Karachi: Next Capital Limited has reported a sharp improvement in profitability for the nine months ended March 31, 2026, with its profit after tax rising to Rs58.35 million, compared with Rs16.38 million in the corresponding period last year.
According to the company’s unaudited condensed interim financial statements, the latest result represents an increase of approximately 256% year-on-year, reflecting a significant improvement in the company’s financial performance.
Revenue rises strongly
Next Capital’s operating revenue increased to Rs357.21 million during the nine-month period, compared with Rs212.54 million a year earlier. This translates into growth of around 68%.
After accounting for realized gains on the sale of investments and an unrealized loss on the revaluation of investments under the margin trading system, the company recorded net operating revenue of approximately Rs354.06 million, up from Rs209.88 million in the same period of 2025.
The company also recorded a realized capital gain of Rs548,171, while an unrealized loss of Rs3.70 million was recognized on the revaluation of investments in the margin trading system.
Profitability improves significantly
The company’s operating and administrative expenses remained substantial at Rs188.09 million and Rs148.00 million, respectively, during the nine months.
Despite these costs, Next Capital reported profit before levy and taxation of Rs71.06 million, compared with Rs34.25 million in the corresponding period last year.
After taxation of approximately Rs12.71 million, the company posted a net profit of Rs58.35 million, compared with Rs16.38 million in the same period of 2025.
Earnings per share also improved considerably, reaching Rs1.03 for the nine-month period, against Rs0.29 a year earlier.
Strong turnaround in the third quarter
The company’s performance was particularly notable during the quarter ended March 31, 2026.
Next Capital recorded operating revenue of Rs168.86 million during the three-month period, compared with Rs56.08 million in the same quarter last year.
The company generated a profit after tax of Rs50.11 million in the quarter, reversing a loss of Rs6.65 million recorded in the same period of 2025.
Quarterly earnings per share stood at Rs0.88, compared with a loss per share of Rs0.12 a year earlier. The figures indicate that the bulk of the nine-month profit improvement came during the latest quarter.
Outlook
The financial results point to a substantial improvement in Next Capital’s earnings performance during the first nine months of FY2026. Stronger operating revenue, improved profitability and the sharp quarterly turnaround have strengthened the company’s overall financial position compared with the previous year.
The financial statements were approved and signed by the company’s Chief Executive Officer, Chief Financial Officer and Director, as shown in the submitted report.
