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CYAN Cyan Limited

Latest results: FY2024 · Dec 2024 Q3 FY2025 · Jul – Sep 2025

Annual · FY2005 – FY2024

Cyan Limited (CYAN) income statement

Cyan Limited reported revenue of Rs 281.2 mn for FY2024 (Jan – Dec 2024), up 25.9% on FY2023. Finance cost was Rs 0, down 100.0% on FY2023. Tax of Rs 116.3 mn took 17.3% of pre-tax profit. Profit attributable to shareholders was Rs 557.7 mn, up 71.8% on FY2023, or Rs 9.06 per share.

CYAN income statement (annual) (Rs mn)
Rs mn FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 * Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016 FY2015 Jan – Dec 2015 FY2014 Jan – Dec 2014 FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 * Jan – Dec 2010 FY2009 * Jan – Dec 2009 FY2008 * Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005
Revenue 281.2 223.3 26.3 664.1 511.7 237.4 325.7 235.1 460.5 483.9 857.0 691.4 1,548.7 479.7 182.8 (92.5) 160.2 2,783.4 809.7 300.1
Operating expenses (57.5) (36.0) (51.5) (185.9) (244.5) (144.5) (114.7) (96.4) (113.0) (218.1) (200.1) (243.8) (231.3) (40.2) (24.1) (15.0) (12.9) (20.9) (39.6) (38.6)
Finance cost 0.0 (7.7) (69.8) (32.5) (42.2) (11.5) (14.7) (14.6) (13.0) (0.1) (0.1) (0.2) 0.0 (0.2) (4.8) (0.4) (0.1) (0.2) (40.7) (42.0)
Profit before tax 673.9 356.2 (464.9) 216.8 469.5 94.9 (211.0) (535.9) 734.3 495.9 1,027.2 1,213.0 1,504.0 (159.3) 110.3 (844.9) 133.7 2,764.7 730.3 222.4
Taxation (116.3) (31.6) 25.9 (13.4) (112.2) 3.1 (7.1) (2.0) (23.0) (160.9) (128.5) (36.2) (74.8) (24.8) 7.2 (10.2) (17.3) (16.8) 19.8 (21.8)
Profit after tax 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0 898.8 1,176.8 1,429.2 (184.0) 117.5 (855.1) 116.4 2,748.0 750.1 200.6
Profit attributable to shareholders 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0 898.8 1,176.0 1,428.2 (197.5) 120.7 (855.1) 116.4 2,748.0 750.1 200.6
Per share
EPS – basic (Rs) Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44 14.60 19.10 23.20 (3.44) 1.96 (13.89) 1.89 44.64 12.19 3.26
Dividend per share (Rs) Rs 5.00 0.00 0.00 10.00 5.00 0.95 0.00 0.00 4.76 3.81 64.29 9.52 3.49 1.59 1.09 0.66 0.57 1.23 1.14 0.87
CYAN income statement — year-on-year change (Rs mn)
Rs mn FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 * Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016 FY2015 Jan – Dec 2015 FY2014 Jan – Dec 2014 FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 * Jan – Dec 2010 FY2009 * Jan – Dec 2009 FY2008 * Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005
Revenue +25.9% +749.4% -96.0% +29.8% +115.5% -27.1% +38.5% -48.9% -4.8% -43.5% +23.9% -55.4% +222.9% +162.4% — -157.7% -94.2% +243.7% +169.8% —
Operating expenses +59.8% -30.1% -72.3% -24.0% +69.2% +26.0% +18.9% -14.7% -48.2% +9.0% -17.9% +5.4% +475.5% +66.9% +60.9% +16.2% -38.3% -47.3% +2.7% —
Finance cost -100.0% -89.0% +115.0% -23.1% +268.0% -22.0% +0.5% +12.1% +15,610.8% -40.7% -40.4% — -100.0% -95.3% +1,090.0% +185.1% -12.4% -99.6% -3.2% —
Profit before tax +89.2% — -314.4% -53.8% +394.9% — — -173.0% +48.1% -51.7% -15.3% -19.3% — -244.4% — -732.0% -95.2% +278.6% +228.3% —
Taxation +268.0% — -293.0% -88.1% — -143.3% +246.6% -91.1% -85.7% +25.2% +254.6% -51.6% +202.1% — -170.8% -40.8% +3.0% — -190.7% —
Profit after tax +71.8% — -315.8% -43.1% +264.8% — — -175.6% +112.3% -62.7% -23.6% -17.7% — -256.6% — -834.5% -95.8% +266.4% +273.8% —
Profit attributable to shareholders +71.8% — -315.8% -43.1% +264.8% — — -175.6% +112.3% -62.7% -23.6% -17.7% — -263.7% — -834.5% -95.8% +266.4% +273.8% —
Per share
EPS – basic (Rs) +71.8% — -315.8% -43.1% +264.8% — — -175.6% +112.3% -62.7% -23.6% -17.7% — -275.7% — -834.5% -95.8% +266.3% +273.8% —
Dividend per share (Rs) — — -100.0% +100.0% +425.0% — — -100.0% +25.0% -94.1% +575.0% +172.7% +120.0% +45.3% +65.6% +15.2% -53.3% +8.0% +31.0% —

