WAVES · Waves Corporation Limited
Transmission of Quarterly Report for the Period Ended 30 June 2026
- Filed
- 17 September 2026 at 9:19 am
- Category
- Financials
- Sentiment
- Good
- Impact
- High
AI executive summary
Waves Corporation Limited reported its half-yearly financial results for the period ended June 30, 2026. Consolidated profit after tax grew by 42.6% YoY to PKR 582.44 million, driven by higher operating performance and other income, though the board decided not to recommend any payout due to tough economic conditions. Additionally, the board approved equity and loan investments of up to PKR 2,000 million total in its subsidiary Waves Home Appliances Limited (WAVESAPP).
Key takeaways
- Consolidated profit after tax increased by 42.6% YoY to PKR 582.44 million for the six months ended June 30, 2026, compared to PKR 408.48 million in the corresponding period last year.
- Consolidated earnings per share (EPS) rose to PKR 2.07 from PKR 1.45 in the prior-year period.
- Net revenue on a consolidated basis grew 3.8% YoY to PKR 2,791.25 million.
- The Board of Directors did not recommend any cash dividend or payout for the period due to tough economic and political conditions.
- The board approved further equity investment of up to PKR 1,500 million (including rights subscription) and a loan/advance facility of up to PKR 500 million in subsidiary company WAVESAPP.
Filing details
Financial results
Half Yearly · Reviewed · Consolidated · 30 June 2026
Figures in PKR '000
Reporting period
Six months
- Income
- 2,791,254 (prior 2,688,112)
- Profit after tax
- 582,444 (prior 408,481)
- EPS
- 2.07 (prior 1.45)
Quarter
Three months
- Income
- 1,594,928 (prior 1,498,957)
- Profit after tax
- 440,936 (prior 272,783)
- EPS
- 1.57 (prior 0.97)
- Board of Directors did not recommend any payout to shareholders for the half year ended June 30, 2026.
- Approved further investment of up to PKR 1,500 million in the equity of subsidiary Waves Home Appliances Limited (WAVESAPP), including its rights subscription portion and any unsubscribed shares.
- Approved investment by way of loan/advances of up to PKR 500 million in WAVESAPP.
Dividend and entitlement
- Type
- None
- Notes
- No dividend, bonus, or right share entitlement was declared in the financial statements transmission announcement.
- #waves
- #financial-results
- #half-yearly
- #earnings
- #subsidiary-investment
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.