Fast Cables Limited has reported a significant improvement in profitability for the financial year ended June 30, 2026, with revenue, operating profit and net earnings all recording strong year-on-year growth.

According to the company’s financial statements, revenue increased to Rs. 38.72 billion during FY2026, compared with Rs. 31.86 billion in the previous year. This represents growth of around 21.5%. Gross profit also rose substantially to Rs. 7.23 billion, from Rs. 5.38 billion a year earlier.

The improvement at the operating level was particularly notable. Fast Cables posted an operating profit of Rs. 5.07 billion, compared with Rs. 3.48 billion in FY2025, reflecting growth of approximately 45.5%.

After accounting for other operating expenses, finance costs and other income, the company reported profit before taxation of Rs. 3.38 billion, up from Rs. 2.14 billion in the preceding year.

Net Profit Jumps 66%

Fast Cables’ net profit increased to Rs. 2.11 billion, compared with Rs. 1.27 billion in FY2025. The increase translates into a year-on-year growth of nearly 66%.

Earnings per share also improved considerably, rising to Rs. 3.28 from Rs. 1.97 previously. The company’s total comprehensive income stood at Rs. 2.11 billion, compared with Rs. 1.27 billion in the previous year.

The financial results show that the company maintained strong revenue growth while achieving a substantial improvement in profitability.

Board Recommends 15% Cash Dividend

Alongside the annual financial results, the Board of Directors recommended a final cash dividend of 15%, equivalent to Rs. 1.50 per share, for shareholders.

The company did not recommend any bonus shares, right shares or other corporate action. The announcement was made following the board meeting held on August 18, 2026.

Balance Sheet Expands

Fast Cables’ total assets increased to Rs. 39.87 billion as of June 30, 2026, compared with Rs. 35.01 billion a year earlier.

Non-current assets rose to Rs. 10.40 billion, while current assets increased to Rs. 29.47 billion. Trade debts climbed to Rs. 12.60 billion from Rs. 7.83 billion, while advances increased to Rs. 4.70 billion.

Shareholders’ equity also strengthened, reaching Rs. 16.36 billion, compared with Rs. 14.52 billion at the end of FY2025.

Cash Flow Remains an Area to Watch

Despite the strong reported earnings, the company recorded net cash used in operating activities of Rs. 1.14 billion during FY2026. This was an improvement from the Rs. 1.52 billion operating cash outflow recorded in FY2025.

The company also invested in capital work in progress and advances, while its short-term investments were actively managed during the year. Financing activities generated net cash of approximately Rs. 1.46 billion, mainly supported by an increase in short-term borrowings.

As a result, cash and cash equivalents declined to Rs. 364 million at the end of FY2026 from Rs. 830 million a year earlier.

Overall, Fast Cables closed FY2026 with stronger revenue generation and a marked improvement in profitability. The higher earnings, improved operating performance and proposed Rs. 1.50-per-share final dividend highlight a positive financial year for the company, although its cash-flow position and higher short-term borrowings remain important factors for investors to monitor.