Karachi: AKD Hospitality Ltd. announced its financial results for the fiscal year ending June 30, 2026, detailing a steady profit increase despite a decision against issuing dividends to its shareholders. The financial report, issued on October 5, 2026, follows a board meeting conducted on October 2, 2026.

The company reported a profit after taxation of 1,680,696 rupees for the year, reflecting an increase from the previous year's 1,266,304 rupees. Earnings per share rose to 0.67 rupees from 0.51 rupees. Despite these gains, the board has recommended a final dividend of NIL per share, maintaining its stance from the previous fiscal year. According to information available from the Pakistan Stock Exchange (PSX), this decision marks a continuation of the dividend standstill.

Significant changes in AKD Hospitality's financial position included an increase in long-term investments to 44.89 million rupees from 27.19 million rupees, contributing to the total assets rising to 52.43 million rupees from 45.04 million rupees in the previous year. The company's equity also grew to 43.43 million rupees, up from 37.02 million rupees, alongside a rise in reserves to 17.41 million rupees from a deficit of 1.00 million rupees.

Revenue from contracts with customers decreased to 5.40 million rupees from 6.00 million rupees, while administrative and general expenses slightly increased to 4.40 million rupees from 4.24 million rupees. The gross profit recorded a decline to 810,239 rupees from 1,422,953 rupees, yet other income of 1.70 million rupees bolstered overall profitability, leading to a total comprehensive income of 18.41 million rupees, up from 13.73 million rupees.

AKD Hospitality’s financial strategy, reflected in its decision to withhold dividends, appears aimed at reinforcing its capital reserves amidst fluctuating revenues. The company's authorized share capital remains unchanged at 1 billion rupees, maintaining its issued, subscribed, and paid-up share capital at 25.07 million rupees.

This comprehensive financial report positions AKD Hospitality in a stable financial category within the market, underscoring the company's resilient performance despite challenging market conditions.