Systems Limited (PSX:SYS)

Systems Financials Overview

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

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	86,290	80,392	67,473	53,435	31,760	15,304
Revenue Growth	22.64%	19.15%	26.27%	68.25%	107.53%	54.95%
Gross Profit Gross Profit Growth	23,897	22,409	16,158	13,846	8,636	4,990
Operating Income Operating Income Growth	12,734	12,086	8,319	7,979	5,363	3,169
Net Income Net Income Growth	11,565	11,041	7,460	8,689	6,629	4,462
Earnings Per Share EPS Growth	7.71	7.44	5.07	5.93	4.69	3.22
EPS Growth	35.55%	46.75%	-14.53%	26.48%	45.65%	101.75%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Banking Financial Services & Insurance (BFSI) Banking Financial Services & Insurance (BFSI) Growth	25,138	23,905	20,507	15,266	10,581
Telco (Telecommunications) Telco (Telecommunications) Growth	22,104	20,308	15,489	11,809	5,156
Technology Technology Growth	10,750	9,520	8,057	7,393	4,498
Retail & CPG (Consumer Packaged Goods) Retail & CPG (Consumer Packaged Goods) Growth	9,097	7,762	7,676	5,716	4,519
Others Others Growth	19,201	18,897	15,744	13,252	7,007
Total Total Growth	86,290	80,392	67,473	53,435	31,760

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	16,867	18,946	10,762	9,578	10,245	7,846
Total Debt Total Debt Growth	6,179	7,246	3,194	2,860	3,715	3,128
Net Cash (Debt) Net Cash Growth	10,688	11,701	7,568	6,717	6,531	4,718
Net Cash Growth	84.90%	54.60%	12.67%	2.86%	38.43%	25.64%
Net Cash Per Share Net Cash Per Share Growth	7.12	7.89	5.15	4.59	4.62	3.40

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	9,182	10,877	4,117	5,287	5,704	1,848
Capital Expenditures CapEx Growth	-1,013	-914.8	-888.8	-1,543	-1,440	-874.86
Free Cash Flow Free Cash Flow Growth	8,168	9,962	3,229	3,744	4,264	973.12
Free Cash Flow Growth	262.77%	208.56%	-13.76%	-12.19%	338.16%	-51.85%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Gross Margin	27.69%	27.88%	23.95%	25.91%	27.19%	32.60%
Operating Margin	14.76%	15.03%	12.33%	14.93%	16.89%	20.71%
Pretax Margin	14.13%	14.46%	11.58%	16.44%	21.98%	28.97%
Profit Margin	13.40%	13.73%	11.06%	16.26%	20.87%	29.16%
FCF Margin	9.47%	12.39%	4.78%	7.01%	13.43%	6.36%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	2.000	2.000	1.200	1.200	1.000	0.500
Dividend Per Share Growth	66.67%	66.67%	0%	20.00%	100.00%	57.13%
Dividend Yield	1.47%	1.19%	0.99%	1.48%	1.09%	0.70%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 28, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	17.62	22.80	24.36	14.20	20.33	23.51
Forward PE	12.79	17.51	16.73	10.74	38.93	24.42
P/FCF Ratio	24.51	25.26	56.28	32.95	31.60	107.82
PS Ratio	2.32	3.13	2.69	2.31	4.24	6.86

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 27, 2026

Data Sources Report a data error