KARACHI: Haleon Pakistan Limited has reported a profit after tax of Rs3.20 billion for the half year ended June 30, 2026, compared with Rs2.97 billion in the same period last year, reflecting an improvement of around 8%.
According to the company’s financial results submitted to the Pakistan Stock Exchange, the Board of Directors also recommended an interim cash dividend of Rs10 per share, equivalent to 100%. No bonus or right shares were announced.
The company’s revenue from contracts with customers stood at Rs19.67 billion during the first half of 2026, down from Rs21.63 billion in the corresponding period of 2025. Despite the decline in revenue, Haleon Pakistan managed to improve its gross profit to Rs8.77 billion, compared with Rs8.10 billion a year earlier.
Profitability Improves
Haleon Pakistan’s profit before income tax increased to Rs5.07 billion in H1 2026 from Rs4.92 billion in the same period last year. After taxation of Rs1.87 billion, the company recorded a profit after tax of Rs3.20 billion, compared with Rs2.97 billion in H1 2025.
Earnings per share also improved to Rs27.35, compared with Rs25.38 in the previous year, highlighting the company’s improved earnings performance despite lower overall revenue.
For the April-June quarter, Haleon Pakistan posted revenue of Rs10.07 billion, compared with Rs11.60 billion in the same quarter of 2025. Quarterly profit after tax, however, rose to Rs1.68 billion from Rs1.62 billion, while earnings per share increased to Rs14.32 from Rs13.87.
Balance Sheet Strengthens
The company’s total assets increased to Rs30.51 billion as of June 30, 2026, compared with Rs27.16 billion at the end of December 2025. Total equity also rose to Rs16.24 billion from Rs14.80 billion during the period.
Haleon Pakistan’s revenue reserves increased to Rs14.24 billion, compared with Rs12.80 billion at the end of 2025, supported by the profit generated during the first half of the year.
Cash Position and Dividend
The company ended the period with Rs6.45 billion in cash and cash equivalents, compared with Rs7.24 billion at June 30, 2025. Net cash used in operating activities stood at Rs73.85 million during the first half, compared with net cash generated of Rs2.29 billion in the corresponding period last year.
The Board’s decision to declare a Rs10 per share interim cash dividend adds to the attraction for shareholders. The dividend will be paid to shareholders whose names appear in the company’s register at the close of business on September 7, 2026. The share transfer books will remain closed from September 8 to September 9, 2026.
Overall, Haleon Pakistan’s first-half results show a mixed operating picture, with revenue declining year-on-year but profitability, gross margins and earnings per share improving. The stronger bottom line and dividend announcement provide positive signals for shareholders, while the decline in revenue and operating cash generation remain areas to watch in the second half of the year.
