GOC (Pak) Limited has reported a significant improvement in its financial performance for the year ended June 30, 2026, with profit after taxation more than doubling compared with the previous year. The company has also recommended a final cash dividend of Rs2.00 per share, equivalent to 20%.
According to the financial results announced on September 18, 2026, GOC (Pak) posted revenue of Rs508.78 million, compared with Rs472.32 million in 2025. This represents an increase of around 7.7%. Gross profit also improved to Rs174.55 million, up from Rs163.06 million a year earlier.
The improvement was more pronounced at the bottom line. Profit before taxation rose to Rs68.89 million, compared with Rs35.15 million in the previous year. After taxation, the company recorded profit of Rs52.47 million, up from Rs25.83 million in 2025. This translates into an increase of more than 100% year on year. Earnings per share consequently increased to Rs7.14 from Rs3.51.
A notable factor behind the stronger operating result was the reduction in several expense categories. Distribution costs declined to Rs27.74 million from Rs29.14 million, while administrative expenses fell substantially to Rs77.43 million from Rs95.51 million. Other expenses also dropped to Rs9.51 million from Rs23.44 million.
The company’s financial position also strengthened during the year. Total equity increased to Rs722.74 million as of June 30, 2026, compared with Rs677.27 million a year earlier. Reserves rose to Rs649.24 million from Rs603.78 million. Total assets stood at Rs808.37 million, compared with Rs769.86 million in 2025.
On the asset side, stock-in-trade increased significantly to Rs369.47 million from Rs292.13 million, while trade debts rose to Rs29.40 million from Rs13.04 million. Cash and bank balances, however, declined to Rs67.59 million from Rs91.48 million at the end of the previous financial year.
The company’s cash-flow statement shows that cash generated from operations turned negative during the year. Net cash used in operating activities amounted to Rs54.62 million, compared with net cash generated of Rs21.47 million in 2025. Meanwhile, investing activities generated net cash of Rs38.05 million, while Rs7.31 million was used in financing activities, mainly for dividend payments. Cash and cash equivalents consequently fell by Rs23.88 million during the year to Rs67.59 million.
Despite the decline in cash balances, the board recommended a final cash dividend of Rs2.00 per share for the year ended June 30, 2026. The previous year’s final dividend was Rs1.00 per share, according to the statement of changes in equity.
The company’s Annual General Meeting is scheduled for October 14, 2026, at 11:00 a.m. in Sialkot. The share transfer books will remain closed from October 7 to October 14, 2026, inclusive, according to the company’s announcement.
Overall, GOC (Pak)’s 2026 results show a year of substantially higher profitability, supported by revenue growth and lower operating expenses. The sharp rise in earnings and the proposed increase in dividend distribution are key highlights of the company’s latest financial results, while the negative operating cash flow and lower year-end cash balance remain important figures for readers to consider when assessing the company’s financial performance.
