Supernet Technologies profit surges to Rs467m in FY2026

Supernet Technologies (STL) reported a consolidated profit after tax of Rs467m for the year to June 30, 2026, according to Mettis Global. That compares with Rs78m in the restated FY2025 figures, while earnings per share climbed to Rs4.03 from Rs1.39. Consolidated revenue also rose, reaching Rs8.08 billion against Rs4.89bn a year earlier.

Mettis Global noted that prior-year figures have been restated to include the merger from January 1, 2025, so the comparison is not like-for-like. On a standalone basis, revenue increased to Rs5.73bn from Rs3.60bn and profit after tax reached Rs288m, against a loss of Rs83m in the prior year. The board has also proposed a cash dividend of Rs0.25 per share, the first since the merger.

After the year end, the company completed a Rs914.77m rights issue priced at Rs10 per share, raising the full targeted amount. Management described the operating climate as tough, citing economic conditions, competitive pressures and uncertainties in telecommunications and technology.