Ghani Global Glass Limited Corporate Briefing Session Presentation FY2026

Key takeaways

• Gross sales for FY2026 stood at PKR 3,385 million compared to PKR 3,404 million in FY25.
• Net sales reached PKR 2,899 million for FY2026, down slightly by 1.1% from PKR 2,932 million in FY25.
• Local net sales rose 3.6% year-on-year to PKR 2,825 million, while export net sales dropped 64.1% to PKR 73 million due to geopolitical disruptions.
• Profit after tax for FY2026 declined 55.1% to PKR 135 million, resulting in an earnings per share of PKR 0.57.
• EBITDA remained resilient at PKR 844 million with a margin of 29.1%, absorbing higher depreciation and start-up costs from the new furnace.
• Neutral glass tubing production surged 73.3% to 5,464 metric tons, lifting capacity utilisation to 90% from 52% in FY25.
• Total equity strengthened to PKR 3,852 million, boosted by a PKR 859 million non-cash revaluation surplus on freehold land, reducing the gearing ratio to 43%.
• A 1.5 MW solar power system was successfully commissioned in September 2026 to cut daytime reliance on grid power and reduce energy costs.
• An ampoule and vial expansion project using advanced Italian forming machines is currently in progress, expected to support approximately 80 million ampoules and 6 million vials annually.
• Management is evaluating an investment of PKR 165 million in six new 1-5 ml ampoule machines, projected to add PKR 375 million in annual revenue at a ~25% EBITDA margin.
• A Saudi Arabia ampoule plant is planned with firm registration targeted by end-Q3, aligning with Vision 2030 localisation objectives.
• Shareholders previously approved a convertible Sukuk of up to PKR 500 million, with an SECP application filed in September 2026.