Ghani Global Glass Limited Reports Subdued Financial Performance Amid Decline in Profit

Lahore: Ghani Global Glass Limited, a prominent entity in the industrial goods sector, disclosed its financial results for the fiscal year ended June 30, 2026, revealing a decline in profitability. The board of directors convened on September 29, 2026, at the company's registered office, where they decided against declaring any cash dividends, bonus shares, or rights shares for the year. The company also reported the absence of any price-sensitive information or additional corporate actions.

According to the financial statement, the company's total assets increased to 7.26 billion rupees from 6.21 billion rupees the previous year. This growth was primarily driven by a rise in property, plant, and equipment, which stood at 3.93 billion rupees, compared to 3.07 billion rupees in 2025. Current assets also saw an uptick, reaching 3.28 billion rupees from the previous 3.09 billion rupees.

The company's revenue figures showed a decrease, with gross revenue at 3.38 billion rupees, a dip from 3.40 billion rupees the previous year. Net sales also slightly decreased to 2.90 billion rupees from 2.93 billion rupees. The cost of revenue saw a decrease, resulting in a gross profit of 733.63 million rupees, marking a minor move from 755.46 million rupees in 2025.

Operating profit fell to 559.63 million rupees from 642.88 million rupees, while finance costs remained largely stable at 349.22 million rupees compared to 346.37 million rupees in the previous year. The company's net profit for the year was reported at 135.04 million rupees, a significant move from 300.63 million rupees in 2025.

According to information available from the Pakistan Stock Exchange (PSX), the company's earnings per share declined to 0.57 rupees from 1.25 rupees the previous year, indicating a notable decrease in shareholder returns.

Notably, the company's total comprehensive income improved significantly to 993.73 million rupees from 300.63 million rupees, primarily due to a revaluation surplus on freehold land amounting to 858.69 million rupees.

The Annual General Meeting is scheduled for October 27, 2026, at the company's registered office. The share transfer books will remain closed from October 21 to October 27, 2026, with transfers received by the close of business on October 20 being eligible for AGM attendance. The annual report will be disseminated through PUCARS at least 21 days before the AGM.