Waves Home Appliances Limited has released its quarterly financial report for the nine months ended 30 September 2026, highlighting a modest increase in net profit despite a decline in sales.
- Gross sales decreased to PKR 3,940.03M from PKR 4,019.63M YoY, a drop of 2.0%.
- Net sales fell to PKR 2,738.76M compared to PKR 2,792.95M in the same period last year.
- Gross profit was PKR 683.57M, down from PKR 757.80M, with a gross margin of 25.0% (2025: 27.1%).
- Profit from operations increased by 16.1% to PKR 831.26M, supported by higher other income of PKR 577.42M.
- Profit after tax rose to PKR 269.94M, up 3.2% from PKR 261.58M, with EPS improving to PKR 1.01 from PKR 0.98.
- The company did not recommend any dividend payout due to ongoing debt restructuring.
- Current liabilities decreased significantly to PKR 4,463.67M from PKR 7,162.55M, improving the current ratio to 2.03 times.
- The report is un-audited and reflects the company's ongoing efforts to manage costs and optimize working capital amid challenging economic conditions.