Ghani Glass H1 profit slips 12% to Rs2.4bn
MG News | February 25, 2026 at 01:48 PM GMT+05:00
February 25, 2026 (MLN): Ghani Glass Limited (PSX:CHGL) reported a profit after tax of Rs2.40bn for the half year ended December 31, 2025, down 12.4% from Rs2.74bn recorded in the same period last year.
Earnings per share (EPS) fell to Rs2.40 from Rs2.74 YoY. The
company declared an additional interim cash dividend of 10%, in addition to the
5% first interim cash dividend already paid.
Net revenue for the period increased 1.75% to Rs22.34bn from
Rs21.96bn, while cost of sales rose 3.9% to Rs16.49bn, resulting in a gross
profit of Rs5.86bn, down 3.8% from Rs6.09bn in H1 FY2025.
The slight contraction in gross margin was attributed to
higher production costs despite revenue growth.
Administrative expenses remained largely stable at Rs1.20bn,
while selling and distribution expenses declined 8.2% to Rs1.32bn.
Other income surged 108% to Rs173.41m, supporting the bottom
line. Operating profit remained flat at Rs3.20bn, up 0.26% YoY.
Finance costs fell sharply by 54% to Rs28.16m, and the
company’s share of profit from its associate increased 22% to Rs384.60m,
resulting in a profit before taxation of Rs3.55bn, up 3.2% from Rs3.44bn in H1
FY2025.
However, higher taxation of Rs1.15bn (+64%) led to the
decline in net profit.
|
STATEMENT OF PROFIT OR
LOSS FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (Rs.) |
|||
|
Description |
2025 |
2024 |
Change (%) |
|
Revenue from contracts
with customers - net |
22,341,474,562 |
21,957,961,384 |
1.75% |
|
Cost of sales |
(16,485,814,320) |
(15,868,564,717) |
3.89% |
|
Gross profit |
5,855,660,242 |
6,089,396,667 |
-3.84% |
|
General and administrative
expenses |
(1,198,763,731) |
(1,208,097,947) |
-0.77% |
|
Selling and distribution
expenses |
(1,315,869,080) |
(1,433,835,428) |
-8.23% |
|
Other expenses |
(266,513,521) |
(267,663,322) |
-0.43% |
|
Exchange gain/(Loss) net |
(34,763,543) |
(43,334,140) |
-19.78% |
|
Impairment loss on
financial assets |
(16,878,758) |
(31,703,763) |
-46.76% |
|
Other income |
173,412,733 |
83,156,056 |
108.54% |
|
Profit from operations |
3,196,284,342 |
3,187,918,123 |
0.26% |
|
Finance costs |
(28,157,810) |
(61,188,841) |
-53.98% |
|
Share of profit in
associate - net of tax |
384,600,083 |
315,188,662 |
22.02% |
|
Profit before taxation |
3,552,726,615 |
3,441,917,944 |
3.22% |
|
Taxation |
(1,152,215,813) |
(702,238,447) |
64.08% |
|
Profit after taxation |
2,400,510,802 |
2,739,679,497 |
-12.38% |
|
Earnings per share -
basic and diluted |
2.4 |
2.74 |
-12.41% |
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