Aug 31, 2026, 8:49 AM
Waves Corporation reports higher quarterly net profit and EPS for the quarter ended 30 June 2026
Financial ResultWaves Corporation announced board-approved financial results for the quarter ended 30 June 2026. Compared with the corresponding quarter of 2025, net sales, profit from operations, profit for the period and EPS increased, while gross profit declined. No cash dividend or other entitlement was declared.
Key Findings
- Quarterly net sales were Rs. 1,594.928 million, up from Rs. 1,498.957 million.
- Profit from operations increased to Rs. 794.571 million from Rs. 499.205 million; profit for the period rose to Rs. 440.936 million from Rs. 272.783 million.
- EPS increased to Rs. 1.57 from Rs. 0.97, while gross profit declined to Rs. 397.521 million from Rs. 426.532 million.
- The company declared no cash dividend, bonus, rights or other entitlement.
- Consolidated cash and bank balances at 30 June 2026 were Rs. 1,177.295 million, compared with Rs. 73.304 million at 31 December 2025.
Financial Performance
| Metric | PreviousQuarter ended 30 June 2025 | CurrentQuarter ended 30 June 2026 | Change |
|---|---|---|---|
| Sales - net | 1,498,957 | 1,594,928 | +6.4% |
| Gross profit | 426,532 | 397,521 | -6.8% |
| Profit from operations | 499,205 | 794,571 | +59.2% |
| Profit for the period | 272,783 | 440,936 | +61.6% |
| Earnings per share - basic and diluted | 0.97 | 1.57 | +61.9% |
| Finance cost | (217,640) | (375,582) | +72.6% |
| Cash and bank balances | 73,304 | 1,177,295 | +1,506% |
| Short term borrowings | 800,449 | 1,659,546 | +107.3% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.