GEMSPNL PSX Main Board Listing by 2026
Staff Report
Islamabad: GEMSPNL is expected to be listed on the main board of the Pakistan Stock Exchange (PSX) through merger with a mainboard listed entity. This transaction is expected to be completed by 2026, according to management.
Supernet Limited (GEMSPNL) informed this during Key Takeaways.
During the session, Supernet Limited (GEMSPNL), the key speaker for the session was Mr. Jamal Nasir Khan, CEO of GEMSPNL.
Supernet Limited (GEMSPNL) consolidated revenue increased by 117% to Rs8.5bn in FY24, mainly driven by infrastructure projects according to the management.
This is in-line with company’s direction of moving beyond core connectivity business. Gross margins of the company reduced to 16% in FY24 compared to 29% in 2023.
This is also lower than previous three-year average of 30%. Reason for lower margins is again the new IT Infrastructure projects which is a lower margin business.
GEMSPNL has won multiple new contracts worth Rs9.96bn, which would be realized over a period of 3 to 5 years. Among them Rs4.7bn projects are from Connectivity segment, and Rs3.5bn and Rs1.75bn worth of projects are from Cybersecurity and Infrastructure projects respectively.
Company is focusing on international partners to expand beyond Pakistan. GEMSPNL has already partnered with Azercosmos, an Azerbaijan based telecom company to cater towards its connectivity needs.
Company is also exploring international partners for its Cybersecurity business as this segment provides a human resource driven cost advantage for a Pakistani company compared to other countries.
IT infrastructure solutions which include servers and data centres is essential for AI growth being pushed globally.
Management intends to be a part of that drive by expanding its connectivity as well as beyond connectivity business internationally.
GEMSPNL is aiming to be a one-stop shop for digital solutions in Pakistan. Management expects IT exports of Pakistan to grow at a CAGR of 22% till 2030. This will take the IT exports from US$3.8bn in FY25 to US$11bn by 2030.
Company aims to be a key enabler of digital adoption by Corporate Pakistan and become their trusted digital partner.
Demand is also expected to be driven from consumers which are increasingly shifting to digital transactions for their commerce and banking needs.
Company subsidiaries include SuperSecure, Supernet Infrastructure (SuperInfra), Supernet E-Solutions and Phoenix Global. § SuperSecure is a new venture of Supernet and was established in 2019 to cater the growing need of cyber security solutions and mainly Cyber security services required by enterprise customers locally and globally.
SuperInfra has been launched to provide state of the art IT and related Infrastructure solutions.
The solutions cover Microsoft products and services, LAN, WIFI, Routing & Switching, Surveillance, Data Centers, Solar and Power solutions. Supernet E-Solutions offers pre packaged software and integrated ICT solutions, and Phoenix Global is a UAE based company that offers a wide range of IT & Communication solutions to the international Clients
