Nimir Resins Profit More Than Doubles to Rs503.3 Million in FY2026

Nimir Resins Limited has reported a strong improvement in its financial performance for the year ended June 30, 2026, with net profit more than doubling compared with the previous year. The company has also recommended a final cash dividend of Rs1.50 per share, equivalent to 15%.

According to the company’s announcement to the Pakistan Stock Exchange (PSX), the Board of Directors approved the audited financial statements for the year ended June 30, 2026, at its meeting held on September 10, 2026.

Revenue and Profit Show Significant Growth

Nimir Resins posted gross revenue of Rs14.49 billion during FY2026, compared with Rs10.97 billion in FY2025. After accounting for sales tax, net revenue reached Rs12.24 billion, up from Rs9.26 billion a year earlier.

The company’s gross profit increased substantially to Rs1.73 billion, compared with Rs935.24 million in FY2025. Operating profit also more than doubled, reaching Rs1.35 billion from Rs663.68 million in the previous year.

After accounting for other operating expenses, finance costs, other income and taxation, Nimir Resins recorded a net profit of Rs503.33 million, compared with Rs249.47 million in FY2025. This represents an increase of more than 100% year-on-year.

The company’s earnings per share (EPS) also improved significantly, rising to Rs3.56 from Rs1.77 a year earlier.

15% Final Cash Dividend Recommended

Alongside the improved earnings, the Board recommended a full and final cash dividend of Rs1.50 per ordinary share, or 15%. No bonus shares or right shares have been recommended.

The dividend recommendation provides shareholders with a direct return following the company’s stronger financial performance during the year.

Balance Sheet Expands

Nimir Resins’ total assets increased to Rs8.24 billion as of June 30, 2026, compared with Rs6.78 billion at the end of FY2025. Current assets stood at Rs6.61 billion, while non-current assets increased to Rs1.64 billion.

The company’s reserves also rose to Rs1.86 billion, compared with Rs1.36 billion in the previous year. Total equity increased to Rs4.19 billion from Rs3.41 billion.

Cash Position and Financing

The cash flow statement shows that Nimir Resins generated Rs518.04 million from operating activities before finance costs, taxes and other related payments. After these payments, however, the company reported net cash used in operating activities of Rs189.53 million.

The company generated Rs316.75 million from financing activities, largely reflecting a net increase of Rs357.76 million in short-term borrowings. Cash and cash equivalents stood at Rs203.72 million at the end of FY2026, compared with Rs152.34 million a year earlier.

AGM Scheduled for October 13

Nimir Resins has scheduled its 62nd Annual General Meeting (AGM) for October 13, 2026, in Lahore at 11:00 a.m. The company’s share transfer books will remain closed from October 7 to October 13, 2026, both days inclusive.

Overall, FY2026 was a significantly stronger year for Nimir Resins, marked by higher revenue, substantial improvement in gross and operating profits, and a more than doubling of net earnings. The proposed 15% cash dividend further highlights the company’s improved profitability and shareholder returns.