Karachi: Arif Habib Corporation Limited (AHCL) has reported a strong financial performance for the nine months ended March 31, 2026, driven by improved earnings from its associated companies and diversified business portfolio. The company’s Board of Directors approved the financial results at its meeting held on April 28, 2026. No cash dividend, bonus shares, or other corporate actions were announced alongside the results.
According to the consolidated financial statements, AHCL posted a profit attributable to equity holders of Rs9.28 billion, compared to Rs7.49 billion in the corresponding period last year, reflecting a year-on-year increase of approximately 24%. Consolidated earnings per share (EPS) improved to Rs2.20, up from Rs1.78 a year earlier. Total consolidated profit for the period reached Rs9.77 billion, while quarterly profit stood at Rs3.06 billion.
The company generated consolidated revenue of Rs6.42 billion during the nine-month period, supported by gains from investment sales, investment properties, and a higher share of profits from equity-accounted investees. Profit before tax rose to Rs12.01 billion, despite higher administrative expenses and finance costs.
On an unconsolidated basis, AHCL recorded a profit after tax of Rs17.12 billion, slightly lower than Rs18.25 billion reported in the same period last year. Standalone EPS stood at Rs4.06, compared with Rs4.33 previously. Management attributed the weaker third-quarter standalone performance primarily to mark-to-market losses resulting from the decline in the KSE-100 Index, while emphasizing that the company’s overall nine-month performance remained robust.
The directors highlighted that Pakistan’s improving macroeconomic environment, supported by easing inflation, stable foreign exchange reserves, and the IMF programme, created a more favorable operating landscape during the period. The company also noted continued resilience across its diversified portfolio spanning fertilizers, cement, steel, financial services, real estate, renewable energy, and aviation investments.
AHCL further disclosed that the consortium led by the company is progressing with the acquisition of a 75% stake in Pakistan International Airlines Corporation Limited (PIACL) under the government’s privatization programme. The company stated that management control is expected to be transferred upon completion of the remaining formalities, while the consortium has also exercised its option to acquire the remaining 25% government shareholding within the stipulated timeline.
The directors reported encouraging performances from several subsidiaries and associated companies during the period. Javedan Corporation, Power Cement, Arif Habib Limited, Sachal Energy Development Limited, and Aisha Steel Mills all contributed positively to the group’s consolidated earnings, reinforcing the benefits of AHCL’s diversified investment strategy.
Looking ahead, the company remains optimistic about Pakistan’s economic recovery and expects improved business activity to support future earnings. Management believes that potential tax relief measures, continued recovery in the equity market, and strategic investments—including the PIA acquisition—will strengthen the group’s long-term growth prospects, while remaining mindful of geopolitical risks that could impact the global economy.
