Security Press Limited’s 9M profit rises 2% to Rs1.1bn

KARACHI: Security Papers Limited (SPL) has reported a 2.0 per cent year-on-year increase in profit after tax, reaching Rs1,101 million for the nine months ended March 31, 2025, compared to Rs1,083 million in the same period last year.

Gross profit rose by 8.0 per cent to Rs1,599 million, while profit before tax increased slightly to Rs1,790 million from Rs1,756 million a year earlier, reflecting the company’s operational stability and strategic focus.

Chairperson Aftab Manzoor credited the performance to strong execution and the team’s dedication, saying that SPL remains committed to delivering long-term value to stakeholders.SPL has also signed an MoU with German firm Giesecke+Devrient (G+D) to upgrade its PM-2 paper machine. This move aligns with the State Bank of Pakistan’s (SBP) plans to introduce a new banknote series with enhanced security features.