Thal Limited (PSX:THALL)

Thal Limited Financials Overview

Financials in millions PKR. Fiscal year is July - June.

Revenue & Profits

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Revenue Revenue Growth	44,264	44,264	33,127	29,406	33,128	39,817
Revenue Growth	33.62%	33.62%	12.66%	-11.24%	-16.80%	34.35%
Gross Profit Gross Profit Growth	6,554	6,554	3,115	2,800	4,042	6,479
Operating Income Operating Income Growth	6,050	6,050	3,172	2,229	3,667	6,137
Net Income Net Income Growth	10,456	10,456	7,256	8,513	3,156	5,811
Earnings Per Share EPS Growth	129.04	129.04	89.54	105.06	38.94	71.71
EPS Growth	44.11%	44.11%	-14.77%	169.77%	-45.69%	6.94%

Revenue by Segment

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Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Real Estate Management & Others Real Estate Management & Others Growth	726.71	564.95	503.91	525.84
Elimination Elimination Growth	-367.3	-292.53	-215.21	-190.83
Engineering Engineering Growth	18,662	12,901	14,733	25,160
Building Materials and Allied Products Building Materials and Allied Products Growth	14,106	16,232	18,107	14,322
Total Total Growth	33,127	29,406	33,128	39,817

Cash & Debt

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Cash & Investments Cash & Investments Growth	25,281	25,281	16,267	15,411	11,144	9,034
Total Debt Total Debt Growth	5,069	5,069	5,776	6,512	5,849	4,379
Net Cash (Debt) Net Cash Growth	20,212	20,212	10,491	8,899	5,295	4,654
Net Cash Growth	92.66%	92.66%	17.89%	68.06%	13.77%	-38.65%
Net Cash Per Share Net Cash Per Share Growth	249.44	249.44	129.47	109.82	65.35	57.44

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Operating Cash Flow Operating Cash Flow Growth	4,507	4,507	1,249	3,047	1,487	2,137
Capital Expenditures CapEx Growth	-1,784	-1,784	-1,026	-1,143	-1,228	-2,722
Free Cash Flow Free Cash Flow Growth	2,723	2,723	222.53	1,904	259.09	-584.82
Free Cash Flow Growth	1123.67%	1123.67%	-88.31%	634.75%	-	-

Margins

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Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun 30, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Gross Margin	14.81%	14.81%	9.40%	9.52%	12.20%	16.27%
Operating Margin	13.67%	13.67%	9.58%	7.58%	11.07%	15.41%
Pretax Margin	35.33%	35.33%	36.20%	43.61%	21.29%	22.23%
Profit Margin	23.62%	23.62%	21.90%	28.95%	9.53%	14.59%
FCF Margin	6.15%	6.15%	0.67%	6.47%	0.78%	-1.47%

Dividends

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 8, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
Dividend Per Share Dividend Per Share Growth	10.000	-	10.000	8.000	8.000	7.500
Dividend Per Share Growth	200.00%	-	25.00%	0%	6.67%	-25.00%
Dividend Yield	1.80%	-	2.61%	1.75%	5.43%	3.11%

Valuation

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Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep 8, 2026	Jun 30, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022
PE Ratio	4.31	5.00	4.43	4.60	4.16	3.76
Forward PE	-	7.20	7.20	7.20	7.20	7.20
P/FCF Ratio	16.55	19.20	144.27	20.57	50.67	-
PS Ratio	1.02	1.18	0.97	1.33	0.40	0.55

Data Source: S&P Global Market Intelligence Last updated: Sep 7, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 8, 2026

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