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Cable & Electrical Goods

WAVESAPP Waves Home Appliances Limited

Latest results: FY2025 · Dec 2025

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Last close · 16 Oct 2026

Rs 7.37 +0.27%

Annual · FY2016 – FY2025

Waves Home Appliances Limited (WAVESAPP) balance sheet

At the end of FY2025 (Jan – Dec 2025) Waves Home Appliances Limited had total assets of Rs 19.6 bn, up 5.6% on FY2024. Current assets of Rs 7.9 bn covered current liabilities of Rs 7.2 bn 1.10 times. Total debt was Rs 4.6 bn, net debt Rs 4.6 bn. Shareholders' equity was Rs 8.1 bn (Rs 31.19 per share), 41.4% of total assets.

WAVESAPP balance sheet (annual) (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jul 2020 – Jun 2021
Assets
Cash & short-term investments 0.0 0.0 0.4 0.4 0.0
Trade receivables 4.9 4.2 3.0 4.2 0.0
Inventories 2.1 2.1 2.6 2.9 —
Other current assets 0.7 0.7 0.8 0.5 —
Total current assets 7.9 7.3 6.8 8.0 0.0
Property, plant & equipment 8.2 8.3 7.5 5.5 —
Intangible assets 2.7 2.8 2.8 2.8 —
Long-term investments 0.8 0.1 0.1 0.0 —
Other non-current assets 0.0 0.0 0.0 0.0 —
Total non-current assets 11.7 11.2 10.5 8.4 0.0
Total assets 19.6 18.5 17.3 16.4 0.0
Liabilities
Trade payables 2.8 2.6 2.2 1.8 0.0
Short-term borrowings & current portion of debt 0.7 0.9 3.0 3.4 —
Total current liabilities 7.2 4.5 6.5 6.0 0.0
Long-term debt 3.9 3.6 0.8 0.9 —
Other non-current liabilities 0.0 2.0 1.9 1.8 —
Total non-current liabilities 4.3 6.0 3.1 3.0 —
Total liabilities 11.5 10.6 9.7 9.0 0.0
Equity
Share capital 2.7 2.7 2.7 2.7 0.3
Reserves & retained earnings 5.4 5.3 4.9 4.7 (0.3)
Equity attributable to shareholders 8.1 8.0 7.6 7.3 (0.0)
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 8.1 8.0 7.6 7.3 (0.0)
Total liabilities & equity 19.6 18.5 17.3 16.4 0.0
Key figures
Total debt 4.6 4.6 3.8 4.3 —
Net debt / (net cash) 4.6 4.6 3.4 3.9 (0.0)
Shares outstanding mn 259.6 259.6 259.6 259.6 11.5
Common equity 8.1 8.0 7.6 7.3 (0.0)
Book value per share (Rs) Rs 31.19 30.70 29.34 28.27 (3.41)
WAVESAPP balance sheet — year-on-year change (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jul 2020 – Jun 2021
Assets
Cash & short-term investments +528.2% -99.2% +7.7% +677,392.7% -97.7%
Trade receivables +15.5% +41.0% -29.2% — —
Inventories -0.9% -19.4% -9.7% — —
Other current assets -1.6% -11.6% +57.6% — —
Total current assets +7.5% +7.3% -14.9% +13,776,649.9% -99.9%
Property, plant & equipment -1.9% +10.8% +37.0% — —
Intangible assets -1.2% -1.2% -1.3% — —
Long-term investments +774.1% -35.4% — — —
Other non-current assets -6.5% -1.2% -23.3% — —
Total non-current assets +4.3% +7.0% +25.4% +568,848.5% —
Total assets +5.6% +7.1% +5.6% +1,071,514.1% -98.5%
Liabilities
Trade payables +5.2% +16.4% +26.1% +4,271.0% -30.7%
Short-term borrowings & current portion of debt -26.5% -68.9% -11.1% — —
Total current liabilities +58.8% -31.1% +9.2% +14,618.8% -75.4%
Long-term debt +8.0% +363.3% -9.7% — —
Other non-current liabilities -99.4% +3.7% +10.1% — —
Total non-current liabilities -28.9% +93.0% +3.1% — —
Total liabilities +8.6% +9.1% +7.1% +22,084.4% -75.4%
Equity
Share capital 0.0% 0.0% 0.0% +902.3% 0.0%
Reserves & retained earnings +2.4% +7.2% +5.9% — —
Equity attributable to shareholders +1.6% +4.7% +3.8% — —
Non-controlling interest — — — — —
Total equity +1.6% +4.7% +3.8% — —
Total liabilities & equity +5.6% +7.1% +5.6% +1,071,514.1% -98.5%
Key figures
Total debt +0.9% +20.3% -10.8% — —
Net debt / (net cash) +0.5% +35.3% -12.7% — -100.1%
Shares outstanding — — — — —
Common equity +1.6% +4.7% +3.8% — —
Book value per share (Rs) +1.6% +4.7% +3.8% — —

