Karachi: Pakistan Cables Limited (PSX: PCAL) has returned to profitability during the first nine months of FY2025-26, reporting a net profit after tax of Rs206.23 million for the period ended March 31, 2026, compared to a net loss of Rs260.99 million recorded in the corresponding period last year. The company announced its financial results following a meeting of its Board of Directors held on April 30, 2026.
The company generated revenue of Rs23.47 billion during the nine-month period, reflecting a 5.5% increase from Rs22.24 billion in the same period of the previous year. Gross profit improved slightly to Rs2.39 billion, compared with Rs2.34 billion a year earlier, indicating steady operational performance despite higher input costs.
Pakistan Cables’ turnaround was supported by a substantial increase in income from its associated company. The company’s share of profit from its associate surged to Rs480.64 million, up significantly from Rs44.50 million in the corresponding period last year. Additionally, finance costs declined to Rs1.64 billion from Rs1.81 billion, easing pressure on profitability.
As a result, the company posted earnings per share (EPS) of Rs3.79, compared with a loss per share of Rs4.79 in the same period last year. However, the third quarter alone remained slightly loss-making, with a net loss of Rs7.22 million, although this represented a notable improvement from the Rs74.33 million loss reported in the corresponding quarter of FY2025.
On the balance sheet, total assets increased to Rs43.10 billion as of March 31, 2026, from Rs37.55 billion at the end of June 2025. Shareholders’ equity also strengthened to Rs9.69 billion, reflecting the company’s return to profitability. Cash and bank balances rose significantly to Rs1.47 billion, providing improved liquidity.
Despite the earnings recovery, the Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period.
The latest results indicate that Pakistan Cables has made meaningful progress in restoring profitability, supported by improved operating performance, reduced financing costs, and strong contributions from its associate. Going forward, sustaining revenue growth and managing borrowing costs will remain key priorities for the company.
