GGGL FY26 profit drops 55%

Ghani Global Glass Limited (PSX: GGGL) posted a 55% decline in net profit for the year to June 30, 2026, Mettis Global reported. Net profit stood at Rs135.04m, compared with Rs300.63m in the previous year, while basic and diluted EPS slid to Rs0.57 from Rs1.25.

Net sales were nearly unchanged at Rs2.90bn, against Rs2.93bn in FY25, as cost of revenue fell 1% to Rs2.16bn. Gross profit therefore eased to Rs733.63m from Rs755.46m. Administrative expenses climbed 53% to Rs143.88m and selling and distribution costs rose 60% to Rs30.12m, which pulled operating profit down 13% to Rs559.63m.

Other income fell 88% to Rs11.84m from Rs94.85m, while finance costs edged up 1% to Rs349.22m. After levies and final taxation of Rs55.78m, profit before tax dropped 60% to Rs124.35m. A net tax credit of Rs10.69m was not large enough to offset higher overheads and weaker other income.