Olympia Mills Limited held a Corporate Briefing Session to discuss its financial performance for the year ended June 30, 2026, highlighting significant revenue growth but challenges in profitability margins.
- Revenue increased by 66.8% to PKR 221.62M, driven primarily by a 194.9% rise in amenities and utilities services.
- Gross profit rose 6.7% to PKR 77.50M, but gross margin decreased to 35.0% from 54.7% due to higher operating expenses.
- Profit before tax fell 65.8% to PKR 54.95M, with profit after tax down 77.1% to PKR 33.47M, impacted by a prior year's one-off gain.
- No dividend was declared as the Board focuses on strengthening the balance sheet amidst ongoing liquidity concerns.
- The company reported net cash from operating activities of PKR 39.37M, up from PKR 26.30M in FY2025.
- Management emphasized the importance of operational efficiency and prudent financial controls moving forward.
- Key risks identified include liquidity issues, regulatory challenges, and reliance on a single property for revenue generation.