Karachi: Pakistan Cables Limited has announced its financial results for the year ended June 30, 2026, revealing a substantial increase in revenue despite facing numerous financial hurdles. The company's board of directors reviewed the audited financial results during a meeting held on September 3, 2026. The announcement comes as Pakistan Cables navigates a complex financial landscape with no cash dividends, bonus shares, or other entitlements declared for the year.
According to the detailed financial statement, the company recorded a revenue of 33.79 billion rupees, marking a 15.24% increase compared to 29.09 billion rupees in the previous year. The increase in revenue is classified as a very large or significant move. Despite this growth, the company reported a net profit after tax of 166.21 million rupees, a reversal from the net loss of 280.60 million rupees in the previous fiscal year. The earnings per share for the year stood at 3.05 rupees, compared to a loss of 5.15 rupees per share last year.
The financial results also showed a gross profit of 3.51 billion rupees, up from 3.03 billion rupees in 2025. However, the company's total operating expenses increased to 1.72 billion rupees from 1.34 billion rupees in the previous year, reflecting higher marketing, selling, and distribution costs.
A significant concern for Pakistan Cables is the finance cost, which remains high at 2.27 billion rupees, though slightly reduced from 2.43 billion rupees in 2025. Other operating charges totaled 2.29 billion rupees, a decrease from the prior year's 2.45 billion rupees.
On the balance sheet, total assets stood at 37.52 billion rupees, nearly unchanged from the previous year. The company's equity rose to 10.20 billion rupees from 9.48 billion rupees, supported by an increase in un-appropriated profits to 3.06 billion rupees, as opposed to a loss of 316.34 million rupees last year.
According to information available from the Pakistan Stock Exchange (PSX), Pakistan Cables Limited's total liabilities decreased to 27.32 billion rupees from 28.07 billion rupees in the previous year. The reduction in liabilities is primarily due to a decrease in long-term financing and trade and other payables.
Despite the financial challenges, the company reported a positive cash position with cash and bank balances amounting to 338.59 million rupees. The current assets, however, saw a decrease to 20.84 billion rupees from 21.58 billion rupees, largely due to a reduction in stock-in-trade and assets held for sale.
The financial outlook for Pakistan Cables Limited remains cautious, as the company continues to grapple with high finance costs and strategic challenges in a competitive market environment.