Lahore: Hi-Tech Lubricants Ltd has released a corrected version of its annual report for the fiscal year ending June 30, 2026, following the identification of minor typographical and formatting errors in the narrative sections of the initially dispatched document. The company assured stakeholders that these corrections do not impact financial figures or material disclosures.

The initial report was submitted through the Pakistan Stock Exchange's PUCARS system on October 6, 2026, and was updated shortly after on October 7. On October 12, 2026, Hi-Tech Lubricants Ltd communicated the presence of the errors and the subsequent adjustments made to ensure an accurate archival record. The company emphasized that the adjustments were confined to non-financial sections, ensuring that all financial data remains unaffected and accurate.

According to information available from the Pakistan Stock Exchange (PSX), Hi-Tech Lubricants Ltd reported a significant increase in its gross revenue for the year ending June 30, 2026, amounting to 40.41 billion rupees, up from 35.83 billion rupees in the previous year. This represents a very large or significant move of 12.78%. The company achieved a net revenue of 36.97 billion rupees after accounting for discounts and sales tax, reflecting a big move in its financial performance compared to the previous fiscal year.

The profit from operations showed a substantial increase to 1.07 billion rupees from 262.49 million rupees, marking a very large or significant move in profitability. After accounting for finance costs and taxation, the profit after taxation rose to 413.22 million rupees, contrasting with a loss of 318.78 million rupees in the previous year.

In terms of its financial position, Hi-Tech Lubricants Ltd's total assets increased to 8.27 billion rupees from 8.06 billion rupees. The company's equity rose to 4.13 billion rupees from 3.69 billion rupees, supported by an improvement in revenue reserves, which grew to 663.20 million rupees from 24.98 million rupees.

The corrected annual report has been made available on the company's official website, ensuring compliance with applicable regulations and maintaining transparency with market participants.