Karachi: Javedan Corporation Limited has reported substantial financial results for the fiscal year ending June 30, 2026, showcasing a period marked by significant profit growth and a notable reduction in borrowings. The company disclosed these figures during a corporate briefing session held for the fiscal year 2026, with the report dated November 13, 2026.

The corporation's revenue surged by 32% to Rs 9.74 billion, compared to Rs 7.36 billion in the previous year. The cost of sales decreased by 23%, amounting to Rs 3.95 billion, which resulted in a gross profit increase of 164%, reaching Rs 5.80 billion from Rs 2.19 billion in 2025.

According to information available from the Pakistan Stock Exchange (PSX), the firm experienced increases in both marketing and administrative expenses, rising by 141% and 19% respectively. Nevertheless, finance costs saw a reduction of 54%, amounting to Rs 53.61 million. Other income experienced a decrease of 52% to Rs 418.76 million.

The allowance for expected credit loss dropped by 24%, while profit before final taxes soared by 140% to Rs 5.19 billion. Following final taxes and levies, the profit before income tax was Rs 5.18 billion, a 141% increase from the previous year. Taxation more than doubled, rising by 125% to Rs 1.32 billion, resulting in a profit for the period amounting to Rs 3.86 billion, a 147% rise from Rs 1.56 billion in 2025.

The statement of financial position revealed total assets of Rs 45.57 billion, marking a 10% increase. Equity and reserves grew by 19% to Rs 30.24 billion, attributed to retained earnings and a revaluation surplus on land. Total borrowings decreased significantly by 38% to Rs 4.71 billion, indicating substantial debt repayments and reduced reliance on external financing. Long-term investments also saw an increase of 19%, amounting to Rs 10.08 billion.

The financial report underscores Javedan Corporation Limited's robust performance during the fiscal year and reflects strategic financial management, contributing to its enhanced market position in the designated market category.