Karachi: Sitara Chemical Industries Limited has disclosed its financial results for the fiscal year ending June 30, 2026, revealing a notable increase in profits and the declaration of a significant cash dividend. The company’s Board of Directors, in a meeting on September 28, 2026, in Faisalabad, recommended a final cash dividend of Rs.13 per share, representing 130% for the year.

The company reported a revenue from contracts with customers of Rs. 32.55 billion for the fiscal year, slightly up from the previous year's Rs. 32.53 billion. The gross profit for the year stood at Rs. 6.16 billion, an increase from Rs. 5.62 billion in the previous fiscal year, indicating a big move in profitability. The net profit for the year was Rs. 1.45 billion, compared to Rs. 939.27 million in the prior year, representing a significant move in performance.

According to information available from the Pakistan Stock Exchange (PSX), the earnings per share for Sitara Chemical Industries Limited rose to Rs. 67.68 from Rs. 43.83, underscoring the company’s improved financial health.

Despite the higher profitability, the company decided against issuing bonus or right shares, maintaining the status quo from the previous period. The financial statements released include the Statement of Profit or Loss, Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows.

The company’s Annual General Meeting is scheduled for October 27, 2026, in Karachi, with the share transfer books closed from October 21 to October 27, 2026. Shareholders on record as of October 20, 2026, will be eligible for the proposed dividend.

Sitara Chemical Industries Limited’s cash flow from financing activities showed a net generation of Rs. 770.72 million, a decrease from the previous year's Rs. 4.18 billion. The company's cash and cash equivalents at the end of the year were Rs. 221.75 million, down from Rs. 334.87 million at the year’s start.

The company plans to transmit its annual report via PUCARS at least 21 days before the Annual General Meeting, ensuring shareholders are informed of the company’s financial position and strategic decisions.