Karachi: Waves Corporation Limited presented its financial performance at a corporate briefing session on August 24, 2026, revealing a trajectory of fluctuating sales and profits over the past three fiscal years.
In Fiscal Year (FY) 2023, the company reported gross sales of 6,295 million, which then decreased to 5,072 million in FY 2024 before rising again to 6,368 million in FY 2025. The net sales followed a similar pattern, decreasing from 5,206 million in FY 2023 to 3,945 million in FY 2024, and then recovering to 4,779 million in FY 2025. The cost of sales also fluctuated, with figures of 3,805 million, 2,725 million, and 3,435 million for FY 2023, FY 2024, and FY 2025, respectively.
The gross profit for FY 2023 was 1,401 million and saw a decline to 1,219 million in FY 2024, before increasing to 1,344 million in FY 2025. Marketing, selling, and distribution costs decreased steadily over the three fiscal years, recorded at 667 million, 595 million, and 527 million, respectively. Administrative expenses were 424 million in FY 2023, decreased to 382 million in FY 2024, and slightly rose to 407 million in FY 2025. Other expenses showed a significant increase from 124 million in FY 2023 to 188 million in FY 2024, and further to 575 million in FY 2025. Other income increased dramatically to 1,737 million in FY 2024 from 381 million in FY 2023, then decreased to 1,359 million in FY 2025.
Profit from operations experienced a very large or significant move, rising from 566 million in FY 2023 to 1,792 million in FY 2024, before declining to 1,194 million in FY 2025. Finance costs increased sharply from 266 million in FY 2023 to 700 million in FY 2024, and slightly decreased to 636 million in FY 2025. Profit before levies and income tax recorded 301 million in FY 2023, surged to 1,092 million in FY 2024, and then fell to 558 million in FY 2025.
The company's levies and income tax expenses were 44 million in FY 2023, decreased to 4 million in FY 2024, and increased to 28 million in FY 2025. Consequently, the profit for the period saw a very large or significant move, rising from 257 million in FY 2023 to 1,087 million in FY 2024, before declining to 530 million in FY 2025. Earnings per share followed a similar pattern, recorded at 0.91 in FY 2023, increasing to 3.86 in FY 2024, and then decreasing to 1.89 in FY 2025.
According to information available from the Pakistan Stock Exchange (PSX), Waves Corporation Limited's financial performance reflects significant variances across different fiscal periods, attributed to changes in sales, expenses, and income dynamics. The company operates within the designated market category of consumer goods.