Change against the previous fiscal year; shown when the earlier figure is positive.

CYAN income statement — common size (Rs mn)
Rs mn FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 * Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016 FY2015 Jan – Dec 2015 FY2014 Jan – Dec 2014 FY2013 * Jan – Dec 2013 FY2012 Jan – Dec 2012 FY2011 Jan – Dec 2011 FY2010 * Jan – Dec 2010 FY2009 * Jan – Dec 2009 FY2008 * Jan – Dec 2008 FY2007 Jan – Dec 2007 FY2006 Jan – Dec 2006 FY2005 Jan – Dec 2005
Revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% — 100.0% 100.0% 100.0% 100.0%
Operating expenses (20.4%) (16.1%) (195.8%) (28.0%) (47.8%) (60.9%) (35.2%) (41.0%) (24.5%) (45.1%) (23.3%) (35.3%) (14.9%) (8.4%) (13.2%) — (8.0%) (0.7%) (4.9%) (12.9%)
Finance cost 0.0% (3.5%) (265.5%) (4.9%) (8.2%) (4.8%) (4.5%) (6.2%) (2.8%) (0.0%) (0.0%) (0.0%) 0.0% (0.0%) (2.6%) — (0.1%) (0.0%) (5.0%) (14.0%)
Profit before tax 239.7% 159.5% (1,768.4%) 32.6% 91.7% 40.0% (64.8%) (227.9%) 159.5% 102.5% 119.9% 175.4% 97.1% (33.2%) 60.3% — 83.4% 99.3% 90.2% 74.1%
Taxation (41.4%) (14.1%) 98.4% (2.0%) (21.9%) 1.3% (2.2%) (0.9%) (5.0%) (33.2%) (15.0%) (5.2%) (4.8%) (5.2%) 4.0% — (10.8%) (0.6%) 2.4% (7.3%)
Profit after tax 198.4% 145.4% (1,669.9%) 30.6% 69.8% 41.3% (67.0%) (228.8%) 154.5% 69.2% 104.9% 170.2% 92.3% (38.4%) 64.3% — 72.7% 98.7% 92.6% 66.9%
Profit attributable to shareholders 198.4% 145.4% (1,669.9%) 30.6% 69.8% 41.3% (67.0%) (228.8%) 154.5% 69.2% 104.9% 170.1% 92.2% (41.2%) 66.0% — 72.7% 98.7% 92.6% 66.9%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. * Figures in this period do not fully reconcile in the source data (hover the * for details). Updated 16 Oct 2026.

