Karachi: The Directors of Arif Habib Corporation Limited (AHCL) released the company's financial statement for the first quarter ending on September 30, 2026. Despite challenging economic conditions, the company demonstrated resilience and robust financial performance during this period.
On October 30, 2026, AHCL's directors presented the condensed interim consolidated and unconsolidated financial statements. The report highlights Pakistan's economic resilience in the first quarter of FY27, aided by a 14% year-on-year increase in workers' remittances to USD 10.9 billion and a marginal appreciation of the Pakistani Rupee to PKR 277.11 against the US Dollar. Inflation averaged 10.2%, up from 4.3% last year, driven by higher food, electricity, and fuel prices. The State Bank maintained the policy rate at 11.5%.
Financial results for the quarter showed AHCL's consolidated profit after tax attributable to equity holders at PKR 2.82 billion, down from PKR 4.22 billion in the corresponding period last year, resulting in earnings per share of PKR 0.67. On an unconsolidated basis, AHCL reported a loss after tax of PKR 2.88 billion, compared to a restated profit after tax of PKR 17.74 billion in the corresponding period, with a loss per share of PKR 0.68.
The Group's subsidiaries and associates showed improved performance. Arif Habib Limited's profit after tax increased to PKR 272.80 million, supported by market share growth and enhanced digital platforms. Sachal Energy Development Limited and Fatima Fertilizer Company Limited reported profits of PKR 1.23 billion and PKR 9.52 billion, respectively.
Javedan Corporation Limited earned a profit after tax of PKR 676.11 million, reflecting sustained demand for housing and retail space. Power Cement Limited's profit after tax rose to PKR 1.05 billion, while Aisha Steel Mills Limited achieved significant operational improvements, with sales increasing by 85% to 80,053 tons.
According to information available from the Pakistan Stock Exchange (PSX), these figures reflect AHCL's resilience and strategic market positioning amid economic challenges. The company's financial performance underscores its ability to navigate a volatile economic environment while capitalizing on growth opportunities across its subsidiaries and associates.