Ghani Glass H1 profit slips 12% to Rs2.4bn

MG News | February 25, 2026 at 01:48 PM GMT+05:00

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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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