Karachi: Olympia Mills Limited, a longstanding entity listed on the Pakistan Stock Exchange, shared its financial performance for the fiscal year ending June 30, 2026, indicating notable revenue growth and strategic financial management. Incorporated in 1960, the company has shifted its business model to focus on renting and leasing industrial premises in Karachi's Landhi Industrial Area since 2018.
According to the audited financial statements, Olympia Mills reported a revenue of Rs. 221.62 million, marking a 66.8% increase from the previous fiscal year's Rs. 132.85 million. This significant growth underscores the company's adaptive strategy in leveraging its industrial real estate assets.
Despite the revenue surge, the company's gross profit margin contracted to 35.0% from the previous year's 54.7%, amidst a 6.7% increase in gross profit to Rs. 77.50 million. The fiscal year 2025 had included a one-off gain on debt extinguishment amounting to Rs. 119.89 million, which, when excluded, shows a 35.2% rise in profit before tax, now at Rs. 54.95 million. The profit after tax stood at Rs. 33.47 million, compared to Rs. 145.90 million in FY2025, reflecting a 77.1% decline due to the absence of the previous year's one-off gain.
Olympia Mills' net cash from operating activities improved to Rs. 39.37 million, up from Rs. 26.30 million, while its total equity increased by 12.2% to Rs. 302.13 million. Despite these positive indicators, no dividend was declared as the board focuses on fortifying the company's balance sheet.
According to information available from the Pakistan Stock Exchange (PSX), the company's financial position as of June 30, 2026, reveals total assets of Rs. 706.16 million, a minor move of 0.4% from the previous year. The company's liabilities decreased by 6.9%, totaling Rs. 404.03 million, indicative of effective debt management strategies.
Administrative and general expenses saw a reduction of 13.6%, totaling Rs. 24.65 million, while finance costs rose by 20.1% to Rs. 3.70 million. Other expenses decreased significantly by 85.1%, amounting to Rs. 1.10 million. The company reported a net increase in trade debts by 73.4% to Rs. 12.18 million and a substantial 181.2% rise in cash and bank balances to Rs. 5.82 million, reinforcing its liquidity position.
Olympia Mills' strategic focus on its leasing business has shown robust results, as evidenced by its operational outcomes for the fiscal year. The company's ongoing efforts to optimize its financial structure appear to be yielding dividends, positioning it for future growth in the industrial real estate market.