Lahore: Diamond Industries Limited has announced its financial results for the year ended June 30, 2026, revealing a substantial turnaround in its financial performance compared to the previous year. The Board of Directors, in their meeting held on October 2, 2026, at the company's headquarters on Multan Road, Lahore, declared a final cash dividend of Rs. 1 per share, equivalent to 10%.
The company's financial statement highlights a notable increase in shareholders' equity, which rose to Rs. 423.11 million from Rs. 202.18 million in the previous year. The authorized share capital remained constant at Rs. 400 million, with the issued, subscribed, and paid-up capital also steady at Rs. 90 million. The surplus on revaluation of fixed assets slightly decreased from Rs. 98.29 million to Rs. 94.24 million, while capital reserves saw a significant increase to Rs. 369.28 million from Rs. 177.03 million. Revenue reserves, however, remained negative, though they improved from a deficit of Rs. 163.14 million to Rs. 130.41 million.
The comprehensive financial data revealed that non-current liabilities increased to Rs. 220.83 million from Rs. 196.31 million, primarily due to deferred liabilities. Current liabilities also rose significantly to Rs. 158.23 million from Rs. 81.89 million, largely driven by an increase in trade and other payables and provision for taxation.
According to information available from the Pakistan Stock Exchange (PSX), the company's total assets grew to Rs. 802.16 million from Rs. 480.38 million. Non-current assets saw a rise to Rs. 659.05 million from Rs. 438.93 million, with investments available for sale contributing significantly. Current assets increased considerably to Rs. 143.12 million from Rs. 41.45 million, with noticeable changes in stock in trade and trade debts.
The statement of profit or loss for the year showcases a dramatic improvement, with net sales soaring to Rs. 693.87 million from Rs. 18.10 million, marking a very large or significant move. The cost of sales also increased but resulted in a gross profit of Rs. 62.94 million compared to a gross loss in the previous year. Administrative, selling, and distribution expenses rose, yet the company achieved an operating profit of Rs. 43.70 million, compared to a significant loss previously.
After accounting for finance costs and share of profit from associated companies, the profit before income tax stood at Rs. 35.83 million, a stark contrast to a loss of Rs. 153.53 million in the prior year. Following income tax adjustments, the profit for the year was reported at Rs. 38.26 million, reversing the previous year's loss of Rs. 153.76 million. The earnings per share improved to Rs. 4.25 from a loss per share of Rs. 17.08, underscoring the company's robust financial recovery.