Wednesday, April 08 2026

STL eyes growth with multi-billion pipeline
Supernet Technologies Limited (STL) is entering a new growth phase, reporting Rs9.2 billion in revenue for FY2025 and building a multi-billion project pipeline as it expands its footprint in cybersecurity, telecom, and digital infrastructure across the banking, defence, and telecom sectors. The company’s growth momentum comes alongside its transition to the Main Board of the Pakistan Stock Exchange (PSX). In a briefing for investors, STL highlighted that following the merger of Supernet Limited into the listed entity, the combined company now operates at a larger scale, with improved market visibility, stronger liquidity, and enhanced ability to attract both institutional and retail investors. The company’s FY2025 revenues were split across its core verticals, with services revenue from connectivity and telecom projects reaching over Rs4.2 billion, and non-service revenue—covering cybersecurity, IT infrastructure, and enterprise solutions—exceeding Rs5 billion. Between 2021 and 2025, STL’s service revenue grew at a compound annual growth rate (CAGR) of around 21percent, while non-service revenue expanded at a CAGR of approximately 65percent. Notably, about 90percent of non-service revenue is USD-denominated, while roughly half of service revenue is billed in USD.
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