Karachi: Ghandhara Tyre and Rubber Company Limited has disclosed its financial results for the year ending June 30, 2026, with notable declines in several key financial metrics. The report, dated October 7, 2026, highlights the company's adherence to Shariah principles while revealing a contraction in various financial aspects.

The company's long-term finances under Islamic modes decreased to 141.72 million rupees from 230.46 million rupees in the previous year. Short-term finances also saw a reduction, falling to 2.18 billion rupees from 2.35 billion rupees. Meanwhile, liabilities under diminishing musharaka increased to 288.95 million rupees from 147.49 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the accrued mark-up on conventional loans or advances decreased to 162.44 million rupees from 202.72 million rupees. Investment in an associated company rose to 80.44 million rupees from 49.82 million rupees, while bank balances declined sharply to 6.32 million rupees from 19.38 million rupees.

Revenue earned from Shariah-compliant business segments witnessed a decline, registering at 16.85 billion rupees compared to 17.80 billion rupees in the previous year. The share of profit from associated companies increased, reaching 32.72 million rupees from 16.14 million rupees, while there was a minor comprehensive loss of 76,000 rupees compared to 91,000 rupees the previous year.

Profit paid on Islamic modes of financing showed varied changes, with long-term finance costs decreasing, while short-term finance costs dropped significantly to 287.80 million rupees from 349.58 million rupees. Liabilities under diminishing musharaka expenses increased, totaling 20.20 million rupees compared to 9.52 million rupees previously.

The company's other income sources, such as scrap sales and gains on disposal of fixed assets, were reported at 92.56 million rupees and 28.26 million rupees, respectively, both showing declines from the previous year.

Ghandhara Tyre maintains active Shariah-compliant relationships with several financial institutions and utilizes Islamic financing modes such as Murabaha, Istisna, Running Musharakah, and Diminishing Musharakah. Despite these efforts, the company reported no holdings in Shariah-compliant instruments like Sukuk or Islamic mutual funds as of the reporting date.