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

WAVESAPP balance sheet — common size (Rs mn)
Rs mn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jul 2020 – Jun 2021
Assets
Cash & short-term investments 0.1% 0.0% 2.5% 2.4% 3.8%
Trade receivables 24.9% 22.7% 17.3% 25.8% 0.0%
Inventories 10.7% 11.4% 15.2% 17.7% —
Other current assets 3.5% 3.7% 4.5% 3.0% —
Total current assets 40.2% 39.5% 39.4% 48.9% 3.8%
Property, plant & equipment 41.9% 45.0% 43.5% 33.6% —
Intangible assets 13.9% 14.9% 16.1% 17.3% —
Long-term investments 3.9% 0.5% 0.8% 0.0% —
Other non-current assets 0.1% 0.1% 0.2% 0.2% —
Total non-current assets 59.8% 60.5% 60.6% 51.1% 96.2%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 14.1% 14.1% 13.0% 10.9% 2,665.9%
Short-term borrowings & current portion of debt 3.5% 5.1% 17.5% 20.8% —
Total current liabilities 36.6% 24.3% 37.9% 36.6% 2,665.9%
Long-term debt 20.1% 19.7% 4.5% 5.3% —
Other non-current liabilities 0.1% 10.9% 11.2% 10.8% —
Total non-current liabilities 22.0% 32.6% 18.1% 18.6% —
Total liabilities 58.6% 57.0% 56.0% 55.2% 2,665.9%
Equity
Share capital 13.7% 14.5% 15.5% 16.4% 17,490.3%
Reserves & retained earnings 27.7% 28.5% 28.5% 28.5% (20,056.2%)
Equity attributable to shareholders 41.4% 43.0% 44.0% 44.8% (2,565.9%)
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 41.4% 43.0% 44.0% 44.8% (2,565.9%)
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 23.7% 24.8% 22.0% 26.1% —
Net debt / (net cash) 23.6% 24.7% 19.6% 23.7% (3.8%)
Common equity 41.4% 43.0% 44.0% 44.8% (2,565.9%)

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.

