Lahore: The Board of Directors of Fast Cables Limited ("FCL") has released the company's Annual Report, highlighting robust financial performance amidst a challenging economic landscape. The report, dated October 2, 2026, showcases a comprehensive overview of the fiscal year ending June 30, 2026, as per the guidelines of the Companies Act, 2017, and Listed Companies (Code of Corporate Governance) Regulations, 2019.
The fiscal year 2025-26 demonstrated a resilient recovery for Pakistan's economy, with GDP growth reaching 3.70% and Large-Scale Manufacturing (LSM) increasing by 5.68% during the period of July to April. However, a regional geopolitical conflict in the latter half disrupted international trade routes, elevating commodity prices. Despite these challenges, Pakistan's economic stability was preserved through maintained fiscal discipline and a stable external position, fostering a conducive environment for industrial activities.
FCL's financial performance for the year was marked by a significant boost in revenue and profitability. According to information available from the Pakistan Stock Exchange (PSX), the company generated sales of Rupees 38.72 billion, a notable 21.5% increase from the previous year's Rupees 31.86 billion. Gross profit saw a rise to Rupees 7.23 billion, with a margin of 18.7%, up from Rupees 5.38 billion and 16.9% respectively. Net profit surged to Rupees 2.11 billion, reflecting a 66.2% growth and a net margin of 5.5%.
The company's transition from capacity creation to capacity utilization, following an expansion program financed through its 2024 Initial Public Offering, played a crucial role in enhancing production efficiency. This shift enabled better capacity utilization, improved product and customer mix, and disciplined cost management, significantly contributing to margin support.
FCL also reported substantial progress in consolidating its manufacturing operations, merging Unit-1 and Unit-2 in Lahore to eliminate duplicated overheads and strengthen quality control. The company's strategic focus on market development is supported by internationally recognized certifications and an AI-powered chatbot launched in February 2026, enhancing customer interaction and service delivery.
Copper and aluminum prices, which directly affect FCL's input costs, experienced volatility due to global demand and supply factors. Copper prices on the LME ranged between US$9,600-13,600/ton, closing near the upper end, while aluminum peaked at US$3,600/ton before settling at US$3,460/ton. These fluctuations necessitated agile procurement strategies and continuous monitoring of commodity trends.
The Board has proposed a final cash dividend of 15% (Rupees 1.50 per share), contingent on shareholder approval in the upcoming Annual General Meeting. The completion of the IPO-funded expansion program has positioned FCL to maximize output from its enhanced manufacturing platform, ensuring sustainable shareholder returns.
FCL remains committed to sustainability and corporate social responsibility, investing PKR 136 million in community upliftment initiatives during the year. The company continues to focus on healthcare, education, youth empowerment, and environmental sustainability, reinforcing its role as a conscientious corporate citizen.
As FCL navigates through economic uncertainties, it aims to optimize its manufacturing capabilities, broaden market reach, and maintain financial discipline, ensuring continued growth and resilience in the dynamic economic landscape.