All reported line items 88
CYAN income statement — all reported line items (Rs mn)
Rs mn FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019 FY2018 Jan – Dec 2018 FY2017 Jan – Dec 2017 FY2016 Jan – Dec 2016 FY2015 Jan – Dec 2015
Investments & Loans - Business - Gain/(Loss) 281.2 223.3 26.3 664.1 511.7 237.4 325.7 235.1 460.5 483.9
Capital Gains/(Losses) - Unrealized - Total — — 0.0 3.7 — — — — — —
Investment Securities - Business - Gain/(Loss) 281.2 223.3 26.3 660.4 511.7 237.4 325.7 235.1 460.5 483.9
Derivatives - Hedging - Business - Fair Value Adjustments - Gain/(Loss) — — 0.0 3.7 — — — — — —
Investment Securities - Business Unclassified - Gain/(Loss) 281.2 223.3 26.3 660.4 511.7 237.4 325.7 235.1 460.5 483.9
Revenue from Business Activities - Total 281.2 223.3 26.3 664.1 511.7 237.4 325.7 235.1 460.5 483.9
Selling, General & Administrative Expenses - Total 35.7 36.0 51.5 185.9 244.5 144.5 114.7 96.4 113.0 218.1
Other Operating Expense/(Income) - Net 21.8 0.0 — — — — — — — —
Operating Expenses - Total 57.5 36.0 51.5 185.9 244.5 144.5 114.7 96.4 113.0 218.1
Operating Profit before Non-Recurring Income/(Expense) 223.7 187.3 (25.2) 478.2 267.2 92.9 211.0 138.7 347.4 265.8
Financing Income/(Expense) - Net - Total 0.0 (7.7) (69.8) (32.5) (42.2) (11.5) (14.7) (14.6) (13.0) (0.1)
Interest Expense - Net of (Interest Income) 0.0 7.7 69.8 32.5 42.2 11.5 14.7 14.6 13.0 0.1
Other Operating Expense 21.8 0.0 — — — — — — — —
Interest Expense - Net of Capitalized Interest 0.0 7.7 69.8 32.5 42.2 11.5 14.7 14.6 13.0 0.1
Other Non-Operating Income/(Expense) - Total (13.9) (16.4) 1.5 15.0 14.2 15.7 12.4 17.5 35.9 7.3
Normalized Pre-tax Profit 209.8 163.2 (93.5) 460.7 239.2 97.2 208.7 141.6 370.3 273.1
Non-Recurring Income/Expense - Total 464.2 193.0 (371.4) (243.9) 230.3 (2.3) (419.7) (677.4) 364.0 222.9
Fair Value Adjustments - Financial Investments 464.2 193.0 (371.4) (243.9) 230.3 (2.3) (419.7) (677.4) 364.0 222.9
Provision for Income Tax Expense- Unclassified 116.3 31.6 — — — — — — — —
Income before Taxes 673.9 356.2 (464.9) 216.8 469.5 94.9 (211.0) (535.9) 734.3 495.9
Income Taxes 116.3 31.6 (25.9) 13.4 112.2 (3.1) 7.1 2.0 23.0 160.9
Income Taxes for the Year - Current — — 22.2 103.9 12.2 20.4 29.1 44.6 54.9 94.9
Income Taxes - Deferred — — (58.3) (46.7) 100.1 (10.4) (22.0) (66.2) (31.8) 28.6
Income Taxes - Other (by Type) — — 10.2 (43.8) 0.0 (13.1) 0.0 23.7 0.0 37.4
Net Income after Tax 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Income before Discontinued Operations & Extraordinary Items 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Net Income before Minority Interest 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Net Income after Minority Interest 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Income Available to Common Shares 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
DPS - Common - Gross - Issue - By Period End Date Rs 5.00 0.00 0.00 10.00 5.00 0.95 0.00 0.00 4.76 3.81
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Income available to Common excluding Extraordinary Items 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Shares used to calculate Basic EPS - Total mn 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 1.52 2.14 (1.10) 7.27 2.06 1.63 3.28 2.27 5.64 1.82
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.52 2.14 (1.10) 7.27 2.06 1.63 3.28 2.27 5.64 1.82
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dilution Adjustment — — — — — 0.0 — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Diluted Income available to Common excluding Extraordinary Items 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Shares used to calculate Diluted EPS - Total mn 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 1.52 2.14 (1.10) 7.27 2.06 1.63 3.28 2.27 5.64 1.82
