Thal Limited has reported a significant improvement in profitability for the year ended June 30, 2026, with consolidated earnings rising sharply from the previous year. The company has also recommended a final cash dividend of Rs15 per share, taking the total dividend for the year to Rs30 per share.

According to the company’s financial results submitted to the Pakistan Stock Exchange on September 7, 2026, the Board of Directors approved the recommendations at its meeting held on September 4, 2026.

Consolidated profit rises to Rs11.34 billion

On a consolidated basis, Thal Limited recorded revenue of Rs44.26 billion during FY2026, compared with Rs36.41 billion in FY2025. Gross profit increased to Rs6.55 billion from Rs5.63 billion.

After operating expenses and other income, operating profit stood at Rs6.18 billion, while finance costs declined to Rs592.49 million from Rs832.86 million a year earlier.

A major contribution came from the company’s associates and joint venture, with its share of profit after tax increasing to Rs10.18 billion, compared with Rs7.20 billion in FY2025. As a result, consolidated profit before taxation and levy reached Rs15.77 billion, up from Rs12.09 billion.

Profit for the year climbed to Rs11.34 billion, compared with Rs8.10 billion in the previous year. Of this, Rs10.46 billion was attributable to equity holders of the holding company, while Rs887 million was attributable to non-controlling interests.

Basic and diluted earnings per share attributable to shareholders increased substantially to Rs129.04, compared with Rs89.54 in FY2025.

Unconsolidated earnings also surge

Thal Limited’s standalone financial performance showed an even stronger increase in profitability. Revenue rose to Rs35.96 billion from Rs29.61 billion, while gross profit increased to Rs3.60 billion from Rs3.03 billion.

The company’s other income more than doubled to Rs10.52 billion, compared with Rs3.64 billion a year earlier. Consequently, operating profit jumped to Rs11.02 billion from Rs4.14 billion.

Standalone profit for the year reached Rs8.36 billion, compared with Rs2.56 billion in FY2025. Earnings per share increased to Rs103.14 from Rs31.57.

Dividend payout reaches Rs30 per share

The Board recommended a final cash dividend of Rs15 per share, equivalent to 300%. This is in addition to the Rs15 per share interim dividend already paid during FY2026.

The total dividend for the year therefore amounts to Rs30 per share, highlighting the company’s strong earnings and its ability to return cash to shareholders.

The statement of changes in equity shows that Thal Limited paid an interim dividend of Rs15 per share during FY2026, while the company’s total equity increased to Rs39.74 billion by June 30, 2026 from Rs33.09 billion a year earlier.

Stronger balance sheet and cash generation

Thal Limited also reported growth in its consolidated asset base. Total consolidated assets reached Rs92.40 billion at June 30, 2026, compared with Rs81.01 billion at the end of FY2025.

Consolidated current assets increased to Rs43.06 billion, with short-term investments rising to Rs22.08 billion from Rs14.12 billion. Cash and bank balances also improved to Rs3.20 billion from Rs2.46 billion.

Cash generation from operations strengthened considerably. Consolidated net cash generated from operating activities reached Rs4.51 billion, compared with Rs1.25 billion in FY2025. However, increased investment in property, plant and equipment, investment property and short-term investments resulted in net cash used in investing activities of Rs1.99 billion.

Annual General Meeting scheduled for October 22

Thal Limited will hold its 60th Annual General Meeting on October 22, 2026 at 9:30 AM at Pearl-Continental Hotel, Karachi, with participation also available through electronic means/video link.

Shareholders whose names appear in the company’s register on October 15, 2026 will be entitled to the announced dividend. The company’s share transfer books will remain closed from October 16 to October 22, 2026, both days inclusive.

Outlook

Thal Limited’s FY2026 results reflect a substantial improvement in both standalone and consolidated profitability. Higher revenue, stronger other income, improved contribution from associates and joint ventures, and lower finance costs helped drive the increase in earnings.

With consolidated profit attributable to shareholders reaching Rs10.46 billion and the company recommending a total annual dividend of Rs30 per share, FY2026 marks a notably stronger financial year for Thal Limited.