Fast Cables 1HFY26 profit up 12%

February 13, 2026 (MLN): Fast Cables Limited (PSX:FCL) reported a net profit of Rs852.1m for the half year ended December 31, 2025, which represents a 12.2% increase from the Rs759.1m profit recorded in the same period last year.

The company's earnings per share rose to Rs1.32 from Rs1.18 in the corresponding period of the previous year.

The cable manufacturer's revenue increased 12.4% year-on-year to Rs18.06bn from Rs16.08bn, demonstrating solid top-line growth driven by strong demand for electrical cables and wires.

Cost of revenue rose 12.5% to Rs14.98bn from Rs13.32bn, resulting in a gross profit of Rs3.08bn, up 11.5% from Rs2.76bn in the prior period.

The gross profit margin stood at 17.1% compared to 17.2% in H1 FY2025, indicating stable margins despite rising input costs.

The net profit margin improved marginally to 4.7% from 4.7% in the same period last year, which showed consistent profitability.

Total operating expenses increased modestly by 1.9% to Rs993.1m from Rs974.6m, demonstrating effective cost control.

Distribution costs declined 1.3% to Rs705.6m from Rs714.7m, while administrative expenses rose 10.6% to Rs287.5m from Rs259.9m.

Operating profit grew 16.8% to Rs2.09bn from Rs1.79bn in H1 FY2025, reflecting strong operational performance and leverage.

Other operating expenses increased 17.6% to Rs202.4m from Rs172.1m, while finance costs declined 13% to Rs776.2m from Rs892.1m, providing significant relief to the bottom line as borrowing costs moderated.

Other income dropped sharply by 56.6% to Rs210.2m from Rs484.1m, though this decline did not materially impact the overall positive performance.

Profit before levy and taxation reached Rs1.32bn, up 9.2% from Rs1.21bn in the prior period.

Profit before taxation stood at Rs1.32bn, representing a 9.6% increase from Rs1.20bn. The company recorded a taxation expense of Rs467.6m, up 5.1% from Rs445m in the corresponding period last year.

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