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 557.7 324.6 (439.0) 203.4 357.3 97.9 (218.1) (537.9) 711.2 335.0
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6 61.6
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 9.06 5.27 (7.13) 3.30 5.80 1.59 (3.54) (8.74) 11.55 5.44
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 1.52 2.14 (1.10) 7.27 2.06 1.63 3.28 2.27 5.64 1.82
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
DPS - Common - Gross - Issue - By Announcement Date Rs 4.00 0.00 4.00 11.00 0.95 0.00 2.38 0.00 8.57 40.48
DPS - Common - Net - Issue - By Announcement Date Rs 3.60 0.00 3.60 9.90 0.86 0.00 2.14 0.00 7.71 36.43
Earnings before Interest & Taxes (EBIT) 223.7 187.3 (25.2) 478.2 267.2 92.9 211.0 138.7 347.4 265.8
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 224.3 188.3 (20.7) 491.3 280.8 106.4 213.7 141.4 350.1 269.9
Depreciation & Amortization - Supplemental 0.7 0.9 4.5 13.1 — — — — — —
Depreciation Expense - Total - Supplemental 0.7 0.9 4.4 12.9 — — — — — —
Depreciation - Financial Lease Right-of-Use Assets - Supplemental — — 2.6 8.3 — — — — — —
Amortization - Total - Supplemental 0.0 0.0 0.1 0.1 — — — — — —
Intangible Amortization - Other - Supplemental 0.0 0.0 0.1 0.1 — — — — — —
Depreciation, Depletion & Amortization - Total 0.7 0.9 4.5 13.1 13.6 13.4 2.7 2.7 2.7 4.1
Depreciation - Total 0.7 0.9 4.4 12.9 13.4 13.3 2.6 — — —
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.0 1.1
Normalized after Tax Profit 93.5 131.6 (67.6) 447.3 127.0 100.2 201.6 139.5 347.2 112.2
Normalized Net Income from Continuing Operations 93.5 131.6 (67.6) 447.3 127.0 100.2 201.6 139.5 347.2 112.2
Normalized Net Income - Bottom Line 93.5 131.6 (67.6) 447.3 127.0 100.2 201.6 139.5 347.2 112.2
Earnings before Interest & Taxes (EBIT) - Normalized 209.8 170.9 (23.7) 493.2 281.4 108.6 223.4 156.2 383.3 273.1
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 210.5 171.8 (19.2) 506.2 294.9 122.1 226.1 158.9 386.0 277.2
Depreciation of Financial Lease Right-of-Use Assets — — 2.6 8.3 — — — — — —
Interest Expense on Financial Lease Liabilities - Supplemental — — 0.9 0.7 — — — — — —
Interest Expense 0.0 7.7 69.8 32.5 42.2 11.5 14.7 14.6 13.0 0.1
Operating Expenses 57.5 36.0 51.5 185.9 244.5 144.5 114.7 96.4 113.0 218.1
Selling, General & Administrative Expenses excluding Research & Development Expenses 35.7 36.0 51.5 185.9 244.5 144.5 114.7 96.4 113.0 218.1
Income before Taxes & Provision for Loan Losses 673.9 356.2 (464.9) 216.8 469.5 94.9 (211.0) (535.9) 734.3 495.9
DPS - Common - Gross - Issue - By Payable Date Rs 4.00 0.00 4.00 11.00 0.95 0.00 2.38 2.38 6.19 40.48
DPS - Common - Gross - Issue - By Ex Date Rs 4.00 0.00 4.00 11.00 0.95 0.00 2.38 0.00 8.57 40.48
Tax Adjusted Operating Income 557.7 331.6 — 233.8 389.4 109.8 — — 723.9 335.1
Operating Expenses excluding Non-Cash Charges - Total 56.8 35.0 47.0 172.8 231.0 131.1 112.0 93.7 110.4 214.0
Income Available to Common Shares before Depreciation & Amortization 558.4 325.5 (434.5) 216.5 370.8 111.4 (215.4) (535.2) 713.9 339.1
Fixed Charges — 7.7 69.8 32.5 42.2 11.5 14.7 14.6 13.0 0.1
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.35× 0.30× 0.30× 0.31× 0.32× 0.33×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 4.00 0.00 4.00 11.00 0.95 0.00 2.38 0.00 8.57 40.48

Every line the company reported, in the original order and wording, without regrouping or signs changed. Latest 10 periods; the table above goes back further.