Loads Limited, a manufacturer of automotive radiators, exhaust systems and sheet metal components, has reported a significant improvement in profitability for the financial year ended June 30, 2026, according to its financial results submitted to the Pakistan Stock Exchange.

The company’s Board of Directors, in a meeting held on September 17, 2026, considered the financial results and recommended no cash dividend, bonus shares or right shares from the current year’s results. The company also announced that its Annual General Meeting will be held on October 20, 2026, in Karachi.

Revenue and Profitability Improve

Loads Limited posted consolidated revenue of Rs7.58 billion for FY2026, compared with Rs6.03 billion in the previous year. This represents an increase of around 25.7% year on year.

The company’s consolidated gross profit also increased to Rs1.73 billion, compared with Rs1.32 billion a year earlier. Operating profit stood at approximately Rs1.16 billion, while profit before income tax reached Rs809.6 million, compared with Rs586.3 million in FY2025.

After taxation, consolidated profit for the year reached Rs270.9 million, substantially higher than the Rs81.9 million reported for the previous year.

Profit attributable to owners of the parent company stood at Rs416.5 million, compared with Rs263.2 million in FY2025. However, the consolidated results also reflected a loss attributable to non-controlling interests of approximately Rs145.5 million.

The company’s basic and diluted earnings per share increased to Rs1.40 from Rs0.97, indicating an improvement in earnings on a per-share basis.

Standalone Profit Also Moves Higher

On an unconsolidated basis, Loads Limited reported revenue of Rs7.58 billion, up from Rs6.03 billion in FY2025.

Gross profit increased to Rs1.77 billion, compared with Rs1.34 billion previously. Profit before income taxes rose to Rs1.04 billion, from approximately Rs797 million.

Standalone profit for the year reached Rs562.9 million, compared with Rs495.2 million in the previous year. Earnings per share consequently improved to Rs1.90 from Rs1.83.

Capital Position Strengthened Through Right Shares

The financial statements also show a major change in the company’s share capital during FY2026.

Issued, subscribed and paid-up capital increased from Rs2.51 billion to Rs3.71 billion following the issuance of right shares. The statement of changes in equity records the issue of right shares amounting to Rs1.5 billion, comprising Rs1.2 billion in share capital and Rs300 million in share premium.

The company incurred approximately Rs62.9 million in costs related to the issuance of right shares.

Following these changes, consolidated equity attributable to owners of the parent company stood at approximately Rs5.31 billion, while total consolidated equity reached Rs4.23 billion after accounting for non-controlling interests.

Cash Flow Shows Positive Operating Generation

Loads Limited generated Rs195.7 million in net cash from operating activities on a consolidated basis during FY2026, compared with Rs675.8 million in the previous year.

The company invested approximately Rs246.8 million in investing activities, primarily reflecting purchases of investments and property, plant and equipment.

Financing activities generated approximately Rs178.5 million, supported by proceeds from the right-share issue and other financing movements. As a result, the consolidated cash position at year-end stood at approximately Rs141.0 million.

On a standalone basis, net cash generated from operating activities was approximately Rs659.1 million, compared with Rs478.7 million in FY2025.

No Dividend Announced

Despite the improvement in earnings, the company has recommended no cash dividend and no bonus shares for the year ended June 30, 2026. The filing also states that no right shares were recommended as part of the current results.

The company’s share transfer books will remain closed from October 13 to October 20, 2026, both days inclusive, in connection with the AGM and related corporate formalities.

AGM Scheduled for October 20

Loads Limited’s Annual General Meeting is scheduled for Tuesday, October 20, 2026, at 10:00 a.m. in Karachi. The company stated that its annual report for the year ended June 30, 2026, will be transmitted through PUCAR 21 days before the AGM.

Overall, the FY2026 financial statements show higher revenue and improved profitability for Loads Limited, alongside a significant strengthening of its paid-up capital following the right-share issuance. The results provide shareholders with a detailed picture of the company’s financial performance, capital structure and cash-flow position during the year.