The Thal Industries Corporation Limited (PSX:TICL)

PSX:TICL Financials Overview

Financials in millions PKR. Fiscal year is October - September.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Revenue Revenue Growth	33,079	48,226	28,611	30,808	19,800	21,424
Revenue Growth	-26.66%	68.56%	-7.13%	55.59%	-7.58%	32.08%
Gross Profit Gross Profit Growth	4,857	6,178	4,582	6,119	4,035	3,323
Operating Income Operating Income Growth	3,161	4,536	3,234	4,604	3,210	2,544
Net Income Net Income Growth	1,615	2,328	1,136	1,966	1,782	1,630
Earnings Per Share EPS Growth	107.51	154.99	75.61	130.87	118.61	108.52
EPS Growth	-5.71%	104.98%	-42.22%	10.34%	9.30%	29.00%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Cash & Investments Cash & Investments Growth	3,019	2,445	1,612	1,028	1,223	1,080
Total Debt Total Debt Growth	17,190	1,591	11,959	2,084	3,513	1,236
Net Cash (Debt) Net Cash Growth	-14,170	854.52	-10,346	-1,056	-2,290	-155.97
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-943.25	56.88	-688.68	-70.29	-152.44	-10.38

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Operating Cash Flow Operating Cash Flow Growth	-8,019	13,659	-8,517	2,866	-1,247	1,815
Capital Expenditures CapEx Growth	-304.29	-1,863	-675.71	-1,425	-773.59	-289.67
Free Cash Flow Free Cash Flow Growth	-8,323	11,796	-9,193	1,441	-2,020	1,525
Free Cash Flow Growth	-	-	-	-	-	-35.88%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Gross Margin	14.68%	12.81%	16.02%	19.86%	20.38%	15.51%
Operating Margin	9.56%	9.40%	11.30%	14.95%	16.21%	11.87%
Pretax Margin	6.77%	6.48%	5.16%	9.58%	12.16%	9.46%
Profit Margin	4.88%	4.83%	3.97%	6.38%	9.00%	7.61%
FCF Margin	-25.16%	24.46%	-32.13%	4.68%	-10.20%	7.12%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 27, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Dividend Per Share Dividend Per Share Growth	10.000	10.000	2.500	5.000	3.500	3.000
Dividend Per Share Growth	300.00%	300.00%	-50.00%	42.86%	16.67%	0%
Dividend Yield	0.92%	1.75%	1.01%	2.33%	1.53%	1.15%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul 27, 2026	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
PE Ratio	5.97	3.73	3.33	1.70	2.03	2.56
P/FCF Ratio	-	0.74	-	2.32	-	2.74
PS Ratio	0.46	0.18	0.13	0.11	0.18	0.20

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 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 27, 2026

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