Karachi: Goodluck Industries Limited has reported its annual financial results for the fiscal year ending June 30, 2026, indicating an increase in turnover despite rising costs of raw materials. The company's annual report was released on October 6, 2026.

According to the report, Goodluck Industries achieved a turnover of PKR 1,909.18 million, compared to PKR 1,606.64 million in the previous fiscal year. This increase is attributed to higher sales proceeds of wheat products, driven by elevated commodity rates in the open market. The cost of sales has also risen, amounting to PKR 1,874.16 million, up from PKR 1,574.21 million in the prior year. Notably, administration expenses decreased to PKR 28.27 million from PKR 29.25 million.

The company reported a profit after tax of PKR 3.42 million, a slight increase from the previous year's PKR 3.40 million. The basic earnings per share stood at PKR 11.41, marginally higher than the PKR 11.35 reported for the fiscal year 2025. The Board of Directors has proposed a cash dividend of PKR 3.00 per ordinary share, totaling PKR 0.90 million, pending approval at the upcoming Annual General Meeting.

According to information available from the Pakistan Stock Exchange (PSX), Goodluck Industries Limited operates within a challenging and competitive business environment. Despite inflationary pressures increasing service costs, the company has maintained its profitability through strategic financial management.

The report highlights an appropriation of profit with a profit before taxation of PKR 6.65 million and taxation and levies of PKR 3.22 million. The company's unappropriated profit carried forward stands at PKR 128.38 million, compared to PKR 117.04 million in the previous fiscal year. Additionally, the Board has approved a gratuity provision of PKR 16.03 million for the year.

In a bid to improve the company's financial standing, the Chief Executive and the Board of Directors decided to forgo fees, remuneration, and other perquisites for the fiscal year ending June 2025. Goodluck Industries Limited continues to navigate a complex market landscape, focusing on strategic measures to sustain its growth and profitability.