Nishat Chunian Posts More Than Double Profit and Announces Final Dividend

Nishat (Chunian) Limited has reported a significant improvement in profitability for the financial year ended June 30, 2026, with the company’s earnings rising sharply compared with the previous year. Alongside the improved financial performance, the company has recommended a final cash dividend of Rs3 per share.

According to the financial results submitted to the Pakistan Stock Exchange, the company’s standalone revenue increased to Rs86.83 billion in FY2026 from Rs85.43 billion in FY2025. Gross profit also improved considerably, reaching Rs10.58 billion, compared with Rs8.83 billion a year earlier.

The stronger gross profit performance helped lift profit from operations to Rs7.81 billion, up from Rs6.69 billion in the previous year. Despite finance costs remaining substantial at approximately Rs4.94 billion, profit before taxation increased to Rs1.98 billion, compared with Rs905.20 million in FY2025.

After taxation, Nishat Chunian recorded a standalone profit after taxation of Rs1.60 billion, more than double the Rs789.21 million reported for FY2025. Basic and diluted earnings per share consequently increased to Rs6.66 from Rs3.29.

Consolidated Profit Also Shows Strong Improvement

The company’s consolidated financial statements, which include its subsidiary companies, also showed substantial improvement. Consolidated revenue reached Rs86.98 billion, compared with Rs85.51 billion in FY2025.

Consolidated gross profit increased to Rs10.81 billion from Rs8.97 billion. Profit from operations stood at Rs7.78 billion, while profit before taxation rose to Rs1.94 billion from Rs868.81 million.

Following taxation, consolidated profit after tax came in at Rs1.56 billion, compared with Rs751.45 million in the previous year. Consolidated earnings per share increased to Rs6.50 from Rs3.13.

Final Dividend of Rs3 Per Share

Reflecting the financial year’s results, the Board of Directors recommended a final cash dividend of Rs3 per share, equivalent to 30 percent. This is in addition to the interim cash dividend of Rs1 per share, or 10 percent, already paid during FY2026.

This brings the total cash dividend for the year to Rs4 per share, subject to the applicable entitlement and corporate procedures. The company stated that the entitlement applies to shareholders whose names appear in the Register of Members as of October 15, 2026.

Stronger Operating Cash Generation

Nishat Chunian also recorded a major improvement in operating cash generation. Consolidated cash generated from operations increased to Rs12.64 billion in FY2026 from Rs1.63 billion in FY2025.

The company continued to invest heavily in its operations, with consolidated capital expenditure on property, plant and equipment amounting to approximately Rs5.13 billion during the year. At the end of FY2026, consolidated cash and cash equivalents stood at approximately Rs120.57 million.

Annual General Meeting Scheduled for October 23

The company has scheduled its Annual General Meeting for October 23, 2026, at 11:00 a.m. at its registered office in Gulberg II, Lahore. The share transfer books will remain closed from October 16 through October 23, 2026, both days inclusive.

Nishat Chunian said its annual report for the year ended June 30, 2026, will be transmitted through PUCARS at least 21 days before the AGM.

Overall, the FY2026 results show a substantial improvement in Nishat Chunian’s profitability, earnings per share and operating cash generation, while the proposed final dividend adds to the cash distribution already made during the year.