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Waves Corporation Limited (PSX:WAVES)
Pakistan flag Pakistan · Delayed Price · Currency is PKR
9.17
+0.27 (3.03%)
At close: Nov 6, 2026

Waves Corporation Financials Overview

Millions PKR. Fiscal year is Jan - Dec.

Revenue & Profits
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
4,7904,7793,9455,2069,93910,439
Revenue Growth
8.96%21.16%-24.23%-47.62%-4.79%22.45%
Gross Profit
1,2661,3361,2131,3941,8922,270
Operating Income
1,097518.61,240501.66764.45638.56
Net Income
868.37436.61,046226.69236.4318.62
Earnings Per Share
3.001.553.720.810.841.13
EPS Growth
-30.30%-58.28%361.60%-4.11%-25.80%66.64%

Revenue by Segment
Chart
Fiscal Year
FY 2025FY 2024FY 2023
Period EndingDec '25 Dec '24 Dec '23
Manufacturing
3,6672,8404,176
Trading
1,1131,1051,197
Total
4,7793,9455,373

Cash & Debt
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
1,52376.353.3362.87117.34152.85
Total Debt
9,0087,5347,1706,3356,6607,522
Net Cash (Debt)
-7,485-7,458-7,116-6,273-6,542-7,370
Net Cash Growth
------
Net Cash Per Share
-25.87-26.50-25.29-22.29-23.25-26.19

Cash Flow & CapEx
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-446.77-146.76-616.851,9743,345-145.41
Capital Expenditures
-214.57-16.71-245.48-1,898-2,578-815.92
Free Cash Flow
-661.34-163.47-862.3375.42766.66-961.33
Free Cash Flow Growth
----90.16%--

Margins
Chart
Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
26.43%27.95%30.76%26.77%19.03%21.74%
Operating Margin
22.91%10.85%31.44%9.64%7.69%6.12%
Pretax Margin
18.58%9.88%27.62%4.77%3.15%4.93%
Profit Margin
18.13%9.13%26.53%4.35%2.38%3.05%
FCF Margin
-13.81%-3.42%-21.86%1.45%7.71%-9.21%

Valuation
Chart
Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
3.068.622.449.8210.2713.77
Forward PE
-3.803.803.803.803.80
P/FCF Ratio
---29.513.17-
PS Ratio
0.540.790.650.430.240.42