Karachi: The Board of Directors of Nimir Industrial Chemicals Limited presented the company's 33rd Annual Report, detailing a robust financial performance for the fiscal year ended June 30, 2026. The report, prepared under the Companies Act, 2017, and relevant corporate governance regulations, is set for presentation to shareholders at the upcoming Annual General Meeting.
The economic landscape over the past year has been tumultuous, with global political and security issues impacting economies worldwide. Pakistan, in particular, faced disruptions in its supply chain due to disturbances in cargo routes from the West and the Middle East, leading to increased product prices and freight costs. Despite these challenges, Pakistan's macroeconomic conditions remained stable, buoyed by a cautious monetary policy and low inflation rates, fostering a positive business environment. Large-scale manufacturing grew by 6.5%, while real GDP expanded by 3.7% under the IMF program. Fiscal discipline improved significantly, narrowing the deficit to 2.6% of GDP, the lowest in 22 years. The current account saw a surplus of USD 0.13 billion, supported by record remittances, which helped stabilize exchange rates.
Nimir Industrial Chemicals Limited experienced substantial growth, mirroring the country's economic recovery. According to information available from the Pakistan Stock Exchange (PSX), the company's financial results for the year ended June 30, 2026, showcased notable improvements across key metrics. Gross sales increased by 7.06% to PKR 56,918 million, while gross profit rose by 13.5% to PKR 7,593 million. Operating profit saw a significant increase of 16.26%, reaching PKR 6,277 million. Profit before taxation surged by a very large move of 63.74% to PKR 4.48 billion, and profit after taxation increased by 18.35% to PKR 2.393 billion. Earnings per Share grew from PKR 18.29 to PKR 21.64, marking an 18.32% increase.
The company's financial success is attributed to strong operational performance, effective cost management, and disciplined financial strategies. These results underscore the company's ability to leverage economic recovery, providing a robust foundation for continued growth and value creation for shareholders and stakeholders alike.