Ghani Global Glass Posts Rs135 Million Profit in FY2026 Despite Higher Costs

Ghani Global Glass Limited has reported a profitable financial year ended June 30, 2026, although the company’s earnings came under pressure compared with the previous year. According to the company’s financial results submitted to the Pakistan Stock Exchange, net profit declined to Rs135.04 million, compared with Rs300.63 million in FY2025. 283751

The company recorded net sales of Rs2.899 billion during FY2026, slightly lower than Rs2.932 billion in the preceding year. Gross profit also decreased to Rs733.63 million, from Rs755.46 million a year earlier.

The pressure became more visible at the operating level. Ghani Global Glass reported an operating profit of Rs559.63 million, compared with Rs642.88 million in FY2025. Administrative expenses increased to Rs143.88 million from Rs93.75 million, while selling and distribution expenses rose to Rs30.12 million from Rs18.84 million.

Higher financial costs also weighed on profitability. Finance cost stood at approximately Rs349.22 million, compared with Rs346.37 million in the previous year. As a result, profit before levy and taxation fell to Rs180.13 million from Rs350.09 million.

After levy/final taxation and income tax, the company posted net profit of Rs135.04 million, translating into basic and diluted earnings per share of Rs0.57, down from Rs1.25 in FY2025. 283751

Stronger Asset Base

Despite the decline in earnings, Ghani Global Glass ended the year with a stronger equity position. Total assets increased to approximately Rs7.264 billion as of June 30, 2026, compared with Rs6.206 billion a year earlier.

A major factor behind the increase in equity was a Rs858.69 million revaluation surplus on land. Total equity consequently rose to approximately Rs3.852 billion, compared with Rs2.860 billion at the end of FY2025. 283751

The company also reported total comprehensive income of Rs993.73 million for FY2026, substantially above the Rs300.63 million recorded in the previous year, largely reflecting the land revaluation.

Cash Flow Remains an Important Focus

Cash generation from operations remained positive during the year. Ghani Global Glass generated Rs251.83 million in net cash from operating activities, although this was lower than Rs367.33 million in FY2025.

The company invested significantly in its operations, with cash used in investing activities reaching approximately Rs316.72 million. This included spending on property, plant and equipment as well as capital work in progress.

Financing activities generated a net Rs30.49 million during the year. Overall, cash and cash equivalents declined from Rs170.22 million at June 30, 2025 to Rs135.82 million at June 30, 2026. 283751

No Dividend Declared

The company’s board recommended no cash dividend, bonus shares or right shares for FY2026. The financial results notice also stated that Ghani Global Glass will hold its Annual General Meeting on October 27, 2026, at its registered office in Lahore. The share transfer books are scheduled to remain closed from October 21 to October 27, 2026. 283751

Outlook

Ghani Global Glass enters the new financial year with a considerably stronger reported equity base but faces the challenge of restoring profitability. The decline in operating earnings, rising administrative and selling expenses, and continued financing costs will remain key areas for investors to watch.

While FY2026 earnings were substantially below the previous year, the company maintained profitability and strengthened its balance sheet, supported significantly by the revaluation of land. The next phase will depend on whether the company can improve sales performance, control costs and translate its asset base into stronger recurring earnings.

Source: Ghani Global Glass Limited financial results for the year ended June 30, 2026. 283751