Karachi: Service Long March Tyres Ltd. (SLM) held an analyst briefing today to review its financial results for fiscal year 2026, revealing a 35% increase in unconsolidated earnings. The company reported earnings of PkR13.5 billion, translating to an EPS of PkR1.8, up from PkR10.0 billion and an EPS of PkR1.4 in the same period last year.

According to AKD Securities Limited, the company's revenue rose by 44% year-over-year, reaching PkR71.7 billion in FY26, compared to PkR49.8 billion in the previous fiscal year. This growth was attributed to volumetric increases, an expanded market share, and a 374 basis points improvement in gross margins. SLM's domestic market share for truck and bus radial tyres increased to 62% from 42% in the prior year.

Export sales also showed significant growth, contributing over PkR18.5 billion in FY26, a 22% increase from PkR15.2 billion previously. These exports accounted for 26% of total revenue and 36% of total sales volumes, with Brazil and the U.S. being key markets. The company has plans to expand its market reach into Europe.