SPEL FY26 profit drops 9%

SPEL Limited (PSX: SPEL) reported a 9% decline in its net profit for the fiscal year ended June 30, 2026, recording Rs1.14bn compared to Rs1.25bn in the preceding year. Alongside the financial results, the company announced a cash dividend of Rs0.50 per share. Reflecting this bottom-line compression, the company's basic and diluted earnings per share (EPS) fell to Rs5.99 from Rs6.60 in FY25. The dip in earnings was primarily triggered by a mild contraction in top-line revenue. SPEL’s net sales posted a 2% year-on-year decrease, falling to Rs9.41bn from Rs9.63bn. Although the company managed to trim its cost of sales by 2% to Rs6.94bn, the top-line contraction resulted in a 5% drop in gross profit, which settled at Rs2.47bn compared to Rs2.59bn in the prior year.