TOWL FY26 profit settles at Rs151m

Mettis Global reported that Towellers Limited (PSX: TOWL) posted a 47% fall in net profit for the year ended June 30, 2026, to Rs150.88m from Rs286.71m a year earlier. Earnings per share dropped to Rs8.88 from Rs16.87. Net sales slipped 10% to Rs11.14bn, down from Rs12.35bn in FY25.

Gross profit widened 26% to Rs1.46bn as cost of sales fell 14% to Rs9.67bn. Distribution expenses went up 7% to Rs535.13m, while administrative spending increased 14% to Rs551.87m. Other income dropped 32% to Rs89.75m, yet operating profit advanced 63% to Rs431.80m.

Finance costs rose 40% to Rs41.41m, and pre-tax profit jumped 164% to Rs332.07m as levies declined 47% to Rs58.32m. However, the company booked a net income tax expense of Rs181.19m, against a net tax credit of Rs160.83m in FY25, which pulled the bottom line lower.