Skip to content
Smart Money
Create free account Log in

Glass & Ceramics

GHGL Ghani Glass Limited

Latest results: FY2026 · Jun 2026

Watch GHGL · free results alerts

Last close · 16 Oct 2026

Rs 39.22 +0.36%

Annual · FY2007 – FY2026

Ghani Glass Limited (GHGL) income statement

Ghani Glass Limited reported revenue of Rs 48.4 bn for FY2026 (Jul 2025 – Jun 2026), up 5.6% on FY2025. Gross profit came to Rs 14.1 bn, a gross margin of 29.1%. Operating profit was Rs 8.8 bn (an operating margin of 18.3%). Finance cost was Rs 8.1 mn, down 44.7% on FY2025. Tax of Rs 2.0 bn took 22.5% of pre-tax profit. Profit attributable to shareholders was Rs 7.2 bn, up 22.4% on FY2025, or Rs 7.23 per share.

GHGL income statement (annual) (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 48.4 45.8 47.8 40.7 30.8
Cost of revenue (34.3) (33.3) (34.7) (29.4) (21.8)
Gross profit 14.1 12.5 13.1 11.3 9.0
Selling, general & administrative expenses (5.4) (5.5) (5.8) (3.7) (3.0)
Operating profit 8.8 7.0 7.4 7.9 6.4
Finance cost (0.0) (0.0) (0.0) (0.0) (0.0)
Profit before tax 8.7 6.9 7.1 8.0 6.2
Taxation (2.0) (1.6) (1.3) (0.4) (0.2)
Profit after tax 6.7 5.3 5.8 7.5 6.0
Profit attributable to shareholders 7.2 5.9 6.8 8.1 6.0
Per share & other
EPS – basic (Rs) Rs 7.23 5.90 6.75 8.10 6.05
EPS – diluted (Rs) Rs 7.23 5.90 6.75 8.10 6.05
Dividend per share (Rs) Rs 3.50 1.50 1.00 1.84 2.10
EBITDA 10.9 8.8 9.2 9.7 7.9
Depreciation & amortisation 2.0 1.9 1.8 1.8 1.6
Weighted average shares mn 999.7 999.7 999.7 999.7 999.7
GHGL income statement — year-on-year change (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue +5.6% -4.2% +17.4% +32.1% +43.6%
Cost of revenue +3.0% -3.9% +17.8% +34.9% +31.2%
Gross profit +12.7% -5.0% +16.4% +25.1% +85.8%
Selling, general & administrative expenses -1.6% -4.4% +55.6% +24.1% +65.6%
Operating profit +26.7% -5.4% -6.2% +23.7% +98.6%
Finance cost -44.7% -14.0% +38.8% +16.5% -15.9%
Profit before tax +26.3% -3.3% -10.7% +28.0% +105.7%
Taxation +24.1% +22.9% +194.6% +124.3% —
Profit after tax +27.0% -9.1% -22.6% +24.9% +96.3%
Profit attributable to shareholders +22.4% -12.6% -16.6% +33.9% +88.0%
Per share & other
EPS – basic (Rs) +22.4% -12.6% -16.6% +33.9% +73.2%
EPS – diluted (Rs) +22.4% -12.6% -16.6% +33.9% +73.2%
Dividend per share (Rs) +133.3% +50.0% -45.6% -12.4% -73.7%
EBITDA +23.3% -4.1% -5.1% +22.2% +78.9%
Depreciation & amortisation +10.2% +1.1% -0.4% +16.2% +27.9%
Weighted average shares — — — — —

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

GHGL income statement — common size (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (70.9%) (72.8%) (72.5%) (72.3%) (70.8%)
Gross profit 29.1% 27.2% 27.5% 27.7% 29.2%
Selling, general & administrative expenses (11.3%) (12.1%) (12.1%) (9.1%) (9.7%)
Operating profit 18.3% 15.2% 15.4% 19.3% 20.6%
Finance cost (0.0%) (0.0%) (0.0%) (0.0%) (0.0%)
Profit before tax 18.0% 15.0% 14.9% 19.6% 20.2%
Taxation (4.0%) (3.4%) (2.7%) (1.1%) (0.6%)
Profit after tax 13.9% 11.6% 12.2% 18.5% 19.5%
Profit attributable to shareholders 14.9% 12.9% 14.1% 19.9% 19.6%
Per share & other
EBITDA 22.5% 19.3% 19.3% 23.8% 25.8%
Depreciation & amortisation 4.2% 4.0% 3.8% 4.5% 5.1%

