Tariq Glass Industries Limited (TGIL) has approved its financial results for the year ended June 30, 2026, reporting a net profit of Rs4.01 billion, compared with Rs4.78 billion in the previous financial year. The company’s Board of Directors approved the accounts at a meeting held on September 24, 2026.
According to the financial statements, the company’s revenue declined to Rs30.72 billion during FY2026 from Rs33.56 billion in FY2025. Gross profit also decreased to Rs8.89 billion from Rs10.41 billion, while operating profit stood at Rs7.49 billion compared with Rs9.29 billion a year earlier.
Profit before taxation was reported at Rs6.67 billion, down from Rs8.03 billion in FY2025. After taxation of approximately Rs2.65 billion, Tariq Glass recorded a net profit of Rs4.01 billion, resulting in basic and diluted earnings per share of Rs23.31, compared with Rs27.75 in the previous year.
Dividend and Corporate Actions
The Board did not recommend a final cash dividend for FY2026. However, shareholders had already received an interim dividend of Rs5 per share, equivalent to 50%, during the year. The company also announced no bonus shares, right shares or other corporate actions.
Stronger Asset Base
Despite the decline in annual earnings, the company’s balance sheet expanded during the year. Total assets increased to approximately Rs31.39 billion as of June 30, 2026, compared with Rs27.82 billion a year earlier. Property, plant and equipment rose to Rs13.37 billion from Rs12.06 billion. Cash and bank balances also increased significantly to Rs2.21 billion, compared with Rs948.17 million in FY2025.
Shareholders’ equity reached approximately Rs27.00 billion, up from Rs22.42 billion. The increase included higher unappropriated profit and a substantial rise in the surplus on revaluation of freehold land, which stood at Rs3.94 billion at the end of FY2026.
Cash Flow Remains Positive
Tariq Glass generated Rs4.87 billion in net cash from operating activities during FY2026, compared with Rs5.90 billion in FY2025. The company invested Rs2.03 billion during the year, including spending on property, plant and equipment and long-term investments. Financing activities used Rs1.58 billion, including debt repayments and dividend payments.
As a result, cash and cash equivalents increased by Rs1.26 billion, reaching Rs2.21 billion at the end of the financial year.
Annual General Meeting Scheduled
The company has scheduled its Annual General Meeting for October 28, 2026 at 11:00 AM at its registered office in Lahore, with participation also planned through video link, subject to PSX approval. The register of members and share transfer books will remain closed from October 22 to October 28, 2026.
Tariq Glass also stated that its Sustainability/ESG disclosures for the year ended June 30, 2026 will be submitted within the extended timeframe prescribed under the SECP order, on or before March 31, 2027.
Overall, the FY2026 results show a year of lower revenue and profitability compared with FY2025, alongside higher assets, shareholders’ equity and year-end cash balances. The company’s financial statements also show continued investment in its asset base and a positive operating cash flow.
