Searle swings to Rs536m profit, declares Rs1/share dividend

Mettis Global reported that The Searle Company Limited (PSX: SEARL) returned to profit in the year ended June 30, 2026, with consolidated net profit of Rs535.74m against a restated loss of Rs1.37bn a year earlier. The turnaround came mainly from the disappearance of a Rs2.18bn loss from discontinued operations recorded in the prior year, alongside solid growth in the core business. On continuing operations, earnings per share were Rs0.75, compared with Rs1.34 in FY25.

Revenue from contracts with customers rose 29% to Rs36.81bn from Rs28.60bn, while gross profit climbed 36% to Rs19.14bn on better pricing and product mix. Distribution costs increased 29% to Rs11.21bn, and the company also booked a Rs993.00m goodwill impairment with no comparable charge in the prior year. Finance cost fell 48% to Rs1.09bn, while profit from operations rose 43% to Rs5.29bn despite the impairment. The income tax charge climbed to Rs3.64bn from Rs723.86m, which held net profit from continuing operations to Rs535.74m, down 34% from Rs807.37m.

Of the total, Rs440.37m related to the parent's shareholders, while non-controlling interests accounted for Rs95.37m. The board declared a payout of Rs1.00 per share, equal to 10%, covering the year to June 30, 2026.