Karachi: NETS International Communication Limited released its financial results for the year ending June 30, 2026, showing significant shifts in various financial metrics compared to the previous year. The company reported these figures in a statement issued on October 6, 2026.
The company's total assets rose to Rs. 1,316.86 million from Rs. 1,090.18 million, marking a notable increase in its asset base. Non-current assets showed a considerable rise, with property, plant and equipment valued at Rs. 95.75 million, up from Rs. 79.75 million. Deferred taxation-net also increased to Rs. 35.09 million from Rs. 23.03 million. A new entry in the form of contract assets contributed Rs. 111.14 million to non-current assets, which had no equivalent in the previous year.
Current assets saw a marginal increase, reaching Rs. 1,069.24 million from Rs. 979.92 million. Stock in trade was significantly reduced to Rs. 21.24 million from Rs. 154.20 million. Meanwhile, trade debts decreased from Rs. 462.70 million to Rs. 296.53 million. Loan, advances, and other receivables, however, rose to Rs. 564.10 million from Rs. 255.59 million.
According to information available from the Pakistan Stock Exchange (PSX), NETS International's total equity increased to Rs. 514.36 million from Rs. 462.18 million. This included unappropriated profits, which grew to Rs. 139.79 million from Rs. 94.60 million. The company also recorded a new loan from a director amounting to Rs. 7.00 million.
The company’s revenue for the fiscal year reached Rs. 1,946.84 million, up from Rs. 1,662.64 million, which represents a very large move. Despite the rise in revenue, the profit after taxation declined to Rs. 41.72 million from Rs. 63.27 million, a big move. The cost of revenue increased to Rs. 1,405.25 million from Rs. 1,251.24 million. Consequently, gross profit was recorded at Rs. 541.59 million, up from Rs. 411.40 million.
Operating expenses contributed to the financial dynamics, with selling and distribution expenses rising to Rs. 86.39 million from Rs. 69.02 million, and administrative expenses increasing to Rs. 256.87 million from Rs. 191.35 million. Other operating expenses saw a sharp increase to Rs. 154.94 million from Rs. 20.79 million. Meanwhile, other operating income, a new line item, contributed Rs. 24.97 million to the profit from operations, which fell to Rs. 68.37 million from Rs. 130.25 million.
The finance cost increased to Rs. 27.25 million from Rs. 19.58 million, contributing to a profit before levies and income tax of Rs. 128.44 million, up from Rs. 116.53 million. After accounting for levies and taxation, which increased to Rs. 39.01 million from Rs. 22.76 million, the profit after taxation stood at Rs. 41.72 million.
Earnings per share decreased to 1.14 from 1.88, reflecting the overall impact on the company's profitability metrics during the fiscal year.