Karachi: The Board of Directors of Waves Home Appliances Limited (WAVESAPP) convened on August 28, 2026, to review the financial results for the half year ending June 30, 2026. In the report dated August 31, 2026, the board announced that no cash dividend, bonus, rights, or any other entitlement would be issued for the period.

The company's unaudited condensed interim statement of financial position reveals a total equity and liabilities standing at 20.14 billion rupees as of June 30, 2026, compared to 19.56 billion rupees at the end of December 2025. Of this, the share capital and reserves remained stable at 8.05 billion rupees. Notably, long-term financings increased to 4.27 billion rupees from 3.93 billion rupees, and amounts due to the parent company were recorded at 2.54 billion rupees.

Waves Home Appliances Limited's sales performance for the six-month period ending June 30, 2026, was marked by a net sales revenue of 2.03 billion rupees, a slight increase from 2.00 billion rupees in the corresponding period of the previous year. Gross profit stood at 512.70 million rupees, down from 544.27 million rupees, indicating a moderate move.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit before income tax amounted to 104.17 million rupees, while profit for the period reached 161.02 million rupees, compared to 156.03 million rupees in the previous year. Earnings per share were calculated at 0.60 rupees, showing a minor move from 0.58 rupees.

The designated market category for Waves Home Appliances Limited remains unchanged, as per the financial report. The company continues to maintain its focus on operational efficiency and fiscal prudence in a challenging market environment.