Lahore: Shaffi Chemical Industries Limited has reported a significant turnaround in its financial performance for the fiscal year ending June 30, 2026. The company announced a profit after taxation of 70.66 million rupees, a notable improvement from the previous year's loss of 29.11 million rupees. This financial outcome was formalized during the Board of Directors meeting held on October 2, 2026, in Lahore.
The comprehensive financial report highlights a remarkable increase in revenue, reaching 48.91 million rupees, compared to 23.68 million rupees the previous year. This represents a very large or significant move of 106.53% in revenue. The company also achieved a gross profit of 8.41 million rupees, up from 3.65 million rupees in the prior year. Administrative expenses decreased to 1.37 million rupees from 3.76 million rupees, contributing to the overall positive performance.
According to information available from the Pakistan Stock Exchange (PSX), the company did not declare any cash dividends or bonus shares for the fiscal year. The absence of right shares or any other entitlement or corporate action was also noted.
Shaffi Chemical Industries Limited's profit from operations surged to 82.42 million rupees, a substantial increase from the 1.97 million rupees recorded in the previous year. The company benefited from other income totaling 77.39 million rupees, a significant rise compared to 2.28 million rupees in the prior year. Finance costs decreased to 4.63 million rupees from 7.16 million rupees, further boosting the bottom line.
The company's total equity improved from a deficit of 70.55 million rupees in 2025 to a positive 128,831 rupees in 2026. This financial recovery was bolstered by a reduction in accumulated losses from 198.78 million rupees to 127.87 million rupees and an increase in fair value reserves.
In terms of liabilities, non-current liabilities decreased to 20.29 million rupees from 44.70 million rupees, while current liabilities fell to 20.25 million rupees from 78.45 million rupees. The company's assets saw a mix of changes, with non-current assets declining to 13.15 million rupees from 38.78 million rupees, while current assets rose significantly to 24.83 million rupees from 11.13 million rupees.
Shaffi Chemical Industries Limited's financial recovery reflects strategic management and operational efficiencies, positioning the company for future growth and stability in the competitive chemicals market.