Karachi: Intermarket Securities Limited has released its Annual Audited Financial Statements for the fiscal year ending June 30, 2026, reporting significant growth in revenue and profit. The company's operating revenue reached Rs. 1.87 billion, signaling a robust performance for the period. The reported profit before taxation was Rs. 904.64 million, with profit after taxation amounting to Rs. 544.45 million.
According to the Directors' Report, the company's market share showed an increase, rising to 7.75% from the previous 7.58%. This growth is attributed to enhanced market performance and an upsurge in foreign client activity. Notably, the revenue from foreign institutions increased by 2.3 times year-on-year, due in large part to the merger with EFG Hermes.
The company's financial results reveal that administrative expenses were recorded at Rs. 1.06 billion, while finance costs stood at Rs. 98.48 million. Despite these expenses, the company managed a profit before levies and taxation of Rs. 908.87 million. The company's earnings per share were reported at Rs. 0.42.
A detailed review of the company's financial activities reveals that operating revenue for the year amounted to Rs. 1.87 billion, while income from investments contributed an additional Rs. 130.82 million. Administrative expenses and other outlays were significant, totaling over Rs. 1.07 billion.
The Pakistan Stock Exchange (PSX) provided the designated market category for Intermarket Securities Limited. According to information available from the Pakistan Stock Exchange (PSX), the company's market performance was enhanced by the economic conditions, including stable interest rates and declining inflation.
In terms of credit ratings, the Pakistan Credit Rating Agency (PACRA) maintained the company's long-term entity rating at "A-" and short-term rating at "A1", reflecting a strong capacity for timely payment of financial commitments.
The firm has decided against recommending a cash dividend, opting to retain its cash reserves to support working capital requirements and future operational needs. No significant changes affecting the company's financial position have occurred post the balance sheet date.
The company's commitment to sustainability and corporate social responsibility (CSR) is evident through its continued efforts in environmental responsibility, stakeholder engagement, and ethical business practices.
Intermarket Securities Limited's outlook remains positive, buoyed by strong merger synergies and favorable macroeconomic conditions. However, it remains vigilant of the challenges posed by external factors such as geopolitical tensions and fluctuating fuel prices, which may affect its near-term performance.