GEMNETS · GEMNETS
Transmission of Annual Report for the Year Ended
- Filed
- 7 October 2026 at 3:11 pm
- Category
- Financials
- Sentiment
- Neutral
- Impact
- High
AI executive summary
NETS International Communication Limited reported its annual financial results for the year ended June 30, 2026, marking its first full year as a listed entity on the GEM Board. Net revenue increased by 17.09% to PKR 1.95 billion, and profit before tax rose 10.2% to PKR 128.44 million, though profit after tax declined to PKR 41.72 million due to a higher tax charge and inventory losses from a warehouse fire. The Board recommended no dividend for the year to support working capital requirements for growing project pipelines.
Key takeaways
- Revenue for the year ended June 30, 2026, increased by 17.09% YoY to PKR 1,946,840,464.
- Gross profit grew by 31.6% YoY to PKR 541,593,018, with gross margins improving from 24.7% to 27.8%.
- Profit before tax rose 10.2% YoY to PKR 128,435,835, supported by an PKR 80 million insurance claim for inventory destroyed in a fire.
- Profit after tax decreased to PKR 41,721,430 compared to PKR 63,268,383 in the previous year, resulting in an EPS of PKR 1.14.
- The Board decided not to declare any dividend for the year ended June 30, 2026, to preserve working capital for ongoing project pipelines.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 1,946,840,464 (prior 1,662,640,229)
- Profit after tax
- 41,721,430 (prior 63,268,383)
- EPS
- 1.14 (prior 1.88)
- Decided not to declare a dividend for the year ended June 30, 2026, to prioritize working capital for project growth.
- Scheduled the 4th Annual General Meeting (AGM) for October 28, 2026.
- Recommended the re-appointment of M/s Abdul Khaliq & Co., Chartered Accountants, as external auditors for the year ending June 30, 2027.
Dividend and entitlement
- Type
- None
- Notes
- The document is solely for the transmission of annual financial statements and contains no mention of any cash dividend, bonus, or rights entitlement.
- #annual report
- #financial results
- #gemnets
- #earnings
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.