Nimir Industrial Chemicals Limited (NICL) has reported improved financial performance for the year ended June 30, 2026, with profit after tax rising to Rs. 2.39 billion, compared with Rs. 2.02 billion in the previous year. The company’s audited results were approved by its Board of Directors at a meeting held on September 9, 2026.

The company’s net revenue increased to Rs. 48.29 billion in FY2026 from Rs. 45.26 billion in FY2025. This improvement was accompanied by higher gross profit, which reached Rs. 7.59 billion, compared with Rs. 6.69 billion a year earlier. Operating profit also strengthened to Rs. 6.28 billion, up from Rs. 5.40 billion.

Profitability Shows Noticeable Improvement

NICL’s profit before income tax and levy increased substantially to Rs. 4.49 billion from Rs. 2.12 billion in FY2025. Finance costs declined to approximately Rs. 1.80 billion, compared with Rs. 2.36 billion in the previous year, helping support the improvement in pre-tax profitability.

After taxation of approximately Rs. 2.09 billion, the company recorded profit after income tax of Rs. 2.39 billion, compared with Rs. 2.02 billion in FY2025. Basic and diluted earnings per share consequently improved to Rs. 21.64, from Rs. 18.29.

Dividend Payout Announced

Alongside the financial results, the Board recommended a final cash dividend of 20%, equivalent to Rs. 2 per share. This is in addition to the 40% interim dividend, or Rs. 4 per share, already paid during the year. The company did not recommend any bonus or right shares.

The dividend announcement highlights the company’s continued focus on returning part of its earnings to shareholders while maintaining its financial position.

Balance Sheet Remains Substantial

NICL’s total assets increased to Rs. 36.00 billion as of June 30, 2026, compared with Rs. 33.31 billion a year earlier. Current assets rose to Rs. 22.31 billion, with stock-in-trade and trade receivables among the major components.

Shareholders’ equity also strengthened, reaching Rs. 11.53 billion, compared with Rs. 9.82 billion in FY2025. The company’s revenue reserve increased to more than Rs. 10.43 billion by the end of the financial year.

The balance sheet also shows that long-term loans declined from Rs. 3.28 billion to approximately Rs. 2.38 billion, while short-term borrowings increased to Rs. 14.28 billion.

Operating Cash Flow Remains Positive

NICL generated Rs. 3.76 billion in cash from operations during FY2026. After payments including finance costs, taxes and other operating obligations, net cash generated from operating activities stood at approximately Rs. 1.36 billion.

The company continued to invest in its operations, with capital expenditure including additions to operating fixed assets and capital work-in-progress. Net cash used in investing activities was approximately Rs. 516 million.

Annual General Meeting Set for October 19

NICL’s 33rd Annual General Meeting is scheduled for October 19, 2026, at 11:00 a.m. in Sheikhupura. The company has announced that its share transfer books will remain closed from October 13 to October 19, 2026, inclusive.

Overall, Nimir Industrial Chemicals closed FY2026 on a stronger note, delivering higher revenue, operating profit and earnings per share while recommending an additional Rs. 2 per share final dividend. The results indicate improved profitability compared with the previous financial year, although the company continues to carry significant short-term financing requirements.