Lahore: Descon Oxychem Limited has released its financial results for the year ended June 30, 2026, exhibiting a significant decline in net profit. According to the report dated September 4, 2026, the company's Board of Directors, in a meeting held on September 3, 2026, recommended a final cash dividend of Rs.2 per share, equivalent to 20%.
The financial statement reveals that the company's net profit plummeted to Rs. 303.34 million from the previous year's Rs. 790.16 million. This represents a very large or significant move of -61.62%. Earnings per share likewise decreased from Rs. 4.51 to Rs. 1.73. The company's revenue also saw a downturn, with sales falling to Rs. 4.99 billion from Rs. 5.92 billion, marking a big move of -15.64%.
According to information available from the Pakistan Stock Exchange (PSX), Descon Oxychem Limited's gross profit margin fell to Rs. 864.41 million from Rs. 1.70 billion, reflecting a decrease in profitability. Operating profit also experienced a steep decline to Rs. 370.73 million from Rs. 1.26 billion. The financial results highlight increased finance costs, which rose to Rs. 64.88 million from Rs. 9.91 million.
The company's equity and liabilities stood at Rs. 4.57 billion as of June 30, 2026, slightly down from Rs. 4.57 billion the previous year. Non-current liabilities reduced to Rs. 147.49 million from Rs. 203.97 million, while current liabilities increased to Rs. 1.55 billion from Rs. 1.10 billion. The total assets were reported at Rs. 4.57 billion, showing a minor move compared to the previous fiscal year.
In the asset breakdown, non-current assets increased to Rs. 2.29 billion, with property, plant, and equipment valued at Rs. 1.84 billion. Current assets declined to Rs. 2.28 billion, with notable reductions in stock in trade and trade debts.
The company did not declare any bonus or right shares for the fiscal year 2026. The financial results indicate a challenging year for Descon Oxychem Limited, with a focus on managing costs and liabilities in a volatile market environment.