Ghani Chemical Industries Limited reported earnings per share of PKR 1.60 in FY24, up 51% from PKR 1.06 in FY23. This translates into profit after tax of PKR 786 Mn compared to PKR 508 Mn in SPLY, an increase of 51%. Total revenue in FY24 reached PKR 5.44 Bn against PKR 4.33 Bn in FY23, an increase of 26%.
The company reported earnings per share of PKR 1.01 in 3QFY25, up 140% compared to 3QFY24. This was also a growth of 23% when compared to PKR 0.82 in 2QFY25. The management apprised that its 275 TPD plant located in Hattar Special Economic Zone was commissioned in April 2025. It expects this to significantly contribute to the profitability of the company due to its efficiency and lower fuel costs along with the 10 year income tax holiday this plant has received. Additionally, the management is looking into adding solar at all of its sites in order to control its energy costs.
The company is currently working to finalize a long term agreement with a leading steel mill in KPK to supply 100,000 cubic meters per month of liquid oxygen. It was also revealed that the company has secured power at 5.2 cents per KWh in Oman where it plans to dismantle and shift its 110 TPD plant from Lahore to cater to the middle east market. It has secured this power for 25 years and is optimistic that the low rate will allow the company to operate competitively. Moving forward, the management was optimistic about continued growth in profitability.
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