GHGL FY26 profit surges 22%

August 27, 2026 (MLN): Ghani Glass Limited (PSX: GHGL) reported a 22% increase in its net profit for the fiscal year ended June 30, 2026, reaching Rs7.23bn compared to Rs5.90bn in the preceding year.

Alongside the financial results, the board recommended a final cash dividend of Rs1 per share.

Reflecting this bottom-line growth, basic and diluted earnings per share (EPS) for the year improved to Rs7.23, up from Rs5.90 in FY25.

The primary driver behind the performance was steady top-line growth coupled with effective cost management at the direct manufacturing level.

Net revenue from contracts with customers grew by 6% year-on-year to Rs48.36bn, up from Rs45.78bn in FY25.

Cost of sales increased at a controlled rate of 3% to Rs34.30bn, allowing gross profit to expand 13% to Rs14.06bn compared to Rs12.47bn in the prior year.

On the operational front, overall expenses remained well-controlled.

General and administrative expenses rose 10% to Rs2.58bn, while selling and distribution expenses dropped 16% to Rs2.52bn.

Other expenses rose 40% to Rs801.87m, while impairment reversals on financial assets grew 39% to Rs209.26m and "other income" increased 37% to Rs350.38m.

Supported by lower distribution costs and higher secondary income, profit from operations grew 25% to Rs8.72bn.

Below the operating line, GHGL gained significant debt-servicing relief. Finance costs fell by 68% to Rs34.46m (down from Rs107.07m in FY25).

Although the share of profit from associates dropped 17% to Rs500.78m, core operational gains and interest cost relief drove profit before tax up 23% to Rs9.18bn.

The company absorbed a 24% higher corporate taxation charge of Rs1.96bn for the year (up from Rs1.58bn in FY25).

Supported by top-line revenue growth, expanded gross margins, and lower finance costs, Ghani Glass Limited securely closed the fiscal year with its net profit reaching Rs7.23bn.

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