Last close · 16 Oct 2026
Rs 7.26 -1.22%
Financials
Waves Home Appliances Limited (WAVESAPP) financials
10 years of annual results (FY2016 – FY2025).
Waves Home Appliances Limited (WAVESAPP) reported revenue of Rs 3.7 bn for FY2025 (Jan – Dec 2025), up 15.7% from FY2024.
Profit attributable to shareholders was Rs 189.2 mn (EPS Rs 0.73), up 23.4%, a net margin of 5.2%.
No cash dividend was declared for FY2025.
Net debt stood at Rs 4.6 bn.
Return on equity was 2.4%.
At Rs 7.26 (close on 16 Oct 2026) the shares trade at 9.9× earnings (FY2025) and 0.23× book value.
Fundamentals
WAVESAPP at a glance
Revenue · FY2025
Rs 3.7 bn
▲ 15.7% year on year
Profit attributable to shareholders · FY2025
Rs 189.2 mn
▲ 23.4% year on year
EPS – basic (Rs) · FY2025
Rs 0.73
▲ 24.6% year on year
Dividend per share (Rs) · FY2025
Rs 0.00
Net margin · FY2025
5.2%
+0.3 pts year on year
Debt to equity · FY2025
57.2%
-0.4 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 3.7 bn
- Profit attributable · FY2025
- Rs 189.2 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 19.6 bn
- Equity · FY2025
- Rs 8.1 bn
Financial highlights
WAVESAPP financial results
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 | FY2016 Jul 2015 – Jun 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.7 | 3.2 | 4.2 | 7.4 | — | 0.0 | 0.0 | 0.4 | 1.0 | 1.3 |
| Gross profit | 1.0 | 0.9 | 1.0 | 1.5 | — | 0.0 | (0.0) | (0.4) | (0.1) | 0.1 |
| Operating profit | 0.8 | 0.8 | 0.5 | 0.7 | (0.0) | 0.0 | 0.0 | (0.4) | (0.2) | (0.0) |
| Profit after tax | 0.2 | 0.2 | 0.1 | 0.0 | (0.0) | (0.0) | 0.1 | (0.9) | (0.3) | (0.1) |
| Profit attributable to shareholders | 0.2 | 0.2 | 0.1 | 0.0 | (0.0) | (0.0) | 0.1 | (0.9) | (0.3) | (0.1) |
| EPS – basic (Rs) Rs | 0.73 | 0.59 | 0.45 | 0.05 | (1.62) | (0.17) | 7.92 | (78.03) | (24.60) | (8.30) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 19.6 | 18.5 | 17.3 | 16.4 | 0.0 | 0.1 | 0.1 | 0.9 | 1.4 | 1.7 |
| Total equity | 8.1 | 8.0 | 7.6 | 7.3 | (0.0) | (0.1) | (0.1) | (0.2) | 0.4 | 0.7 |
| Total debt | 4.6 | 4.6 | 3.8 | 4.3 | — | 0.1 | 0.1 | 0.8 | 0.7 | 0.7 |
| Net cash from operating activities | 0.0 | 0.1 | 2.1 | 3.1 | (0.0) | (0.0) | (0.2) | (0.1) | (0.0) | (0.3) |
| Capital expenditure | (0.0) | (0.2) | (1.9) | (2.4) | — | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) |
| Free cash flow (operating cash flow − capex) | (0.0) | (0.2) | 0.1 | 0.7 | — | (0.0) | (0.2) | (0.2) | (0.0) | (0.4) |
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.