NETS International Communication Limited (NICL) reported a strong financial performance for the nine months ended March 31, 2026, posting a significant increase in profitability driven by robust revenue growth and a substantial rise in other income. The company’s board of directors approved the unaudited financial results in its meeting held on April 30, 2026. No interim cash dividend, bonus shares, or right shares were announced for the period.
According to the financial statements, NETS International’s revenue surged to Rs1.51 billion during the nine-month period, compared to Rs1.06 billion in the corresponding period last year, reflecting a growth of nearly 43%. Gross profit rose to Rs341.34 million from Rs258.58 million, highlighting the company’s ability to expand operations despite higher costs.
Profit after taxation increased to Rs54.05 million, up 49% from Rs36.28 million recorded in the same period of the previous year. Earnings per share (EPS) improved to Rs1.47 compared with Rs1.10 a year earlier. The improvement came despite a sharp rise in administrative and operating expenses, supported by a significant jump in other income, which reached Rs171.41 million against Rs5.24 million in the prior-year period.
For the third quarter alone, the company generated revenue of Rs485.76 million, while quarterly profit after tax stood at Rs12.79 million. Quarterly EPS was reported at Rs0.35 per share.
On the balance sheet front, total assets expanded to Rs1.66 billion as of March 31, 2026, compared to Rs1.09 billion at the end of June 2025. Shareholders’ equity increased to Rs516.23 million from Rs462.18 million, reflecting the accumulation of profits during the period.
The company’s cash and bank balances stood at Rs19.49 million at the end of March 2026, while net cash used in operating activities amounted to Rs27.0 million during the nine-month period. NETS International continued investing in its operations, with capital expenditures on property, plant and equipment totaling Rs37.77 million.
Management stated that the detailed quarterly report for the period ended March 31, 2026, will be disseminated through the prescribed regulatory channels within the stipulated timeframe.
