Hi-Tech Lubricants Limited has released its corrected annual report for the year ended June 30, 2026, showcasing a significant recovery in profitability and growth across various segments.
- Reporting period: FY 2026 (July 1, 2025 - June 30, 2026)
- Audit status: Independent auditor's report provided by M/S Riaz Ahmed & Company, Chartered Accountants.
- Revenue increased to PKR 41,135M, up 13% from the previous year.
- Gross profit rose to PKR 3,666M, a 19% increase year-on-year.
- Operating profit surged by 51% to PKR 1,388M.
- Finance costs decreased by 17% to PKR 492M.
- Net profit after tax reached PKR 473M, up from PKR 101M in FY 2025, translating to an EPS of PKR 3.40 (FY 2025: PKR 0.73).
- Total assets grew by 15% to PKR 15,245M, while total liabilities increased by 20% to PKR 8,560M.
- The Board has recommended a final cash dividend of PKR 1.15 per share (11.5%).
- The company has made substantial investments in local blending and polymer production, enhancing operational efficiency and reducing reliance on imports.
- Overall sentiment remains neutral as the report reflects a recovery phase without significant surprises.