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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue Revenue Growth	39,901	33,127	29,406	33,128	39,817	29,636
Revenue Growth	24.39%	12.66%	-11.24%	-16.80%	34.35%	70.75%
Gross Profit Gross Profit Growth	3,770	3,115	2,800	4,042	6,479	4,718
Operating Income Operating Income Growth	-3,778	3,172	2,229	3,667	6,137	4,657
Net Income Net Income Growth	9,351	7,256	8,513	3,156	5,811	5,434
Earnings Per Share EPS Growth	115.40	89.54	105.06	38.94	71.71	67.06
EPS Growth	24.33%	-14.77%	169.77%	-45.69%	6.94%	88.23%

Revenue by Segment

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Real Estate Management & Others Real Estate Management & Others Growth	834.72	726.71	564.95	503.91	525.84	406.65
Elimination Elimination Growth	-427.14	-367.3	-292.53	-215.21	-190.83	-151.81
Engineering Engineering Growth	25,179	18,662	12,901	14,733	25,160	18,273
Building Materials and Allied Products Building Materials and Allied Products Growth	14,314	14,106	16,232	18,107	14,322	11,108
Total Total Growth	39,901	33,127	29,406	33,128	39,817	29,636

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash & Investments Cash & Investments Growth	23,909	16,267	15,411	11,144	9,034	9,664
Total Debt Total Debt Growth	5,346	5,776	6,512	5,849	4,379	2,079
Net Cash (Debt) Net Cash Growth	18,563	10,491	8,899	5,295	4,654	7,586
Net Cash Growth	62.33%	17.89%	68.06%	13.77%	-38.65%	6.46%
Net Cash Per Share Net Cash Per Share Growth	229.08	129.47	109.82	65.35	57.44	93.62

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating Cash Flow Operating Cash Flow Growth	2,452	1,249	3,047	1,487	2,137	2,289
Capital Expenditures CapEx Growth	-1,667	-1,026	-1,143	-1,228	-2,722	-1,112
Free Cash Flow Free Cash Flow Growth	785.27	222.53	1,904	259.09	-584.82	1,177
Free Cash Flow Growth	-75.50%	-88.31%	634.75%	-	-	35.10%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Gross Margin	9.45%	9.40%	9.52%	12.20%	16.27%	15.92%
Operating Margin	-9.47%	9.58%	7.58%	11.07%	15.41%	15.71%
Pretax Margin	35.64%	36.20%	43.61%	21.29%	22.23%	26.25%
Profit Margin	23.44%	21.90%	28.95%	9.53%	14.59%	18.34%
FCF Margin	1.97%	0.67%	6.47%	0.78%	-1.47%	3.97%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 29, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Dividend Per Share Dividend Per Share Growth	21.000	10.000	8.000	8.000	7.500	10.000
Dividend Per Share Growth	110.00%	25.00%	0%	6.67%	-25.00%	100.00%
Dividend Yield	3.56%	2.61%	1.75%	5.43%	3.11%	2.73%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 29, 2026	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
PE Ratio	5.10	4.43	4.60	4.16	3.76	6.31
Forward PE	-	7.20	7.20	7.20	7.20	7.20
P/FCF Ratio	60.78	144.27	20.57	50.67	-	29.12
PS Ratio	1.20	0.97	1.33	0.40	0.55	1.16

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 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:

Jul 24, 2026

Data Sources Report a data error