FCL FY26 profit jumps 66%

August 18, 2026 (MLN): Fast Cables Limited (PSX: FCL) reported a strong 66% increase in its net profit for the fiscal year ended June 30, 2026, reaching Rs2.11bn compared to Rs1.27bn in the preceding year.

Alongside the financial results, the company announced a cash dividend of Rs1.50 per share.

Reflecting this solid bottom-line expansion, basic and diluted earnings per share (EPS) improved to Rs3.28 from Rs1.97 (restated) in FY25.

The primary driver behind the performance was a powerful top-line expansion combined with improved gross margins.

FCL’s revenue posted a 22% year-on-year surge, rising to Rs38.72bn from Rs31.86bn in FY25.

Although the cost of revenue increased by 19% to Rs31.48bn, strong sales growth allowed the company to secure a 35% expansion in gross profit, which climbed to Rs7.23bn compared to Rs5.38bn in the prior year.

On the operational front, overheads expanded to support higher market activity and distribution scale-up.

Distribution costs rose by 15% to Rs1.58bn, while administrative expenses increased by 11% to Rs586.96m.

Despite the rise in operating expenses, strong gross margin growth pushed operating profit up by 46% to Rs5.07bn.

Below the operating line, FCL faced a 35% increase in "other operating expenses" (Rs461.75m) and a 27% decline in "other income" (down to Rs446.09m).

Meanwhile, finance costs saw a mild 4% uptick to Rs1.67bn.

Nevertheless, the core operational momentum easily absorbed non-operating drags, pushing profit before taxation up by 58% to Rs3.38bn.

The company absorbed a 46% higher corporate income tax expense of Rs1.27bn for the year.

Supported by top-line revenue gains and expanded gross margins, Fast Cables Limited securely closed the fiscal year with a 66% leap in final net profit, settling at Rs2.11bn.

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