WAVESAPP · Waves Home Appliances Limited
Transmission of Half Yearly Report for the Period Ended 30 June 2026
- Filed
- 17 September 2026 at 9:23 am
- Category
- Financials
- Sentiment
- Neutral
- Impact
- High
AI executive summary
Waves Home Appliances Limited (WAVESAPP) reported its half-yearly financial results for the period ended June 30, 2026, showing a net profit after tax of PKR 161.02 million (EPS of PKR 0.60), up 3.2% year-on-year. Due to challenging economic conditions, the board did not recommend any payout, but instead approved a right issue of 56 shares for every 100 shares held (56%) to raise up to PKR 1.5 billion for working capital and loan repayment.
Key takeaways
- Net sales for the half year ended June 30, 2026, rose 1.5% YoY to PKR 2,033.74 million.
- Profit after tax for the period improved by 3.2% YoY to PKR 161.02 million, with basic and diluted EPS rising to PKR 0.60 compared to PKR 0.58 previously.
- Gross profit declined from PKR 544.27 million to PKR 512.70 million due to continued margin pressures from higher input and energy costs.
- The Board of Directors did not recommend any dividend payout for the period in view of tough current economic conditions.
- The board approved a rights issue of 56 shares for every 100 shares held (up to PKR 1.5 billion) to utilize proceeds for working capital and loan repayment to the holding company.
- Book closure for the rights issue was scheduled for August 27, 2026, with the subscription period closing on September 21, 2026.
Filing details
Financial results
Half Yearly · Reviewed · Standalone · 30 June 2026
Figures in Rupees in '000
Reporting period
Six months
- Income
- 2,033,741 (prior 2,003,674)
- Profit after tax
- 161,015 (prior 156,025)
- EPS
- 0.6 (prior 0.58)
Quarter
Three months
- Income
- 1,031,632 (prior 1,014,376)
- Profit after tax
- 97,156 (prior 95,794)
- EPS
- 0.36 (prior 0.36)
- Approved further issue of shares by way of rights at 56 shares for every 100 shares held (up to PKR 1.5 billion) to be utilized for working capital and partial return of loan advanced by the holding company.
- Book closure for the rights issue scheduled for August 27, 2026, with subscription closing on September 21, 2026.
Dividend and entitlement
- Type
- None
- Notes
- Transmission of quarterly financial statements with no cash dividend, bonus, or rights entitlement declared.
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- #financialresults
- #halfyearly
- #rightsissue
- #profitability
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.