Towellers Limited has reported a profit after tax of PKR 150.88 million for the financial year ended June 30, 2026, according to its audited financial statements approved by the company’s Board of Directors on September 28, 2026. The company did not announce a cash dividend, bonus shares, or right shares for the year.
The company’s financial performance showed a mixed picture during the year. Profit from operations increased to PKR 431.80 million, compared with PKR 265.53 million in the previous year. This represents a substantial improvement in operating profitability. However, higher finance costs and other charges, along with taxation, resulted in a lower bottom-line profit.
Profit before levies and taxation reached PKR 390.39 million, compared with PKR 235.89 million in FY2025. After levies of PKR 58.32 million and income tax of PKR 181.19 million, profit for the year stood at PKR 150.88 million, down from PKR 286.71 million a year earlier. Earnings per share consequently declined to PKR 8.88, compared with PKR 16.87 in FY2025.
The company also recorded a total comprehensive income of PKR 135.08 million, compared with PKR 274.18 million in the preceding year. The decline reflected a loss on remeasurement of staff retirement benefits, partly offset by the related deferred tax effect.
Balance Sheet and Equity
At June 30, 2026, Towellers Limited reported total assets of approximately PKR 13.07 billion, compared with PKR 12.39 billion at the end of June 2025. Total equity and liabilities matched the asset position at PKR 13.07 billion.
Shareholders’ equity, including reserves and surplus on revaluation of property, plant and equipment, stood at approximately PKR 9.01 billion at year-end, compared with PKR 8.88 billion in the previous year.
Cash Position Declines
Despite the improvement in operating profit, the company experienced a significant cash outflow during FY2026. Net cash used in operating activities amounted to approximately PKR 648.19 million, compared with PKR 171.41 million in the previous year.
The company also reported net cash used in investing activities of about PKR 74.37 million, while financing activities generated net cash of approximately PKR 355.17 million. As a result, cash and cash equivalents decreased from PKR 824.93 million at June 30, 2025 to PKR 457.55 million at June 30, 2026.
Annual General Meeting
The company has scheduled its 53rd Annual General Meeting for October 28, 2026, at 3:30 p.m. in Karachi. The audited financial statements for the year ended June 30, 2026 will form part of the matters presented to shareholders.
Overall, Towellers Limited entered FY2026 with stronger operating profitability, but its final earnings were affected by higher financial and tax-related costs. The decline in cash balances and earnings per share will also be among the key financial developments for shareholders reviewing the company’s latest annual results.
