Lahore: Waves Corporation Limited (WAVES) has released its audited financial results for the year ending December 31, 2025, following the approval by the Board of Directors on April 6, 2026. The company, which operates within the designated market category, saw notable movements in its financial metrics over the past year.

For the fiscal year 2025, the company generated a net revenue of 4,779.33 million rupees, up from 3,944.76 million rupees in 2024, reflecting a significant move in revenue performance. This increase is primarily attributed to a 6,368.13 million rupees gross revenue before sales tax and trade discounts, a considerable rise from the 4,142.71 million rupees reported in the previous year.

Despite the revenue growth, Waves Corporation Limited reported a profit after taxation of 521.47 million rupees, a decline from the 1,087.39 million rupees achieved in 2024, marking a very large or significant move in profitability. The earnings per share also saw a notable decrease to 1.85 rupees from 3.86 rupees in the prior year.

According to information available from the Pakistan Stock Exchange (PSX), the company’s equity attributable to the owners of the parent company stood at 10.20 billion rupees, with non-controlling interest at 3.43 billion rupees, summing up to a total equity and liabilities figure of 13.63 billion rupees as of December 31, 2025. This represents a moderate move in total equity compared to the previous year.

The Board has decided not to declare any cash dividends, bonuses, rights, or other entitlements for the year. Moreover, the company has approved its Annual Business Plan and Budget for the financial year 2026.

The Waves Corporation Limited’s Annual General Meeting (AGM) is scheduled for April 30, 2026, at the company’s registered office in Lahore. The share transfer books will be closed from April 24, 2026, to April 30, 2026, inclusive.

The financial results underscore the company’s strategic direction amidst fluctuating market conditions, as it aims to maintain robust operational performance and enhance shareholder value.