Zuma Resources Swings to Strong Profit in Nine-Month Period
Zuma Resources Limited has reported a significant improvement in its financial performance for the nine months ended March 31, 2026, posting a profit after tax of Rs61.23 million, compared with a loss of Rs4.65 million recorded during the same period last year. The company disclosed the results following a meeting of its Board of Directors held on April 20, 2026.
According to the company’s condensed interim financial statements, revenue from contracts with customers reached Rs72.62 million during the nine-month period, while the cost of revenue stood at approximately Rs3.10 million. This resulted in a gross profit of Rs69.52 million. In the corresponding period of 2025, the company had reported no revenue and a loss of Rs4.65 million.
Profitability Shows Major Improvement
Zuma Resources recorded Rs61.95 million in profit before levies and taxation, compared with a loss of Rs4.73 million in the same period of the previous year. After accounting for levies of Rs726,163, profit before taxation stood at Rs61.23 million.
The company reported no current or deferred taxation for the period, resulting in a net profit of Rs61.23 million. Basic and diluted earnings per share improved substantially to Rs4.34, compared with a loss per share of Rs0.33 in the nine months ended March 2025.
The quarterly figures also remained positive. For the quarter ended March 31, 2026, Zuma Resources recorded revenue of Rs61.92 million and a gross profit of Rs59.90 million. Profit after tax for the quarter was approximately Rs56.96 million, translating into earnings per share of Rs4.04.
Equity Position Turns Positive
The company’s financial position also showed a notable improvement. Accumulated losses declined from Rs149.80 million as of June 30, 2025, to Rs88.57 million by March 31, 2026.
As a result, total equity moved from a negative position of approximately Rs8.80 million at June 30, 2025, to Rs64.58 million at March 31, 2026. The company also recorded a Rs12.15 million loan from directors during the period.
Cash Flow Remains an Area to Watch
Despite the reported profit, the cash-flow statement highlights some pressure on operating cash generation. Zuma Resources reported net cash used in operating activities of Rs9.83 million during the nine months, compared with Rs77.66 million of cash generated from operating activities in the same period of 2025. A major factor was an increase in trade receivables of approximately Rs69.68 million.
The company generated Rs42.49 million from investing activities, primarily reflecting an advance against the sale of an asset, while Rs31.16 million was used in financing activities. Cash and cash equivalents nevertheless increased to Rs2.34 million at the end of March 2026, compared with Rs811.54 million? No—the reported comparative figure was Rs811,538, according to the cash-flow statement.
No Dividend or Other Corporate Action
The Board recommended no cash dividend, bonus shares, right shares, or other entitlement/corporate action for the period. The company said the detailed quarterly report would be transmitted separately through PUCARS within the specified timeframe.
