Karachi: Supernet Technologies Limited (STL) has announced total revenue of Rs 9.2 billion for the fiscal year 2025, alongside establishing a significant pipeline for new business in cybersecurity and digital infrastructure across telecom, banking, and defense sectors. This development comes as the company transitions to the Main Board of the Pakistan Stock Exchange (PSX), marking a significant step in its growth strategy.
According to Pakistan Stock Exchange Limited, the recent merger of Supernet Limited into STL has resulted in a combined entity operating at a larger scale. The merger has enhanced STL's market visibility, liquidity, and appeal to both institutional and retail investors. The company's revenue for FY2025 is divided between its core segments, with Rs4.2 billion from service revenue related to connectivity and telecom projects, and over Rs5 billion from non-service revenue including cybersecurity and IT infrastructure.
STL's service revenue has grown at a compound annual growth rate (CAGR) of approximately 21% from 2021 to 2025, while non-service revenue has seen a higher CAGR of around 65%. A significant portion of non-service revenue, approximately 90%, is denominated in USD, and about 50% of service revenue is billed in USD.
The company has secured several long-term contracts in areas such as satellite services, defense communications, optical fiber deployment, and managed network services. Management highlighted the increasing shift towards multi-year, recurring revenue streams, with FY2026 service revenues projected to reach close to Rs6 billion, indicating a 40% year-on-year growth through long-term contracts with telecom operators, enterprise clients, and public-sector organizations.
Looking forward, Supernet is focused on a robust pipeline of projects in the non-service segment, particularly in cybersecurity and infrastructure opportunities within enterprise, banking, telecom, and defense sectors. Internationally, the company is expanding its regional presence via its Dubai platform, which includes a data and internet point of presence and senior international leadership. Supernet has also secured a multi-million-dollar, three-year contract with a US-based telecom operator and is pursuing market entry in Africa and other regions.
The company notes increased demand for its core segments, driven by enterprise needs for digital infrastructure, cybersecurity, network resilience, and business continuity solutions. The transition to the PSX Main Board represents a strategic inflection point, increasing free float to about 40%, which is anticipated to enhance trading liquidity and broaden investor participation.
"With a diversified contract base, strong recurring revenue visibility, and a growing international footprint, Supernet is entering a new phase of scalable and sustainable growth," stated the company.