Karachi: Dadex Eternit Limited, a key player in the building materials industry, has reported a notable improvement in its financial performance for the fiscal year ended June 30, 2026, according to its annual report released on October 8, 2026. The company witnessed a marked recovery, driven by substantial operating profit and a significant reduction in accumulated losses.
The company's total assets increased to 2.97 billion rupees, compared to 2.87 billion rupees in the previous year. A significant portion of this growth was attributed to an increase in non-current assets, which rose to 799.57 million rupees from 572.10 million rupees. Operating fixed assets saw a considerable rise from 405.28 million rupees to 596.19 million rupees, while capital work in progress increased to 59.69 million rupees from 13.18 million rupees.
In terms of current assets, Dadex Eternit Limited reported an increase to 1.45 billion rupees from 530.07 million rupees. This growth was primarily driven by a rise in trade debts, loans and advances, and other receivables. Short-term investments were introduced, amounting to 513.70 million rupees, adding a new dimension to the company's asset portfolio.
The company's equity and liabilities statement reflected a robust improvement in equity with accumulated losses decreasing significantly from 1.41 billion rupees to 120.29 million rupees. The total equity and reserves increased to 914.45 million rupees from 324.80 million rupees, indicating a strong financial position.
According to information available from the Pakistan Stock Exchange (PSX), Dadex Eternit Limited's financial revitalization was largely propelled by an operating profit of 592.68 million rupees, a substantial turnaround from the operating loss of 259.68 million rupees recorded in the previous fiscal year. The company's net profit for the year was reported at 479.68 million rupees, marking a very large and significant move from the net loss of 407.05 million rupees in the preceding year.
The company's gross sales increased to 1.16 billion rupees from 936.62 million rupees, with net sales amounting to 959.91 million rupees after accounting for sales tax. Despite a gross loss of 4.05 million rupees, a significant improvement from the 45.67 million rupees loss previously, the company's other income soared to 951.66 million rupees from 118.07 million rupees, contributing significantly to the overall financial turnaround.
Dadex Eternit Limited's comprehensive income for the year stood at 479.68 million rupees, a stark contrast to the previous year's comprehensive loss of 77.09 million rupees. This financial recovery highlights the company's strategic initiatives and operational efficiencies amidst a challenging economic environment.