Shezan International Limited has reported a significant improvement in profitability for the financial year ended June 30, 2026, with profit after taxation more than doubling compared with the previous year. The company also announced a final cash dividend of Rs13.50 per share, equivalent to 135%, according to its financial results announcement dated September 28, 2026.
According to the company’s statement of profit or loss, revenue from contracts with customers increased to Rs9.634 billion in FY2026 from Rs9.183 billion in FY2025. This represents an increase of about 4.9% year-on-year. Gross profit also rose to Rs2.701 billion, compared with Rs2.252 billion in the preceding year.
The improvement extended to operating profitability. Shezan International recorded an operating profit of Rs661.7 million, up from Rs418.4 million a year earlier. Other income increased to Rs87.6 million, while finance costs declined slightly to Rs183.6 million from Rs189.9 million.
Profit More Than Doubles
The company reported profit before taxation of Rs442.4 million for FY2026, compared with Rs167.9 million in FY2025. After taxation of Rs87.8 million, profit after tax reached Rs354.6 million, compared with Rs163.1 million in the previous year.
This translates into a profit-after-tax increase of roughly 117%. Earnings per share also climbed sharply to Rs36.69, compared with Rs16.87 in FY2025.
The company’s comprehensive income similarly improved. Total comprehensive income stood at Rs359.4 million, compared with Rs166.4 million in the previous year. The statement also shows an unrealized gain on remeasurement of investments of Rs6.6 million and a related deferred tax liability of Rs1.7 million.
Balance Sheet Strengthens
As of June 30, 2026, Shezan International reported total assets of approximately Rs4.614 billion, compared with Rs4.177 billion a year earlier. Equity increased to Rs1.866 billion from Rs1.575 billion.
Revenue reserves stood at approximately Rs1.765 billion at the end of FY2026, compared with Rs1.473 billion at June 30, 2025. The company also reported long-term loans of Rs33.3 million and current short-term borrowings of approximately Rs1.213 billion.
Dividend Announced
Alongside the annual financial results, the board recommended a final cash dividend of Rs13.50 per share, or 135%, for the year ended June 30, 2026. The announcement states that there were no rights shares, bonus shares, or other corporate entitlements proposed.
The company has scheduled its Annual General Meeting for October 27, 2026, at 11:00 a.m. in Lahore. Its share transfer books are scheduled to remain closed from October 21 through October 27, 2026, inclusive.
Cash Flow Remains an Area to Watch
Despite the stronger reported profitability, the cash-flow statement shows that the company experienced pressure on operating cash during the year. Net cash used in operating activities amounted to Rs183.4 million, compared with net cash generated of Rs423.1 million in FY2025.
The company also used Rs178.4 million in investing activities, largely reflecting additions to property, plant and equipment. Financing activities generated net cash of approximately Rs300.1 million. Cash and cash equivalents stood at Rs101.2 million at June 30, 2026, compared with Rs162.8 million a year earlier.
Overall, Shezan International’s FY2026 results show a year of considerably stronger earnings, supported by higher revenue, gross profit and operating profit. The substantial increase in profit after tax and the Rs13.50-per-share final dividend are key highlights of the company’s annual results, while the decline in operating cash flow provides an important additional aspect of the financial picture.