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 137
GHGL income statement — all reported line items (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue from Goods & Services 48.4 45.8 47.8 40.7 30.8
Sales Returns, Allowances & Other Revenue Adjustments 8.8 7.7 7.2 6.8 5.2
Revenue Taxes 1.3 2.2 1.2 4.1 0.1
Gross Revenue from Business Activities - Total 58.5 55.6 56.1 51.6 36.2
Revenue from Business-Related Activities - Other - Total — — — — —
Revenue from Business Activities - Total 48.4 45.8 47.8 40.7 30.8
Cost of Operating Revenue 34.3 33.3 34.7 29.4 21.8
Cost of Financing-Related Operations — — — — —
Cost of Revenues - Total 34.3 33.3 34.7 29.4 21.8
Selling, General & Administrative Expenses - Total 5.4 5.5 5.8 3.7 3.0
Selling, General & Administrative Expenses - Unclassified 2.9 3.3 3.6 1.5 1.2
Amortization in Cost of Revenues 0.0 0.0 0.0 0.0 0.0
Depreciation in Cost of Revenues 1.9 1.7 1.7 1.7 1.5
Depreciation in Selling, General & Administrative Expenses 0.1 0.1 0.1 0.1 0.1
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues 4.2 3.4 3.1 2.9 2.3
Amortization of Intangibles in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Material Expenses 22.6 21.6 27.8 26.6 17.8
Utility Cost of Revenue - Purchased Power 12.2 11.7 14.9 13.1 10.5
Other Operating Expense/(Income) - Net (0.2) (0.0) (0.0) (0.3) (0.3)
Other Operating Income - Total 0.6 0.3 0.2 0.4 0.4
Materials Purchased 10.2 9.5 12.6 13.3 7.1
Ground leases/Rental Expenses in Cost of Revenues 0.3 0.3 0.3 0.2 0.2
Cost of Revenues - Other - Total 5.6 6.6 1.9 (1.8) 0.2
Gross Profit - Industrials/Property - Total 14.1 12.5 13.1 11.3 9.0
Operating Expenses - Total 39.5 38.8 40.4 32.8 24.5
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses 2.5 2.0 1.8 1.8 1.5
Selling, General & Administrative Expenses - Other - Total (0.1) 0.1 0.3 0.3 0.2
Advertising Expense 0.1 0.3 0.1 0.2 0.1
Rental Expense 0.0 0.0 0.0 0.0 0.0
Operating Profit before Non-Recurring Income/(Expense) 8.8 7.0 7.4 7.9 6.4
Financing Income/(Expense) - Net - Total (0.1) (0.0) (0.0) 0.1 (0.1)
Interest Expense - Net of (Interest Income) 0.0 0.0 0.0 0.0 0.0
Other Operating Expense 0.3 0.3 0.1 0.1 0.0
Interest Expense - Net of Capitalized Interest 0.0 0.0 0.0 0.0 0.0
Provision for Doubtful Accounts & Write-off (0.2) (0.2) 0.2 0.2 0.1
Non-Interest Financial Income/(Expense) - Total (0.1) 0.0 (0.0) 0.2 (0.1)
Non-Interest Financial Income/(Expense) - Other - Net 0.0 (0.0) (0.0) (0.1) (0.1)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 0.0 0.0 0.0 0.0 0.0
Other Non-Operating Income/(Expense) - Total (0.0) (0.1) (0.3) (0.1) (0.0)
Foreign Exchange Gain/(Loss) - Non-Business (0.1) — — 0.2 (0.0)
Normalized Pre-tax Profit 8.7 6.9 7.1 8.0 6.2
Non-Recurring Income/Expense - Total (0.0) (0.0) 0.0 (0.0) 0.0
Impairment - Tangible & Intangible Fixed Assets — — — — —
Impairment - Fixed Assets — — — — —
Dividend & Investment Income 0.0 0.0 0.0 0.0 0.0
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) — — — — —
Fair Value Adjustments - Financial Investments (0.0) (0.0) 0.0 (0.0) 0.0
Provision for Income Tax Expense- Unclassified — — — — —
Income before Taxes 8.7 6.9 7.1 8.0 6.2
Equity in Earnings/(Loss) of Affiliates (after Taxes) 0.5 0.6 0.9 0.6 0.0
Income Taxes 2.0 1.6 1.3 0.4 0.2
Impairment - Goodwill — — — — —
Income Taxes for the Year - Current 1.9 1.7 1.4 (0.0) (0.1)
Income Taxes - Domestic - Current — — — — —
Income Taxes - Other (KFAS/NLST) - Current — — — — —
Income Taxes - Deferred (0.0) (0.1) (0.1) 0.2 0.3
Income Taxes - Other (by Type) 0.0 0.0 0.0 0.3 —
Net Income after Tax 6.7 5.3 5.8 7.5 6.0
Income before Discontinued Operations & Extraordinary Items 7.2 5.9 6.8 8.1 6.0
Net Income before Minority Interest 7.2 5.9 6.8 8.1 6.0
Net Income after Minority Interest 7.2 5.9 6.8 8.1 6.0
Income Available to Common Shares 7.2 5.9 6.8 8.1 6.0
Other Comprehensive Income - Starting Line 7.2 5.9 6.8 8.1 6.0
Other Comprehensive Income - Foreign Currency (0.0) 0.0 (0.1) 0.5 0.4
Other Comprehensive Income - Net of Tax - Total (0.0) 0.0 (0.1) 0.5 0.4
Comprehensive Income before Minority Interest - Total 7.2 5.9 6.7 8.6 6.4
Comprehensive Income - Attributable to Parent Company Equity Holders - Total 7.2 5.9 6.7 8.6 6.4
DPS - Common - Gross - Issue - By Period End Date Rs 3.50 1.50 1.00 1.84 2.10
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 7.2 5.9 6.8 8.1 6.0
