KARACHI: Itanz Technologies Limited delivered a remarkable financial performance for the year ended June 30, 2026, reporting a more than fivefold increase in net profit as higher revenues, stronger operating margins, and significant notional income boosted earnings. The company also recorded a substantial expansion in its balance sheet following strategic corporate developments.
According to the company’s standalone financial statements, revenue from contracts with customers rose to Rs758.2 million in FY2026, compared with Rs441.5 million a year earlier, reflecting robust business growth. Gross profit climbed to Rs490.0 million from Rs298.7 million, supported by improved operational performance.
Operating profit increased sharply to Rs481.5 million, compared with Rs281.3 million in the previous year. The company also recognized Rs1.35 billion in notional income and booked a share of profit from its subsidiary, significantly lifting profitability before taxation.
As a result, profit after tax surged to Rs1.75 billion, compared with Rs344.8 million in FY2025. Basic earnings per share (EPS) stood at Rs15.88, while diluted EPS also reached Rs15.88, reflecting the strong earnings performance during the year.
The company’s financial position strengthened considerably during the year. Total assets expanded to Rs4.76 billion from Rs933.2 million a year earlier, driven primarily by a significant increase in long-term investments, which reached Rs4.43 billion. Total equity also increased to Rs2.65 billion, compared with Rs626.6 million at the end of FY2025.
On the cash flow front, operating activities recorded a net cash outflow of Rs225.5 million, while financing activities generated Rs239.8 million, largely supported by share deposit money received during the year. The company ended FY2026 with cash and bank balances of Rs21.7 million.
The consolidated financial statements also reflected solid growth, with consolidated revenue rising to Rs767.2 million and consolidated profit after tax increasing to Rs583.4 million. Consolidated total assets expanded to Rs7.09 billion, while total equity reached Rs5.74 billion, highlighting the impact of the group’s expanded operations and strategic investments.
The FY2026 results underscore Itanz Technologies’ transformation during the year, with strong operational growth complemented by corporate restructuring and investment-related gains that significantly enhanced shareholder value.
