Last close · 16 Oct 2026
Rs 508.00 +0.21%
Financials
Thal Limited (THALL) financials
20 years of annual results (FY2007 – FY2026).
Thal Limited (THALL) reported revenue of Rs 44.3 bn for FY2026 (Jul 2025 – Jun 2026), up 33.6% from FY2025.
Profit attributable to shareholders was Rs 10.5 bn (EPS Rs 129.04), up 44.1%, a net margin of 25.6%.
It declared a dividend of Rs 30.00 per share for FY2026 and has paid a dividend in each of the last 18 years.
The balance sheet showed net cash of Rs 20.2 bn.
Return on equity was 18.5%.
Over the last five years revenue grew at a compound 8.4% a year.
At Rs 508.00 (close on 16 Oct 2026) the shares trade at 3.9× earnings (FY2026) and 0.67× book value, with a dividend yield of 5.9%.
Fundamentals
THALL at a glance
Revenue · FY2026
Rs 44.3 bn
▲ 33.6% year on year
Profit attributable to shareholders · FY2026
Rs 10.5 bn
▲ 44.1% year on year
EPS – basic (Rs) · FY2026
Rs 129.04
▲ 44.1% year on year
Dividend per share (Rs) · FY2026
Rs 30.00
▲ 200.0% year on year
Net margin · FY2026
25.6%
+1.2 pts year on year
Debt to equity · FY2026
7.4%
-2.3 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 44.3 bn
- Profit attributable · FY2026
- Rs 10.5 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 92.4 bn
- Equity · FY2026
- Rs 61.0 bn
Financial highlights
THALL financial results
| 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 | 44.3 | 33.1 | 29.4 | 33.1 | 39.8 |
| Gross profit | 7.0 | 3.2 | 2.8 | 4.1 | 6.5 |
| Operating profit | 4.1 | 3.2 | 5.5 | 1.5 | 3.9 |
| Profit after tax | 1.2 | 0.9 | 0.4 | 1.8 | 3.9 |
| Profit attributable to shareholders | 10.5 | 7.3 | 8.5 | 4.4 | 5.8 |
| EPS – basic (Rs) Rs | 129.04 | 89.54 | 105.06 | 54.40 | 71.71 |
| Dividend per share (Rs) Rs | 30.00 | 10.00 | 8.00 | 8.00 | 7.50 |
| Total assets | 92.4 | 81.0 | 72.0 | 61.6 | 55.0 |
| Total equity | 68.6 | 59.6 | 53.0 | 46.0 | 41.6 |
| Total debt | 5.1 | 5.8 | 6.5 | 5.8 | 4.4 |
| Net cash from operating activities | 13.1 | 2.6 | 5.6 | 3.3 | 3.5 |
| Capital expenditure | (1.8) | (1.1) | (1.4) | (1.9) | (2.7) |
| Free cash flow (operating cash flow − capex) | 11.3 | 1.5 | 4.2 | 1.4 | 0.8 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 15 Oct 2026.