KARACHI: AKD Hospitality Limited reported a strong improvement in its financial performance for the nine-month period ended March 31, 2026, posting a significant increase in profitability despite flat revenue, supported by higher other income.
According to the company’s financial results, revenue from contracts with customers remained unchanged at Rs4.5 million, matching the same period last year. However, administrative and general expenses edged up to Rs2.78 million from Rs2.71 million, slightly reducing gross profit to Rs1.72 million compared with Rs1.79 million in the corresponding period of 2025.
The company benefited from other income of Rs1.36 million, which lifted profit before income tax and levy to Rs3.03 million, up from Rs1.75 million a year earlier. After accounting for levy and taxation, profit after tax and levy increased to Rs2.37 million, representing a growth of around 35% compared to Rs1.75 million recorded in the same period last year.
As a result, earnings per share (EPS) improved to Rs0.95, compared with Rs0.70 in the corresponding nine-month period of FY2025, reflecting the company’s stronger earnings performance.
Despite the improved profitability, total comprehensive income declined to Rs0.87 million from Rs18.51 million last year due to unrealized losses on investments and realized losses from investment disposals recognized in other comprehensive income.
The company’s financial position also strengthened during the period. Total assets increased to Rs46.76 million as of March 31, 2026, from Rs45.04 million at the end of June 2025, while total equity rose to Rs37.89 million, reflecting the positive impact of retained earnings. Cash and bank balances stood at Rs12.37 million at the end of the reporting period.
The Board of Directors did not recommend any interim cash dividend, bonus shares, right shares, or any other corporate action for the period under review.
