KARACHI: Crescent Steel and Allied Products Limited (PSX: CSAP) has announced its audited financial results for the year ended June 30, 2026, reporting a strong financial performance and recommending a final cash dividend of Rs3.50 per share (35%), in addition to the interim dividend of Rs2.00 per share (20%) already paid during the year. This brings the total cash payout for FY2026 to Rs5.50 per share (55%).
According to the company’s notification to the Pakistan Stock Exchange, the Board of Directors approved both the unconsolidated and consolidated financial statements at its meeting held on July 31, 2026. No bonus shares or right shares were announced.
On an unconsolidated basis, Crescent Steel posted net profit of Rs1.291 billion, compared with Rs1.343 billion recorded in the previous year. Earnings per share (EPS) stood at Rs16.63, slightly lower than Rs17.30 reported in FY2025. Despite the marginal decline in profit, the company achieved robust growth in its core business, with net sales increasing to Rs7.94 billion from Rs6.35 billion a year earlier, while gross profit improved to Rs2.01 billion from Rs1.60 billion.
The company’s operating performance remained solid, although investment income declined during the year, contributing to the slight reduction in overall profitability. Finance costs also decreased significantly, providing support to earnings.
On a consolidated basis, the group reported a net profit of Rs1.533 billion, a sharp turnaround from the loss of Rs43.4 million recorded in FY2025. Consolidated earnings per share improved to Rs19.74, reflecting stronger group-wide profitability.
The Board has announced that shareholders whose names appear in the register of members on October 21, 2026, will be entitled to receive the final dividend, subject to approval at the Annual General Meeting (AGM). The company’s share transfer books will remain closed from October 22 to October 28, 2026.
The AGM is scheduled to be held on October 28, 2026, at 11:00 AM in Lahore, where shareholders will consider the financial statements and the proposed final dividend.
