Karachi: Dawood Equities Limited (DEL) has announced its financial results for the fiscal year ending June 30, 2026, revealing significant financial growth despite the decision not to issue any cash dividends, bonus shares, or rights shares to its shareholders. The announcement was made following a board meeting held on September 29, 2026, at the company's headquarters on I. I. Chundrigar Road.
According to the financial statement, Dawood Equities Limited reported a profit of 81,118,455 rupees for the year, marking a substantial increase from the previous year's profit of 50,569,618 rupees. The earnings per share rose to 2.95 rupees, compared to 1.84 rupees in the prior year, indicating a strong performance in the designated market category of financial services.
The company's total assets increased to 992.80 million rupees from 794.23 million rupees in the previous fiscal year. This growth was largely driven by an increase in current assets, which rose to 939.65 million rupees from 753.01 million rupees. Notably, trade debts saw an increase to 380.90 million rupees from 294.07 million rupees, while short-term investments climbed to 190.39 million rupees from 118.44 million rupees, reflecting a very large or significant move in these categories.
Despite strong financial indicators, the board decided not to recommend any cash or bonus dividends. “According to information available from the Pakistan Stock Exchange (PSX)”, the company also did not propose any right shares or other corporate actions. The financial results showed a notable increase in operating revenue, which reached 360.18 million rupees, up from 232.29 million rupees, marking a very large or significant move.
DEL's non-current assets also saw a rise to 53.15 million rupees from 41.22 million rupees, driven by investments in property and equipment. Administrative expenses increased to 82.91 million rupees from 68.02 million rupees, while financial charges rose to 13.99 million rupees from 7.88 million rupees. These increases were offset by gains from the disposal of short-term investments and a net unrealized gain on financial assets.
The company's Annual General Meeting is scheduled for October 27, 2026, at the same location as the board meeting, where shareholders will have the opportunity to discuss the company’s performance and future strategies. The share transfer books will remain closed from October 20, 2026, to October 27, 2026, inclusive.
DEL has committed to transmitting its annual report through PUCARS at least 21 days before the meeting, ensuring transparency and accountability to its shareholders.