Karachi: Al Khair Gadoon Limited has reported a noticeable decline in its annual profit for the financial year ending June 30, 2026. The Board of Directors convened on September 25, 2026, recommending no cash dividend for shareholders for the stated period, as noted in their recent financial report.
The company's financial statements reveal that the net sales amounted to Rs. 1.30 billion, a decrease from the previous year's Rs. 1.40 billion. This represents a very large or significant move in sales performance. The cost of sales also saw a decrease, recorded at Rs. 1.14 billion compared to Rs. 1.23 billion last year. This resulted in a gross profit of Rs. 159.47 million, down from Rs. 173.65 million, indicating a moderate move in profitability.
Operating profit stood at Rs. 47.91 million, a reduction from Rs. 59.75 million in the prior year. Meanwhile, finance costs increased to Rs. 33.26 million from Rs. 30.98 million. The profit before levies and income tax dropped to Rs. 24.84 million from last year’s Rs. 30.74 million, indicating a moderate move. Additionally, the company reported a profit after income tax of Rs. 7.82 million, a significant decrease from the previous year’s Rs. 17.15 million, reflecting a very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), the company's assets totaled Rs. 771.15 million, a decrease from Rs. 799.49 million in the previous financial year. Current assets were reported at Rs. 627.90 million, slightly down from Rs. 642.82 million, with notable decreases in cash and bank balances, which fell to Rs. 14.31 million from Rs. 32.11 million. However, stock in trade saw an increase to Rs. 470.43 million from Rs. 411.55 million.
In terms of liabilities, current liabilities fell to Rs. 399.39 million from Rs. 429.67 million, while non-current liabilities decreased to Rs. 22.84 million from Rs. 27.74 million. The shareholders' equity increased marginally to Rs. 348.92 million from Rs. 342.09 million.
The Board of Directors has also decided against issuing any bonus shares or right shares for the year, maintaining a status quo on shareholder entitlements. The authorized capital remains unchanged at Rs. 300.00 million, with issued and paid-up capital steady at Rs. 100.00 million.
The company's earnings per share before tax was recorded at Rs. 2.48, down from Rs. 3.07, while the earnings per share after tax fell to Rs. 0.78 from Rs. 1.71 in the previous year.