Ghani Global FY26 profit plunges 36% to Rs2.7bn

Ghani Global Holdings Limited (PSX: GGL) reported that consolidated profit for the twelve months to June 30, 2026 fell 36% to Rs2.69bn, against a restated Rs4.18bn a year earlier, according to Mettis Global. Earnings per share attributable to holding company shareholders dropped to Rs4.15 from a restated Rs8.94 in FY25.

Top-line figures improved, with net sales up 8% to Rs11.20bn and gross profit rising 20% to Rs5.02bn. Gross sales grew 9% to Rs13.22bn, but sales tax and trade discounts climbed 12%, while distribution costs nearly tripled to Rs636.92m. Finance costs also rose 28% to Rs768.42m, adding to the pressure on earnings.

Other income was the largest drag, falling 89% to Rs240.69m from Rs2.24bn in the prior year. That swing turned the combined subtotal below gross profit into a net charge of Rs1.18bn, pulling operating profit down 30% to Rs3.84bn. Of the total, Rs1.47bn went to holding company shareholders, down 54%, while non-controlling interest rose 19% to Rs1.22bn.