Karachi: Buxly Paints Limited has released its annual report for the fiscal year ending June 30, 2026, revealing a substantial financial downturn compared to the previous year. The report, dated October 1, 2026, highlights a significant loss in profit and a decrease in turnover, amid a backdrop of stable fixed assets.
The company's net assets reveal a stable position in fixed assets, documented at 171,030 thousand rupees, slightly down from 171,260 thousand rupees in 2025. Despite this stability, the total net assets decreased to 143,776 thousand rupees from 183,326 thousand rupees the year prior, reflecting a downturn in overall financial health.
Turnover for Buxly Paints Limited showed a marked decline, falling to 519,106 thousand rupees in 2026 from 587,141 thousand rupees in 2025. This decrease in turnover represents a very large or significant move, with a drop of 11.58%. Gross profit also saw a decline, registering at 90,675 thousand rupees, down from 111,884 thousand rupees in the previous year.
The financial downturn is sharply illustrated in the company's profit figures. Buxly Paints Limited reported a loss before tax of 28,221 thousand rupees, a stark contrast to the profit of 3,280 thousand rupees recorded in 2025. Following taxation and levies, the company reported a loss after tax of 34,710 thousand rupees, compared to a profit of 1,986 thousand rupees the prior year. This shift marks a very large or significant move in the company's financial performance.
Earnings per share have also been negatively impacted, falling to a loss of 24.10 rupees, compared to a positive 1.38 rupees in 2025. No dividends were declared for the year, consistent with previous years.
According to information available from the Pakistan Stock Exchange (PSX), Buxly Paints Limited is categorized under the designated market category of the paint industry. The company's financial challenges are set against a backdrop of economic pressures and market volatility, impacting its turnover and profit margins.
The company's long-term investments have also seen a decline, falling to 3,251 thousand rupees from 3,390 thousand rupees in 2025. Additionally, net current assets have worsened, showing a negative balance of 55,715 thousand rupees, down from a negative balance of 13,458 thousand rupees the previous year.
Buxly Paints Limited's financial report for 2026 underscores the challenges faced in maintaining profitability amidst fluctuating market conditions, despite a stable base in fixed assets. The company will likely need to strategize on turnaround measures to navigate the current economic landscape and improve its financial outlook for the coming year.