GGGL FY26 profit drops 55%

September 29, 2026 (MLN): Ghani Global Glass Limited (PSX: GGGL) reported a 55% drop in its net profit for the fiscal year ended June 30, 2026, recording Rs135.04m compared to Rs300.63m in the preceding year.

Reflecting this bottom-line compression, basic and diluted earnings per share (EPS) for the year fell to Rs0.57, down from Rs1.25 in FY25.

The primary factors weighing on final earnings were rising administrative overheads, elevated borrowing costs, and lower non-operating income, compounded by flat top-line sales performance.

Net sales remained largely stable at Rs2.90bn, down slightly from Rs2.93bn in FY25. With cost of revenue contracting by 1% to Rs2.16bn, gross profit settled at Rs733.63m compared to Rs755.46m in the prior year.

On the operational front, overheads expanded significantly. Administrative expenses rose 53% to Rs143.88m, while selling and distribution costs jumped 60% to Rs30.12m. Consequently, operating profit fell 13% to Rs559.63m.

Below the operating line, GGGL was impacted by an 88% drop in "other income" (falling to Rs11.84m from Rs94.85m in FY25) alongside persistent financial charges, which edged up 1% to Rs349.22m. These combined factors pushed profit before tax down 60% to Rs124.35m (after deducting statutory levies/final taxation of Rs55.78m).

The company recorded a net tax credit of Rs10.69m for the year (compared to an income tax charge of Rs12.03m in FY25). However, this tax credit was insufficient to counter overhead inflation and the sharp reduction in non-operating income, leading Ghani Global Glass Limited to close the fiscal year with a net profit of Rs135.04m

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