Karachi: Exide Pakistan Limited reported its financial results for the year ended March 31, 2026, revealing a notable decline in sales and profits. The company's Board of Directors convened on June 27, 2026, to discuss the financial outcomes and recommend a final cash dividend of Rs. 5 per share, equating to a 50% payout. The Annual General Meeting is scheduled for July 29, 2026, in Karachi.

Exide's net sales for the fiscal year amounted to approximately 19.64 billion rupees, a very large or significant move downward from the previous year's 23.90 billion rupees. The gross profit also experienced a drop, settling at 2.73 billion rupees compared to 3.87 billion rupees in 2025. Operating profit decreased to 1.14 billion rupees from 1.77 billion rupees, while profit after taxation fell to 431.68 million rupees from 614.43 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), Exide's financial position reflected a decrease in total assets, which stood at 14.12 billion rupees, down from 15.25 billion rupees the previous year. The company also reported a decline in current assets, which were 11.60 billion rupees, compared to 13.01 billion rupees in 2025.

Exide's financial liabilities saw a reduction, with total liabilities decreasing to 6.64 billion rupees from 8.42 billion rupees. Shareholders' equity improved slightly to 7.48 billion rupees, up from 6.82 billion rupees the previous year, driven by an increase in unappropriated profit and revaluation surplus.

Despite the challenges, Exide maintained its commitment to shareholders with a cash dividend, while bonus shares and right shares remained nil. The company also reported no significant price-sensitive information or other corporate actions during the period.

The financial outlook for Exide Pakistan remains cautious as the company navigates the economic landscape, focusing on optimizing its operations and managing financial pressures effectively.