Avanceon profit rises 44% in Q1

May 22, 2026 (MLN):  Avanceon Limited (PSX: AVN) posted a 44.5% YoY increase in profit after tax for the quarter ended March 31, 2026, reaching Rs64.55m compared to Rs44.68m in the corresponding period last year.

Earnings per share (EPS) rose to Rs0.15 versus Rs0.11 last year, while diluted EPS also improved to Rs0.15 compared to Rs0.10.

On the revenue front, the company recorded a strong 62.3% YoY growth, with net sales rising to Rs686.67m from Rs423.10m in SPLY.

However, cost of revenue also increased significantly by 69.3% YoY to Rs481.77m, resulting in a 47.9% YoY increase in gross profit to Rs204.90m.

Operating expenses showed a notable uptick during the period. Administrative and selling expenses rose 27.8% to Rs115.46m, while other charges surged sharply by 742.0% to Rs18.25m.

Other income increased marginally by 1.0% to Rs45.03m. Overall, total operating expenses (net) increased 84.9% YoY to Rs88.68m.

As a result, profit from operations grew 28.3% YoY to Rs116.22m. Below the operating line, finance costs increased 12.9% to Rs39.35m.

Consequently, profit before tax stood at Rs76.87m, up 37.97% YoY.

Taxation rose 11.7% to Rs12.32m, bringing profit after tax to Rs64.55m for the period.

Overall, Avanceon Limited delivered a strong bottom-line growth driven by higher revenues and improved operating profitability, despite pressure from rising operating costs and elevated other charges.

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