Systems Limited, Pakistan’s largest listed technology company, posted a profit after tax of Rs. 3.03 billion in the first quarter of calendar year 2026, up 21 percent from Rs. 2.5 billion in the same period last year.

The company’s earnings per share rose to Rs. 2.05, compared with Rs. 1.71 a year earlier, reflecting stronger profitability during the quarter.

According to a result review by Arif Habib Limited, the increase in profit was mainly driven by improved export performance and the consolidation of Confiz, its recent acquisition, from January 2026 onward.

Net revenue climbed 33 percent year-on-year to Rs. 23.98 billion, compared with Rs. 18.08 billion in the corresponding quarter last year. The growth was led by the retail segment, which expanded 70 percent, followed by technology services at 58.4 percent, telecom at 41.5 percent, and BFSI at 22.5 percent.

On a regional basis, the Middle East remained the biggest contributor to growth with a 37.5 percent increase. Europe grew 35.8 percent, North America 33.5 percent, Asia 55.6 percent, and Pakistan 7.5 percent.

Gross profit also rose 33 percent to Rs. 6.04 billion during the quarter. However, the gross margin remained almost flat at 25.18 percent, compared with 25.17 percent in the same period last year.

The company posted other income of Rs. 340 million, largely unchanged from the previous year. It also recorded exchange losses of Rs. 26.2 million due to unfavorable currency movements, compared with an exchange gain of Rs. 196 million in the same quarter last year.

Finance costs increased 44 percent year-on-year to Rs. 129 million, mainly because of higher short-term borrowings. Despite this, profit before tax rose 23 percent to Rs. 3.33 billion.

Systems Limited also reported a lower effective tax rate of 9.1 percent in the quarter, down from 14.5 percent in the corresponding period last year, which further supported bottom-line growth.

Founded in 1977, Systems Limited is Pakistan’s largest technology exporter and one of the country’s leading digital transformation and software services firms, with operations across North America, Europe, the Middle East, Africa, and Asia.