Karachi: Cordoba Logistics & Ventures Limited has announced its consolidated financial results for the fiscal year ending June 30, 2026, revealing a significant increase in both revenue and profit compared to the previous year. The company reported its financial performance in a detailed statement released on October 7, 2026.
The company's net revenue surged to 1.03 billion rupees, a substantial increase from the 680.81 million rupees recorded in the preceding fiscal year. This represents a very large or significant move of 50.73%. The cost of revenue also increased, reaching 360.65 million rupees from 266.15 million rupees, resulting in a gross profit of 665.19 million rupees, up from 414.66 million rupees.
Operating profit showed a substantial improvement, rising to 616.38 million rupees from 366.21 million rupees. However, the company reported an impairment on investment in associate amounting to 28.49 million rupees, and a negative shift in other income, which stood at a loss of 53.58 million rupees compared to an income of 18.13 million rupees the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Cordoba's profit before provision, taxation, and levies increased to 409.59 million rupees from 276.88 million rupees, demonstrating a big move of 47.84%. After accounting for allowances and levies, the profit before taxation reached 407.24 million rupees, up from 247.91 million rupees in the prior year.
The company's taxation expenses rose significantly to 161.56 million rupees from 73.62 million rupees, leading to a final profit after taxation of 245.69 million rupees, marking a big move of 40.97% from the previous year's profit of 174.29 million rupees.
The profit attributable to the owners of the holding company increased to 183.76 million rupees, a moderate move from 158.54 million rupees. Meanwhile, non-controlling interests saw a notable rise in profit, totaling 61.92 million rupees, up from 15.75 million rupees.
Earnings per share for the year increased to 2.55 rupees, compared to 2.29 rupees in the previous year. Cordoba Logistics & Ventures Limited falls under the designated market category of logistics and ventures.
This financial performance highlights a year of significant growth for Cordoba Logistics & Ventures Limited, driven by increased revenue and effective cost management, despite challenges encountered in investment impairments and other income.