Karachi, September 4, 2026: Pakistan Cables Limited has returned to profitability for the financial year ended June 30, 2026, reporting a profit after tax of Rs166.2 million, compared with a net loss of Rs280.6 million recorded in the previous financial year.

The company’s latest financial results were reviewed by its Board of Directors at a meeting held on September 3, 2026. The results indicate a notable improvement in the company’s bottom-line performance during FY2026.

Revenue and profitability improve

Pakistan Cables recorded revenue of Rs33.79 billion during FY2026, compared with Rs29.09 billion in FY2025. This represents an increase of approximately 16% year-on-year.

The company’s gross profit rose to Rs3.51 billion, from Rs3.03 billion a year earlier. At the bottom line, the company moved from a loss before tax of Rs387.5 million in FY2025 to a profit before tax of Rs588.3 million in FY2026.

After accounting for income tax, Pakistan Cables posted a net profit of Rs166.2 million, against a loss of Rs280.6 million in the preceding year. Earnings per share also improved significantly, reaching Rs3.05, compared with a negative Rs5.15 per share in FY2025.

Finance costs remain a key factor

Despite the improved operating performance, finance costs continued to weigh heavily on the company. Finance costs stood at approximately Rs2.27 billion during FY2026, although this was lower than the Rs2.43 billion recorded in FY2025.

The company also reported other income of Rs661.7 million and a share of profit from an associate of Rs419.8 million, helping support its overall profitability.

Cash flow picture remains challenging

The cash-flow statement shows that Pakistan Cables generated Rs726.4 million in cash from operations during FY2026. However, after finance costs, taxes and other payments, net cash used in operating activities amounted to approximately Rs2.40 billion.

Investing activities generated net cash of around Rs796.1 million, supported in part by proceeds from the disposal of assets, including assets classified as held for sale.

Financing activities generated approximately Rs1.96 billion, primarily reflecting short-term borrowing activity. Despite these inflows, cash and cash equivalents at year-end stood at a negative Rs258.6 million, compared with negative Rs619.2 million at the end of FY2025.

No dividend announced

For FY2026, the company’s Board recommended no cash dividend, while no bonus shares, right shares or other corporate action were recommended.

The company’s equity position also changed during the year, with total shareholders’ equity increasing from approximately Rs9.48 billion to Rs10.20 billion as of June 30, 2026.

Annual General Meeting scheduled for October

Pakistan Cables has scheduled its 73rd Annual General Meeting for October 6, 2026, at 10:00 a.m. at the Pakistan Stock Exchange’s Dr. Shamshad Akhtar Auditorium in Karachi. Members have also been encouraged to participate through video conferencing.

The company’s share transfer books will remain closed from September 30 through October 6, 2026, with transfers received by the close of business on September 29 eligible for purposes related to attendance at the Annual General Meeting.

Overall, Pakistan Cables’ FY2026 results point to a significant financial turnaround, with higher revenue, improved gross profitability and a return to positive earnings. However, the company’s substantial finance costs and cash-flow pressures remain important areas for investors to watch going forward