Media Times Limited has reported a significant financial turnaround for the year ended June 30, 2026, moving from a loss in the previous year to a substantial profit after taxation. The company also disclosed several corporate decisions, including an employee stock option scheme and a proposed share issuance against a long-term loan.

According to the company’s financial statements, Media Times Limited recorded revenue of Rs122.52 million during FY2026, compared with Rs152.94 million in FY2025. Despite the decline in revenue, the company reported a gross profit of Rs53.53 million, while administrative and selling expenses stood at Rs57.72 million.

A major contribution to the improved bottom line came from other income of Rs868.28 million and the company’s share of net profit of an associate of Rs482.76 million. As a result, profit before taxation reached approximately Rs1.299 billion, compared with a loss before taxation of Rs791,977 in the previous year.

After accounting for taxation of Rs138.72 million, Media Times posted a profit after taxation of Rs1.160 billion, compared with a loss of Rs791,977 in FY2025. Earnings per share also improved sharply, reaching Rs6.490 per share, against a loss per share of Rs0.004 previously.

Strong improvement in shareholders’ equity

The company’s statement of financial position also reflects the impact of the improved earnings. Total assets increased to approximately Rs1.495 billion as of June 30, 2026, compared with Rs141.77 million a year earlier. Investment in an associate stood at approximately Rs1.343 billion, making it a significant component of the company’s non-current assets.

Shareholders’ equity turned positive during the year. The company reported total equity of approximately Rs104.87 million at June 30, 2026, compared with negative equity of around Rs1.058 billion at the end of FY2025. Accumulated losses also declined substantially to approximately Rs1.760 billion from Rs2.922 billion.

Comprehensive income also turns positive

Media Times reported total comprehensive income of Rs1.162 billion for FY2026, compared with a comprehensive loss of Rs3.265 million in FY2025. The statement also recorded an actuarial gain of approximately Rs2.05 million related to the defined benefit obligation.

The improvement was reflected in the statement of changes in equity, where total equity moved from a negative Rs1.057 billion at June 30, 2025 to positive Rs104.87 million at June 30, 2026.

Cash position improves

The company generated Rs4.84 million in cash from operations during FY2026. Investing activities included proceeds of Rs860 million from the sale of media rights, while an equivalent Rs860 million was shown as an investment in an associate.

As a result, cash and cash equivalents increased from approximately Rs8.04 million to Rs12.74 million during the year.

No cash dividend announced

The company’s board recommended no bonus shares, no cash dividend and no right issue in connection with the financial results for the year ended June 30, 2026.

At the same time, the board approved an Employee Stock Option Scheme (ESOS) covering up to 59.617 million shares, including for executive directors, at Rs9 per share, subject to the required corporate and regulatory approvals. The board also approved issuance of shares otherwise than to Sisley Group Company Limited against a long-term loan principal amount of approximately Rs822.985 million, also at Rs9 per share.

The company has also scheduled its Annual General Meeting for October 28, 2026, while its share transfer books are set to remain closed from October 21 to October 28, 2026, inclusive.

Conclusion

Media Times Limited’s FY2026 results show a substantial change in its financial position, with the company moving from a loss in FY2025 to a profit after taxation of more than Rs1.16 billion. The increase in investment in its associate, recognition of other income and the resulting improvement in shareholders’ equity were key features of the reported financial statements.

For investors and market observers, the FY2026 results provide an important picture of the company’s financial position, while the proposed employee stock option scheme, share issuance and upcoming annual general meeting are among the key corporate developments to watch.