All reported line items 139
WAVESAPP balance sheet — all reported line items (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jul 2020 – Jun 2021
Cash & Cash Equivalents 0.0 0.0 0.0 0.0 0.0
Cash & Short Term Investments 0.0 0.0 0.4 0.4 0.0
Short-Term Investments - Total 0.0 0.0 0.4 0.4 —
Loans & Receivables - Net - Short-Term 5.1 4.5 3.0 4.2 0.0
Loans & Receivables - Total 5.1 4.5 3.0 4.2 0.0
Trade Accounts & Trade Notes Receivable - Net 4.9 4.2 3.0 4.2 0.0
Loans - Short-Term — — — — —
Income Tax - Receivables - Short-Term 0.2 0.3 0.0 0.0 —
Receivables - Other - Total — — — — —
Inventories - Total 2.1 2.1 2.6 2.9 —
Inventories - Raw Materials 0.0 0.0 0.0 0.0 —
Inventories - Finished Goods 2.1 2.1 2.6 2.9 —
Investments - Total 0.8 0.1 0.6 0.4 —
Assets Held for Sale/Discontinued Operations - Short-Term — — — — —
Other Current Assets - Total 0.7 0.7 0.8 0.5 —
Property, Plant & Equipment - Net - Total 8.2 8.3 7.5 5.5 —
Property, Plant & Equipment - Gross - Total — — — — —
Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total — — — — —
Other Current Assets 0.7 0.7 0.8 0.5 —
Other Assets - Total 0.7 0.7 0.8 0.5 —
Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries — — — — —
Intangible Assets - Total - Net 2.7 2.8 2.8 2.8 —
Total Current Assets 7.9 7.3 6.8 8.0 0.0
Intangible Assets - excluding Goodwill - Net - Total — — — — —
Investments - Long-Term 0.8 0.1 0.1 0.0 —
Investment Property - Net 0.8 0.1 0.1 0.0 —
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — — — —
Right of Use Tangible Assets - Total - Net — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Net — — — — —
Property, Plant & Equipment - Other - Net — — — — —
Property, Plant & Equipment - excluding Assets Leased Out - Gross — — — — —
Right of Use Tangible Assets - Total - Gross — — — — —
Total Assets 19.6 18.5 17.3 16.4 0.0
Right of Use Tangible Assets - Capital/Finance Lease - Gross — — — — —
Debt - Total 4.6 4.6 3.8 4.3 —
Short-Term Debt & Current Portion of Long-Term Debt 0.7 0.9 3.0 3.4 —
Property, Plant & Equipment - excluding Assets Leased Out - Accumulated Depreciation & Impairment - Total — — — — —
Current Portion of Long-Term Debt including Capitalized Leases — — — — —
Capitalized Leases - Current Portion — — — — —
Short-Term Debt & Notes Payable 0.7 0.9 3.0 3.4 —
Debt - Long-Term - Total 3.9 3.6 0.8 0.9 —
Right of Use Tangible Assets - Total/Unspecified - Accumulated Depreciation — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation — — — — —
Current Portion of Long-Term Debt excluding Capitalized Leases — — — — —
Assets Held for Sale/Discontinued Operations - Long-Term — — — 0.0 0.0
Capitalized Lease Obligations - Long-Term 0.0 0.0 0.0 0.1 —
Long-Term Debt excluding Capitalized Leases 3.9 3.6 0.8 0.8 —
Other Non-Current Assets - Total 0.0 0.0 0.0 0.0 —
Debt - Non-Convertible - Long-Term 3.9 3.6 0.8 0.8 —
Dividends Payable — — — — —
Deferred Tax & Investment Tax Credits - Long-Term 0.4 0.4 0.4 0.4 —
Deferred Tax - Liability - Long-Term 0.4 0.4 0.4 0.4 —
Payables & Accrued Expenses 2.8 2.6 2.2 1.8 0.0
Trade Account Payables - Total 2.8 2.6 2.2 1.8 0.0
Other Non-Current Assets 0.0 0.0 0.0 0.0 —
Total Liabilities 11.5 10.6 9.7 9.0 0.0
Shareholders' Equity - Attributable to Parent Shareholders - Total 8.1 8.0 7.6 7.3 (0.0)
Total Non-Current Assets 11.7 11.2 10.5 8.4 0.0
Common Equity Attributable to Parent Shareholders 8.1 8.0 7.6 7.3 (0.0)
Common Equity - Contributed 2.7 2.7 2.7 2.7 0.3
Common Stock - Issued & Paid 2.7 2.7 2.7 2.7 0.3
Equity - Non-Contributed - Reserves & Retained Earnings 5.4 5.3 4.9 4.7 (0.3)
Retained Earnings - Total 4.7 4.5 4.3 4.2 (0.4)
Trade Accounts Payable & Accruals - Short-Term 2.8 2.6 2.2 1.8 0.0
Comprehensive Income - Accumulated - Total 0.3 0.3 0.4 0.3 —
Trade Accounts & Trade Notes Payable - Short-Term 2.8 2.6 2.2 1.8 0.0
Other Reserves/Equity - Total 0.4 0.4 0.2 0.1 0.1
Income Taxes - Payable - Short-Term — — 0.1 0.0 —
Dividends/Distributions Payable — — — — —
Other Current Liabilities - Total 3.7 1.0 1.2 0.8 —
Common Equity - Total 8.1 8.0 7.6 7.3 (0.0)