Income available to Common excluding Extraordinary Items 7.2 5.9 6.8 8.1 6.0
Shares used to calculate Basic EPS - Total mn 999.7 999.7 999.7 999.7 999.7
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 7.23 5.90 6.75 8.10 6.05
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 7.23 5.90 6.75 8.10 6.05
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 7.23 5.91 6.75 8.10 6.05
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 7.2 5.9 6.8 8.1 6.0
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 999.7 999.7 999.7 999.7 999.7
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 7.23 5.90 6.75 8.10 6.05
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 7.23 5.90 6.75 8.10 6.05
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 7.23 5.91 6.75 8.10 6.05
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs 7.18 5.94 6.67 8.56 6.40
Dilution Adjustment — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 7.2 5.9 6.8 8.1 6.0
Diluted Income available to Common excluding Extraordinary Items 7.2 5.9 6.8 8.1 6.0
Shares used to calculate Diluted EPS - Total mn 999.7 999.7 999.7 999.7 999.7
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 7.23 5.90 6.75 8.10 6.05
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 7.23 5.90 6.75 8.10 6.05
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 7.23 5.91 6.75 8.10 6.05
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 7.2 5.9 6.8 8.1 6.0
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 999.7 999.7 999.7 999.7 999.7
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 7.23 5.90 6.75 8.10 6.05
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 7.23 5.90 6.75 8.10 6.05
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 7.23 5.91 6.75 8.10 6.05
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs 7.18 5.94 6.67 8.56 6.40
DPS - Common - Gross - Issue - By Announcement Date Rs 4.00 1.00 1.00 0.84 2.94
DPS - Common - Net - Issue - By Announcement Date Rs 3.60 0.90 0.90 0.76 2.64
Earnings before Interest & Taxes (EBIT) 8.8 7.0 7.4 7.9 6.4
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 10.9 8.8 9.2 9.7 7.9
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments 11.2 9.2 9.5 9.9 8.1
Depreciation & Amortization - Supplemental 2.0 1.9 1.8 1.8 1.6
Depreciation Expense - Total - Supplemental 2.0 1.8 1.8 1.8 1.6
Amortization - Total - Supplemental 0.0 0.0 0.0 0.0 0.0
Intangible Amortization - Other - Supplemental 0.0 0.0 0.0 0.0 0.0
Depreciation, Depletion & Amortization - Total 2.0 1.9 1.8 1.8 1.6
Depreciation - Total 2.0 1.8 1.8 1.8 1.6
Amortization of Goodwill - Total — — — — —
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses - Total 6.7 5.4 4.9 4.7 3.8
Labor & Related Expenses - Supplemental 6.7 5.4 4.9 4.7 3.8
Auditor Fees 0.0 0.0 0.0 0.0 0.0
Audit-Related Fees 0.0 0.0 0.0 0.0 0.0
Fees - Other 0.0 0.0 0.0 0.0 0.0
Normalized after Tax Profit 6.7 5.3 5.8 7.5 6.0
Normalized Net Income from Continuing Operations 7.2 5.9 6.7 8.1 6.0
Normalized Net Income - Bottom Line 7.2 5.9 6.7 8.1 6.0
Earnings before Interest & Taxes (EBIT) - Normalized 8.7 6.9 7.1 8.0 6.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 10.7 8.7 9.0 9.8 7.8
Interest Expense on Financial Lease Liabilities - Supplemental 0.0 0.0 0.0 0.0 0.0
Rental/Operating Lease Expense 0.3 0.3 0.3 0.2 0.2
Advertising Expenses - Supplemental 0.1 0.3 0.1 0.2 0.1
Interest Expense 0.0 0.0 0.0 0.0 0.0
Operating Expenses 39.5 38.8 40.4 32.8 24.5
Selling, General & Administrative Expenses excluding Research & Development Expenses 5.4 5.5 5.8 3.7 3.0
Income before Taxes & Provision for Loan Losses 8.7 6.9 7.1 8.0 6.2
Cost of Revenue including Operation & Maintenance (Utility) - Total 34.3 33.3 34.7 29.4 21.8
Cost of Revenues excluding Depreciation 32.4 31.6 32.9 27.7 20.3
DPS - Common - Gross - Issue - By Payable Date Rs 4.00 1.00 1.00 0.84 2.94
DPS - Common - Gross - Issue - By Ex Date Rs 4.00 1.00 1.00 0.84 2.94
Tax Adjusted Operating Income 7.2 5.9 6.8 8.1 6.1
Operating Expenses excluding Non-Cash Charges - Total 37.5 37.0 38.6 31.0 22.9
Income Available to Common Shares before Depreciation & Amortization 9.3 7.8 8.6 9.9 7.6
Fixed Charges 0.0 0.0 0.0 0.0 0.0
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 4.00 1.00 1.00 0.84 2.94

Every line the company reported, in the original order and wording, without regrouping or signs changed.