Pakistan Cables swings to Rs166m profit in FY26

Mettis Global reported that Pakistan Cables Limited (PSX: PCAL) returned to profit for the year ended June 30, 2026, posting earnings of Rs166.21m after a Rs280.60m loss in the prior year. Earnings per share improved to Rs3.05 from a loss of Rs5.15 per share. The swing was driven mainly by a far larger share of profit from an associate, which climbed to Rs419.83m from Rs44.92m.

Top-line revenue rose 16% to Rs33.79bn, lifting gross profit to Rs3.51bn. Selling and distribution costs jumped 28% and administrative expenses rose 24%, pushing total operating expenses to Rs1.72bn. On the other side, finance costs declined 7% to Rs2.27bn and other income nearly doubled to Rs661.71m.

The tax line worked against the bottom line, with an income tax charge of Rs422.10m replacing a Rs106.88m credit a year earlier. Final levies fell to Rs570,000, compared with Rs19.85m previously. Even so, the gains in operating income and associate profit were large enough to turn the previous loss into a profit.