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 8.1 8.0 7.6 7.3 (0.0)
Total Liabilities & Equity 19.6 18.5 17.3 16.4 0.0
Other Current Liabilities 3.7 1.0 1.2 0.8 —
Revaluation Reserves 0.3 0.3 0.4 0.3 —
Total Current Liabilities 7.2 4.5 6.5 6.0 0.0
Other Non-Current Liabilities - Total 0.0 2.0 1.9 1.8 —
Provisions - Long-Term 0.0 0.0 0.0 0.0 —
Post Employment Benefits - Pension & Other - Long-Term 0.0 0.0 0.0 0.0 —
Deferred Revenue - Long-Term 0.0 0.0 0.0 0.0 —
Other Non-Current Liabilities 0.0 2.0 1.9 1.7 —
Total Non-Current Liabilities 4.3 6.0 3.1 3.0 —
Common Shares - Issued - Total mn 259.6 259.6 259.6 259.6 11.5
Common Shares - Outstanding - Total mn 259.6 259.6 259.6 259.6 11.5
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 411.8 411.8 411.8 411.8 12.9
Common Shares - Issued - Issue Specific mn 259.6 259.6 259.6 259.6 11.5
Common Shares - Outstanding - Issue Specific mn 259.6 259.6 259.6 259.6 11.5
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Right of Use Tangible Assets - Total - Net - Supplemental — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Net - Supplemental — — — — —
Right of Use Tangible Assets - Total - Gross - Supplemental — — — — —
Right of Use Tangible Assets - Capital/Finance Lease - Gross - Supplemental — — — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net - Supplemental — — — — —
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Gross - Supplemental — — — — —
Finance and Operating Lease Liabilities - Total - Supplemental 0.0 0.0 0.0 0.1 —
Debt including Finance and Operating Lease Liabilities - Supplemental 4.6 4.6 3.8 4.3 —
Net Debt 4.6 4.6 3.4 3.9 (0.0)
Asset Accruals 19.5 18.5 17.3 16.4 0.0
Cash & Cash Equivalents - Total 0.0 0.0 0.0 0.0 0.0
Cash & Short Term Investments - Total 0.0 0.0 0.4 0.4 0.0
Debt - including Preferred Equity & Minority Interest - Total 4.6 4.6 3.8 4.3 —
Right of Use Tangible Assets - Total - Accumulated Depreciation - Supplemental — — — — —
Investments - Permanent 0.8 0.1 0.1 0.0 —
Net Book Capital 12.7 12.6 11.0 11.2 (0.0)
Right of Use Tangible Assets - Capital/Finance Lease - Accumulated Depreciation - Supplemental — — — — —
Net Operating Assets 12.7 12.6 11.0 11.2 (0.0)
Provisions - Total 0.4 0.4 0.4 0.4 —
Shareholders Equity - Common 8.1 8.0 7.6 7.3 (0.0)
Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Accumulated Depreciation - Supplemental — — — — —
Tangible Total Equity 5.4 5.2 4.8 4.5 (0.0)
Tangible Book Value 5.4 5.2 4.8 4.5 (0.0)
Total Book Capital 12.7 12.6 11.4 11.6 (0.0)
Total Capital 12.7 12.6 11.4 11.6 (0.0)
Total Long Term Capital 12.4 14.0 10.7 10.4 (0.0)
Unearned Revenue - Total 0.0 0.0 0.0 0.0 —
Book Value excluding Other Equity 7.7 7.5 7.4 7.2 (0.2)
Assets Held for Sale/Discontinued Operations - Long-Term & Short-Term — — — 0.0 0.0
Income Taxes - Payable - Long-Term & Short-Term — — 0.1 0.0 —
Accruals - Short-Term 0.7 2.8 0.3 2.0 (0.0)
Cash & Short Term Investments - Net of Debt (4.6) (4.6) (3.4) (3.9) 0.0
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments — — — — —
Total Fixed Assets - Net 11.7 11.2 10.5 8.4 0.0
Working Capital 0.7 2.8 0.3 2.0 (0.0)
Interest Bearing Liabilities - Total 4.6 4.6 3.8 4.3 —
Working Capital - Non-Cash 0.7 2.8 (0.2) 1.6 (0.0)
Working Capital excluding Other Current Assets & Liabilities 3.7 3.1 0.7 2.3 —
Net Debt Including Preferred Equity & Minority Interest 4.6 4.6 3.4 3.9 (0.0)
Other Short-Term & Long-Term Assets - Total 0.7 0.7 0.8 0.5 —
Other Short-Term & Long-Term Liabilities - Total 3.7 3.0 3.2 2.6 —
Total Current Assets excluding Total Inventories 5.8 5.2 4.2 5.1 —
Tangible Book Value excluding Other Equity 5.0 4.8 4.6 4.4 (0.2)
Total Debt Excluding Islamic 4.6 4.6 3.8 4.3 —
Trade Accounts & Trade Notes Receivable - Net - Total 4.9 4.2 3.0 4.2 0.0
Current Liabilities excluding Current Debt - Total 6.5 3.6 3.5 2.6 —
Cash in Hand & with Banks - Total 0.0 0.0 0.0 0.0 0.0
Current Assets excluding Cash & Short Term Investments - Total 7.8 7.3 6.4 7.6 0.0
Cash, Short Term Investments & Accounts Receivable - Total 4.9 4.2 3.4 4.6 0.0

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