Karachi: Buxly Paints Limited has reported a total comprehensive loss of Rs 34.71 million for the fiscal year ended June 30, 2026, a significant increase from the Rs 4.06 million loss recorded in the previous year. The company's board of directors, in a meeting held on September 24, 2026, at its registered office on Manghopir Road, Karachi, approved several resolutions, notably declaring no cash dividend, bonus issue, right shares, or any other entitlements for shareholders.
The company's sales revenue decreased to Rs 519.11 million from Rs 587.14 million in 2025, indicating a very large or significant move. This decline in sales was accompanied by an increase in administrative expenses, which rose to Rs 64.31 million from Rs 46.07 million, further impacting profitability. Distribution and selling expenses also increased to Rs 64.73 million from Rs 60.96 million.
According to information available from the Pakistan Stock Exchange (PSX), Buxly Paints Limited's financial performance was further strained by a finance cost of Rs 1.08 million, though this was a decrease from the Rs 7.85 million recorded in the previous year. The company's gross profit declined to Rs 90.68 million from Rs 111.88 million, highlighting the challenges faced during the fiscal year.
The board announced that the Annual General Meeting (AGM) of the company is scheduled for October 28, 2026, at 10:30 am, which will be held at the registered office and virtually via video-link. The share transfer books will remain closed from October 22 to October 28, 2026, inclusive. Transfers received by M/s THK Associates (Pvt.) Limited, at the close of business on October 21, 2026, will be processed for entitlement purposes.
Despite the financial challenges, Buxly Paints reported an increase in cash generated from operations, which stood at Rs 40.51 million, up from Rs 31.11 million in 2025. However, after accounting for levies and income tax payments, the net cash generated from operating activities was Rs 22.36 million, a significant increase from Rs 2.68 million in the previous year. This improvement, however, was overshadowed by the overall financial loss.
The company's statement of cash flows indicated a net increase in cash and cash equivalents of Rs 15.92 million, compared to Rs 1.87 million in the prior year, reflecting improved cash management amid declining sales. Cash and cash equivalents at the end of the year were reported at Rs 20.80 million.
Buxly Paints Limited's financial results reflect the complex challenges faced over the fiscal year, characterized by declining sales and increased administrative costs. The upcoming AGM may provide a platform for shareholders to engage with the company's leadership on strategies to navigate these financial hurdles.