Lahore: SPEL Limited, a prominent entity in the manufacturing sector, has reported a decrease in its annual profit for the fiscal year ending June 30, 2026, as detailed in a corporate briefing session released on November 5, 2026. The company, which is listed in the designated market category of the Pakistan Stock Exchange (PSX), experienced a reduction in both its net sales and profit margins over the period.

The net sales for SPEL Limited stood at 9.41 billion rupees for the year ending June 30, 2026, compared to 9.63 billion rupees in the same period last year. This represents a minor move in revenue. The cost of sales was recorded at 6.94 billion rupees, marginally decreasing from 7.05 billion rupees in the previous year, translating to a cost of sales percentage of 73.73%, up from last year's 73.14%.

Gross profit for the fiscal year was reported at 2.47 billion rupees, down from 2.59 billion rupees the previous year. The gross profit margin stood at 26.27%, slightly down from 26.86% in 2025. Administrative expenses increased to 464.69 million rupees, reflecting a percentage of 4.94% compared to 4.29% the previous year. Selling and distribution expenses also saw an increase, standing at 88.70 million rupees, or 0.94% of net sales.

According to information available from the Pakistan Stock Exchange (PSX), SPEL Limited noted a significant improvement in impairment reversal on financial assets, reporting a positive figure of 18.46 million rupees compared to a loss of 32.34 million rupees last year. This contributed to an operating profit of 1.94 billion rupees, slightly down from 2.07 billion rupees, with the operating profit margin at 20.58%.

Other income saw a decline to 150.38 million rupees, while finance costs reduced to 81.40 million rupees from 127.55 million rupees in the previous year. The profit before taxation was recorded at 1.86 billion rupees, down from 1.99 billion rupees, with a margin of 19.72%. The company incurred a taxation cost of 718.93 million rupees, leading to a profit after taxation of 1.14 billion rupees, a big move downward from 1.25 billion rupees in 2025. Consequently, earnings per share decreased to 5.99 rupees from 6.60 rupees.

The statement of financial position as of June 30, 2026, reveals that SPEL Limited's total equity and liabilities amounted to 9.79 billion rupees, up from 8.25 billion rupees in the previous year. The company's non-current assets increased to 5.17 billion rupees, and current assets rose to 4.62 billion rupees.

In summary, despite a challenging fiscal year with minor declines in sales and significant reductions in profit margins, SPEL Limited continues to maintain a robust financial position, as reflected in its increased total assets and reduced finance costs.