SPEL FY26 profit drops 9%

SPEL Limited recorded a 9% fall in net profit for the financial year closing on June 30, 2026, with earnings of Rs1.14bn against Rs1.25bn a year earlier, Mettis Global reported. A cash payout of Rs0.50 per share was declared alongside the results. Earnings per share slipped to Rs5.99 from Rs6.60 in the previous year.

The decline stemmed mainly from a 2% drop in net sales to Rs9.41bn from Rs9.63bn, which pulled gross profit down 5% to Rs2.47bn. Administrative expenses climbed 12% to Rs464.69m and selling and distribution costs rose 15% to Rs88.70m, while an impairment reversal of Rs18.46m provided some support. As a result, operating profit fell 6% to Rs1.94bn.

Below the operating line, finance costs fell 36% to Rs81.40m from Rs127.55m, and taxation eased 3% to Rs718.93m. Other income declined 36% to Rs150.38m, which offset part of those savings and reduced profit before tax 7% to Rs1.86bn. Lower finance costs and a smaller tax charge helped cushion the bottom line at Rs1.14bn.