Lahore: Fast Cables Limited has announced its financial results for the fiscal year ending June 30, 2026, reflecting a robust performance. The Board of Directors, during a meeting held on August 18, 2026, approved the annual financial statements and declared a final cash dividend of 15%, equivalent to Rs. 1.5 per share. This decision underscores the company's commitment to enhancing shareholder value.
According to the financial data released, Fast Cables Limited reported a substantial increase in revenue, reaching PKR 38.72 billion, up from PKR 31.86 billion in the previous year. The company's gross profit saw a notable rise, totaling PKR 7.23 billion compared to PKR 5.38 billion last year. Operating profit also increased significantly to PKR 5.07 billion from PKR 3.48 billion, marking a positive trajectory in its financial health.
The company's net profit for the year stood at PKR 2.11 billion, a significant improvement from PKR 1.27 billion in 2025. Earnings per share also rose to PKR 3.28 from PKR 1.97, reflecting the company's enhanced profitability.
The statement of financial position revealed total assets amounting to PKR 39.87 billion, up from PKR 35.01 billion in the previous year. This increase is attributed to a rise in both non-current and current assets, with trade debts showing a significant increase to PKR 12.60 billion from PKR 7.83 billion.
The equity and liabilities section shows a significant increase in reserves and short-term borrowings, with total equity rising to PKR 16.36 billion from PKR 14.52 billion. Short-term borrowings increased to PKR 13.41 billion from PKR 11.47 billion, indicating the company’s strategic financial management.
The company has not announced any bonus shares, right shares, or other entitlements, focusing instead on cash dividends to reward its shareholders. According to information available from the Pakistan Stock Exchange (PSX), Fast Cables Limited remains a key player in its designated market category, with its financial results reflecting a solid performance.
In conclusion, Fast Cables Limited's financial statements for the year ending June 30, 2026, demonstrate a significant move in profitability and asset growth, aligning with its strategic objectives and enhancing shareholder returns.