Karachi: iTANZ Technologies Limited, a company listed in the technology sector, has reported significant financial growth in its annual report for the fiscal year ending June 30, 2026.
The company's equity and liabilities saw a substantial increase, with total equity rising to 2.65 billion rupees from 626.64 million rupees in the previous year. This was largely driven by a rise in retained earnings, which jumped to 2.39 billion rupees from 665.86 million rupees.
Furthermore, iTANZ Technologies has expanded its non-current liabilities to 1.77 billion rupees from just 4.41 million rupees, influenced by long-term payables amounting to 1.72 billion rupees. Current liabilities also increased to 338.98 million rupees from 302.11 million rupees, with trade and other payables reaching 277.83 million rupees.
Assets of the company reflected a notable growth as well, with total assets climbing to 4.76 billion rupees from 933.16 million rupees. This increase was primarily attributed to long-term investment surging to 4.43 billion rupees, a significant rise from zero in the previous year.
Revenue from contracts with customers showed a big move, climbing to 758.20 million rupees from 441.52 million rupees. This growth resulted in a gross profit of 489.96 million rupees, compared to 298.69 million rupees in the previous year. According to information available from the Pakistan Stock Exchange (PSX), these figures underscore iTANZ Technologies' enhanced financial performance over the past year.
The company's profit before income taxes saw a very large or significant move, increasing to 1.80 billion rupees from 268.21 million rupees. After accounting for income taxes, the profit stood at 1.75 billion rupees, up from 344.84 million rupees the previous year.
Basic earnings per share were recorded at 15.88 rupees, a minor move from the restated figure of 16.71 rupees of the previous year. Diluted earnings per share were also reported at 15.88 rupees, reflecting a significant move from 2.91 rupees.
iTANZ Technologies' financial statement illustrates a year of considerable expansion and profitability, marking a strong position within the technology market.