GHGL's profit dips, but delivers: board approves 15% final cash dividend
MG News | September 30, 2025 at 02:34 PM GMT+05:00
September 30, 2025 (MLN): Ghani Glass Limited (PSX: GHGL) released its financial results for the fiscal year ended June 30, 2025, showing a decline in both top-line revenue and bottom-line profit.
The downturn was driven by reduced sales, which weighed on
overall profitability despite certain positive operational measures. Alongside
the results, the board approved a 15% final cash dividend for shareholders.
According to the financial statement, the company’s net
revenue from contracts with customers fell by 4.20% to Rs. 45.78bn in
FY25, down from Rs. 47.79bn in the previous year.
While the cost of sales also decreased by 3.89%, it
was not enough to offset the drop in revenue, resulting in a 5.02%
decrease in gross profit to Rs. 12.47bn.
The decline in profitability extended to the bottom line,
with profit after taxation for the year dropping by 12.56% to Rs5.90bn,
compared to Rs6.75bn in FY24.
The decrease was primarily driven by the reduced gross
profit and a notable 8.85% increase in general and administrative
expenses.
The company did, however, see a significant 48.08%
reduction in finance costs, which partially mitigated the overall impact on its
profit.
The decrease in net profit translated directly to a 12.59%
decline in earnings per share (EPS), which fell to Rs5.90 in FY25 from Rs6.75
in the previous year.
Despite the financial setbacks, the declaration of a 15%
final cash dividend demonstrates the company's commitment to delivering value
to its shareholders.
|
STATEMENT OF PROFIT OR
LOSS FOR THE YEAR ENDED JUNE 30, 2025(Rs.) |
|||
|
Description |
2025 |
2024 |
Change% |
|
Revenue from contracts
with customers - net |
45,783,042,741 |
47,790,454,546 |
-4.20% |
|
Cost of sales |
(33,309,083,408) |
(34,656,983,072) |
-3.89% |
|
Gross profit |
12,473,959,333 |
13,133,471,474 |
-5.02% |
|
General and
administrative expenses |
(2,345,147,484) |
(2,154,528,872) |
8.85% |
|
Selling and distribution
expenses |
(2,982,984,705) |
(2,993,857,916) |
-0.36% |
|
Other expenses |
(572,702,417) |
(611,308,090) |
-6.32% |
|
Impairment reversal /
(loss) on financial assets |
150,621,421 |
(164,249,601) |
|
|
Other income |
256,407,919 |
195,412,224 |
31.21% |
|
Profit from operations |
6,980,154,067 |
7,404,939,219 |
-5.74% |
|
Finance costs |
(107,069,681) |
(206,214,177) |
-48.08% |
|
Share of profit of an
associate - net of tax |
605,481,279 |
922,939,581 |
-34.40% |
|
Profit before final tax
and income tax |
7,478,565,665 |
8,121,664,623 |
-7.92% |
|
Final tax |
- |
(89,008,300) |
|
|
Profit before income tax |
7,478,565,665 |
8,032,656,323 |
-6.90% |
|
Taxation |
(1,576,282,655) |
(1,282,435,125) |
22.91% |
|
Profit after taxation
for the year |
5,902,283,010 |
6,750,221,198 |
-12.56% |
|
Earnings per share -
basic and diluted |
5.9 |
6.75 |
-12.59% |
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