Systems (SYS) Q4 2025 earnings summary

Executive summary

• FY25 USD revenue grew 18%, gross profit 37%, operating profit 44% and EBITDA 35%; margins improved across all three profit measures.

• USD revenue CAGR was 32% over 2021–2025; 272 active clients and operations across 16+ countries in 2025.

Financial highlights

• Revenue was $286.04M, up 18% YoY; PKR revenue was PKR 80,392M, up 19%.

• Gross profit was $79.73M, up 37%, with 28% margin vs 24% in FY24.

• Operating profit was $42.72M, up 44%, with 15% margin vs 12% in FY24.

• EBITDA was $49.11M, up 35%, with 17% margin vs 15% in FY24.

• Basic EPS rose to PKR 7.52 from PKR 5.11; dividends increased to PKR 2,938M from PKR 1,455M.

Outlook and guidance

• Priorities include AI and GenAI, talent upskilling, new offerings, strengthening current geographies and M&A; inorganic growth aims to expand export revenue.

• Confiz is expected to support U.S. enterprise access, cross-selling and upselling; integration benefits are expected to build over two to three quarters.

• North America and Europe are expected to contribute more in 2026; growth combines organic and inorganic expansion, with the $1B ambition described as a journey without a target year.

• Opportunities include AI, digitization and Pakistan enterprise business, including potential 5G investment and work related to the Telenor-PTCL merger.