.04	0.65	0.16	0.36	0.15

Source: S&P Global Market Intelligence. Standard template. Financial Sources.