SGF 9MCY26 profit surges 82%

Service Global Footwear Limited (SGF) recorded consolidated profit after tax of Rs3.04 billion for the nine months to September 30, 2026, up 82% from Rs1.67 billion a year earlier, Mettis Global reported. Basic earnings per share increased to Rs14.70 from Rs8.09. For Q3CY26, profit rose 8% to Rs569.82 million, with basic EPS at Rs2.75.

The higher nine-month earnings came despite revenue falling 22% to Rs11.83 billion and gross profit decreasing to Rs2.51 billion. A 73% rise in the share of profit from equity-accounted investees, to Rs2.87 billion, was the main earnings support; finance costs fell 28% to Rs295.52 million and taxation declined 79% to Rs80.78 million. The figures show that associate contributions and lower costs and taxes outweighed weaker core revenue.