Karachi: Shabbir Tiles and Ceramics Limited has released its financial results for the fiscal year ending June 30, 2026, detailing a substantial net loss and a decision against issuing any dividends or bonuses to shareholders. The company's Board of Directors convened on September 22, 2026, to review and approve the financial statements.
The report, dated September 23, 2026, reveals that no cash dividends, bonus shares, right shares, or other corporate actions are slated for the stakeholders this year. The company also noted the absence of any price-sensitive information. The Annual General Meeting is set for October 22, 2026, in Karachi, with share transfer books closing from October 15 to October 22, 2026.
According to the financial statement, Shabbir Tiles and Ceramics Limited recorded a total asset value of 9.46 billion rupees, compared to 7.94 billion rupees the previous year. Non-current assets increased to 3.56 billion rupees, while current assets saw a rise to 5.87 billion rupees. Despite these increases, the company’s total equity decreased from 2.65 billion rupees to 1.85 billion rupees, reflecting the financial strain on the company.
The company reported a net turnover of 11.90 billion rupees, down from 13.85 billion rupees in the previous year, resulting in a gross profit of 1.88 billion rupees, a decrease from 2.75 billion rupees in 2025. The operating loss stood at 649.24 million rupees, a considerable downturn from the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Shabbir Tiles and Ceramics Limited experienced a significant move with a loss for the year amounting to 802.10 million rupees, compared to a loss of 192.13 million rupees in the previous fiscal year. The loss per share, both basic and diluted, was reported at 3.35 rupees, significantly higher than the previous year's 0.80 rupees.
The company's liabilities also increased, with long-term financing rising to 929.48 million rupees from 324.84 million rupees and short-term financing escalating to 2.36 billion rupees from 169.38 million rupees. The current liabilities totaled 6.26 billion rupees, up from 4.62 billion rupees the previous year.
Despite the challenges, the company aims to address the financial hurdles and focus on strategic planning to stabilize its market position. The designated market category remains unchanged as Shabbir Tiles and Ceramics Limited continues to navigate the complexities of the current economic environment.