KARACHI: Shabbir Tiles & Ceramics Limited has announced its financial results for the year ended June 30, 2026, reporting a net loss of Rs802.1 million, compared with a loss of Rs192.1 million in the previous financial year.
According to the financial statements submitted to the Pakistan Stock Exchange, the company recorded net turnover of Rs11.899 billion during FY2026, down from Rs13.847 billion in FY2025. Gross profit also declined to Rs1.876 billion, compared with Rs2.748 billion a year earlier.
The company’s operating position also weakened during the year. Shabbir Tiles reported an operating loss of Rs649.2 million, against an operating loss of Rs37.1 million in FY2025. Finance costs increased to approximately Rs309.9 million, compared with Rs179.0 million in the preceding year.
After accounting for other expenses and taxation, the company posted a loss before taxation of Rs968.9 million. The final loss for the year stood at Rs802.1 million, resulting in a basic and diluted loss per share of Rs3.35, compared with a loss per share of Rs0.80 in FY2025.
No Dividend Announced
The company’s Board of Directors recommended no cash dividend, bonus shares or right shares for the year ended June 30, 2026. The company also reported no other price-sensitive information or corporate action in its notice to the Pakistan Stock Exchange.
Equity Position Declines
The financial statements show that total equity fell to approximately Rs1.847 billion at June 30, 2026, compared with Rs2.649 billion a year earlier. The accumulated losses reached Rs277.1 million, compared with an accumulated profit of Rs525.0 million at the end of FY2025.
Total assets stood at approximately Rs9.458 billion, compared with Rs7.942 billion in the previous year. The increase in assets was accompanied by a significant rise in liabilities, with total liabilities reaching about Rs7.612 billion.
Cash Flow and Investment Activity
The cash flow statement shows that the company used approximately Rs1.483 billion in operating activities during FY2026. It also spent around Rs994.8 million on investing activities, including capital expenditure on property, plant and equipment. Financing activities generated approximately Rs2.550 billion during the year.
Cash and cash equivalents stood at approximately Rs257.3 million at the end of June 2026, compared with Rs185.4 million at the end of FY2025.
Annual General Meeting Set for October 22
Shabbir Tiles & Ceramics has scheduled its Annual General Meeting for October 22, 2026, at 10:30 AM in Karachi. The company’s share transfer books will remain closed from October 15 to October 22, 2026, according to the notice issued to the Pakistan Stock Exchange.
The financial statements were authorized for issue in September 2026 by the company’s Board of Directors.
Overall, the FY2026 results reflect a challenging year for Shabbir Tiles & Ceramics, marked by lower turnover, reduced gross profit, higher operating losses and a substantial increase in the company’s annual net loss compared with FY2025.
