Diamond Industries Posts Rs38.26 Million Profit, Declares 10% Final Cash Dividend
Diamond Industries Limited has reported a significant improvement in its financial performance for the year ended June 30, 2026, moving from a substantial loss in the previous year to a healthy profit while also announcing a final cash dividend for shareholders.
According to the company’s financial results, Diamond Industries recorded net sales of approximately Rs693.87 million during FY2026, compared with around Rs181.10 million in the previous year. The sharp increase in sales helped the company generate a gross profit of approximately Rs62.94 million, compared with a gross loss of about Rs10.88 million in FY2025. 284329
Company Returns to Profitability
The company reported an operating profit of approximately Rs43.70 million, compared with an operating loss of around Rs153.34 million in the previous year. After finance costs, share of profit from an associated company and other adjustments, Diamond Industries posted a profit before tax of approximately Rs35.83 million.
After accounting for income tax, the company recorded a profit after tax of Rs38.26 million, a major turnaround from the loss of Rs153.76 million reported for FY2025. Earnings per share also improved considerably, rising to Rs4.25 per share from a loss per share of Rs17.08 in the preceding year. 284329
Strong Improvement in Comprehensive Income
The company’s overall financial position was further supported by gains recorded through other comprehensive income. The statement shows an unrealized gain arising from the remeasurement of investments available for sale of approximately Rs226.18 million, partly offset by related deferred tax.
As a result, Diamond Industries reported total comprehensive income of approximately Rs230.52 million for FY2026, compared with a comprehensive loss of approximately Rs44.50 million in FY2025. 284329
Cash Dividend Announced
Alongside the improved financial results, the company’s board announced a final cash dividend of Rs1 per share, equivalent to 10%, for the year ended June 30, 2026. The company did not announce any bonus shares, right shares or other corporate entitlement in the notification. 284329
The company’s annual general meeting is scheduled for October 27, 2026, at 11:00 a.m. at its registered office in Gadoon Amazai Industrial Estate, Swabi, Khyber Pakhtoonkhwa.
Balance Sheet Strengthens
Diamond Industries’ statement of financial position also shows a notable increase in shareholders’ equity. Total equity reached approximately Rs423.11 million at June 30, 2026, compared with approximately Rs202.18 million a year earlier.
Total assets increased to approximately Rs802.16 million, from Rs480.38 million in FY2025. Current assets also increased substantially, reaching approximately Rs143.12 million, while cash and bank balances stood at approximately Rs7.41 million at the end of the financial year. 284329
Cash Flow Remains an Area to Watch
Despite the return to profitability, the cash-flow statement indicates that the company recorded net cash used in operating activities of approximately Rs25.10 million during FY2026. Working-capital movements, particularly increases in stock in trade and trade debts, contributed to the operating cash outflow.
On the other hand, investing activities generated approximately Rs29.93 million, while financing activities generated around Rs0.24 million. Overall, cash and cash equivalents increased from approximately Rs2.34 million to Rs7.41 million during the year. 284329
Outlook
Diamond Industries’ FY2026 results represent a substantial financial turnaround. The combination of higher sales, a return to gross and operating profitability, stronger shareholders’ equity and the declaration of a cash dividend marks a significant improvement compared with the previous financial year.
The sharp rise in revenue and profitability will likely be closely watched by investors as the company moves into the new financial year. At the same time, its operating cash flow and working-capital requirements remain important factors to monitor.
Overall, FY2026 marks a considerably stronger year for Diamond Industries, with the company not only returning to profitability but also rewarding shareholders through a 10% final cash dividend.
