Nimir Industrial Chemicals Limited (NICL) has reported improved financial performance for the year ended June 30, 2026, with profit after tax rising to Rs2.39 billion, compared with Rs2.02 billion in the previous year.

According to the company’s audited financial results, net revenue increased to Rs48.29 billion in FY2026 from Rs45.26 billion a year earlier. The improvement in revenue was accompanied by higher gross profit, which reached Rs7.59 billion, up from Rs6.69 billion in FY2025.

Profitability improves significantly

Nimir Industrial Chemicals recorded an operating profit of Rs6.28 billion during FY2026, compared with Rs5.40 billion in the preceding year. Finance costs also declined substantially to Rs1.80 billion, from Rs2.36 billion in FY2025, helping strengthen profit before tax.

Profit before income tax and levy increased to Rs4.49 billion, compared with Rs2.74 billion in FY2025. After taxation of approximately Rs2.09 billion, the company posted profit after tax of Rs2.39 billion, compared with Rs2.02 billion a year earlier. Earnings per share consequently improved from Rs18.29 to Rs21.64.

Balance sheet expands

The company’s total assets stood at Rs36.00 billion as of June 30, 2026, compared with Rs33.31 billion at the end of FY2025.

Current assets increased to Rs22.31 billion, with stock-in-trade rising to Rs10.75 billion and trade receivables reaching Rs8.91 billion. Meanwhile, shareholders’ equity increased to Rs11.53 billion, compared with Rs9.82 billion a year earlier, supported by growth in retained earnings.

The company also reduced its long-term loans from Rs3.28 billion to Rs2.38 billion, although short-term borrowings increased to Rs14.28 billion from Rs12.99 billion.

Shareholders to receive additional dividend

The Board of Directors has recommended a final cash dividend of 20%, equivalent to Rs2 per share, in addition to the 40% interim dividend, or Rs4 per share, already paid during the year.

This brings the total dividend announced for FY2026 to Rs6 per share, subject to the applicable corporate approvals. The company has not proposed any bonus or right shares.

Operating cash flow remains positive

Nimir generated Rs3.76 billion in cash from operations during FY2026. After payments including finance costs, taxes, gratuity and other obligations, net cash generated from operating activities amounted to Rs1.36 billion.

The company invested Rs515.73 million during the year, mainly toward operating fixed assets, capital work-in-progress and intangible assets. Financing activities resulted in a net cash outflow of Rs820.06 million, while year-end cash and cash equivalents stood at Rs209 million, compared with Rs184 million a year earlier.

AGM scheduled for October

The company has scheduled its 33rd Annual General Meeting for October 19, 2026, at 11:00 a.m. in Sheikhupura. Its share transfer books will remain closed from October 13 to October 19, 2026, with the relevant transfer deadline falling on October 12.

Overall, Nimir Industrial Chemicals closed FY2026 on a stronger note, with growth in revenue, operating profit, net earnings and earnings per share, while also maintaining shareholder returns through a proposed final dividend.