Karachi: Tariq Corporation Limited announced a notable financial performance for the nine-month period ending June 30, 2026. The company's Board of Directors approved the unaudited condensed interim financial statements, revealing a significant improvement in profitability compared to the same period last year.

On July 29, 2026, Tariq Corporation's board confirmed at their meeting held at the company's registered office that no cash dividend, bonus issue, right issue, or other corporate actions were recommended. The financial results, including the Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows, are to be transmitted through PUCARS.

The financial statements show an increase in the company's total assets, which grew from 8.60 billion rupees as of September 30, 2025, to 9.35 billion rupees by the end of June 2026. The rise in assets was driven by both non-current and current assets, with property, plant, and equipment increasing to 5.15 billion rupees and trade and other receivables reaching 2.79 billion rupees.

Revenue from contracts with customers amounted to 10.57 billion rupees, up from 8.81 billion rupees in the same period last year. After accounting for sales tax and other levies, net revenue increased to 8.84 billion rupees, marking a very large move in revenue growth. The cost of revenue also rose to 8.48 billion rupees, resulting in a gross profit of 363.06 million rupees, compared to 163.13 million rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), the corporation's profit from operations improved to 294.01 million rupees, contrasting with a loss of 91.02 million rupees in the previous year. This improvement was further supported by other operating income, which saw a substantial increase to 209.64 million rupees from 5.36 million rupees.

Despite a stable finance cost of 124.45 million rupees, the profit before levy and income tax rose to 171.53 million rupees. After accounting for levy and income tax, the company reported a profit of 81.25 million rupees, a big improvement from 7.72 million rupees last year. Earnings per share rose to 1.23 rupees from 0.12 rupees, indicating a strengthened financial position for the company.

The designated market category for Tariq Corporation Limited remains unchanged, as the company continues to strengthen its financial standing through improved revenue and profitability metrics.