Karachi, 30 April, 2025 – Security Papers Limited (SPL) has announced its unaudited financial results
for the nine months ended March 31, 2025, reporting a gross profit of Rs 1,599 million, up from Rs 1,483
million in the same period last year, with an increase of 8%. This demonstrates the company’s ability to
maintain strong financial performance.
The company’s profit before taxation stood at Rs 1,790 million, reflecting a 2% increase from Rs 1,756
million in the previous year, showcasing SPL’s strong operational efficiency and strategic initiatives.
Additionally, profit after taxation was reported at Rs 1,101 million, reflecting a 2% increase from Rs
1,083 million during the same period last year.
Aftab Manzoor, Chairman of SPL, commented on the results: “We are pleased with the continued growth
and strong performance of the company. The increase in net sales, gross profit, and profit before and after
taxation reflects the success of our strategic initiatives and the dedication of our team. We remain focused
on delivering sustainable growth and creating value for our stakeholders.”
SPL recently signed a Memorandum of Understanding (MoU) with Giesecke+Devrient (G+D) for the
upgradation and modernization of its existing paper machine PM-2. This strategic move aligns with the
State Bank of Pakistan’s initiative to introduce a new banknote series with enhanced security features in
line with international standards, enabling SPL to produce banknote paper with advanced security features
tailored to key customer requirements.
Looking ahead, SPL remains committed to continuing its growth trajectory, enhancing operational
efficiency, and delivering value to its stakeholders.
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