Sapphire Fibres Limited has announced its financial results for the year ended June 30, 2026, reporting a profit after tax of Rs. 2.56 billion on a standalone basis, compared with Rs. 13.68 billion in the previous year. The company’s Board of Directors also approved a final cash dividend of Rs. 10 per share, equivalent to 100%.
According to the financial statements, Sapphire Fibres recorded sales of Rs. 50.98 billion during FY2026, slightly higher than Rs. 50.56 billion reported in FY2025. However, gross profit declined to Rs. 4.06 billion from Rs. 4.45 billion, while finance costs increased to Rs. 2.61 billion from Rs. 2.08 billion.
The company’s other income stood at Rs. 5.59 billion, compared with Rs. 18.86 billion a year earlier. This contributed to a significant reduction in profit from operations, which fell from Rs. 20.33 billion in FY2025 to Rs. 6.65 billion in FY2026. Profit after tax subsequently declined to Rs. 2.56 billion, with basic and diluted earnings per share reported at Rs. 117.98, against Rs. 661.62 in the previous year.
Despite the decline in annual earnings, the company maintained a dividend payout. The Board approved a final cash dividend of Rs. 10 per share for the year ended June 30, 2026. The company has also scheduled its Annual General Meeting for October 28, 2026, at the Institute of Business Administration in Karachi, with participation also available through video conference.
Consolidated performance
On a consolidated basis, Sapphire Fibres reported sales of Rs. 59.59 billion, down from Rs. 62.44 billion in FY2025. Gross profit declined to Rs. 4.75 billion from Rs. 6.08 billion. However, other income increased to Rs. 1.98 billion from Rs. 1.52 billion, while the impact of the Amendment Agreement with CPPA-G was substantially lower than the previous year’s figure.
The consolidated results also included Rs. 6.03 billion in share of profit from associated companies, compared with Rs. 38.84 billion in FY2025. As a result, consolidated profit after taxation stood at Rs. 5.10 billion, compared with Rs. 33.43 billion a year earlier. Profit attributable to shareholders of the parent company was Rs. 4.88 billion, while consolidated earnings per share attributable to shareholders were Rs. 235.85.
The balance sheet nevertheless expanded during the year. Standalone total assets increased to Rs. 113.86 billion from Rs. 83.67 billion, while shareholders’ equity rose to Rs. 65.49 billion from Rs. 50.61 billion. On a consolidated basis, total assets reached Rs. 163.69 billion, compared with Rs. 126.39 billion at the end of FY2025.
The company’s cash-flow statement shows that standalone operations used Rs. 13.87 billion in cash during FY2026, while financing activities generated Rs. 12.62 billion. Consolidated operating activities used Rs. 16.96 billion, whereas financing activities generated Rs. 13.33 billion. Consolidated cash and cash equivalents stood at Rs. 2.17 billion at June 30, 2026.
The company said its share transfer books will remain closed from October 22 to October 28, 2026, inclusive, for purposes related to the Annual General Meeting. The annual report is to be transmitted through PUCARS at least 21 days before the AGM.
