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Technology & Communication

AIRLINK Air Link Communication Limited

Latest results: FY2026 · Jun 2026

Last close · 16 Oct 2026

Rs 118.54 -0.34%

Financials

Air Link Communication Limited (AIRLINK) financials

6 years of annual results (FY2021 – FY2026), 20 quarters.

Air Link Communication Limited (AIRLINK) reported revenue of Rs 89.8 bn for FY2026 (Jul 2025 – Jun 2026), down 14.0% from FY2025.

Profit attributable to shareholders was Rs 6.2 bn (EPS Rs 15.75), up 31.1%, a net margin of 6.9%.

It declared a dividend of Rs 2.00 per share for FY2026 and has paid a dividend in each of the last 5 years.

Net debt stood at Rs 36.2 bn.

Return on equity was 32.7%.

Over the last five years revenue grew at a compound 13.6% a year.

At Rs 118.54 (close on 16 Oct 2026) the shares trade at 7.5× earnings (FY2026) and 2.24× book value, with a dividend yield of 1.7%.

Fundamentals

AIRLINK at a glance

Revenue · FY2026

Rs 89.8 bn

▼ 14.0% year on year

Profit attributable to shareholders · FY2026

Rs 6.2 bn

▲ 31.1% year on year

EPS – basic (Rs) · FY2026

Rs 15.75

▲ 31.1% year on year

Dividend per share (Rs) · FY2026

Rs 2.00

▼ 71.4% year on year

Net margin · FY2026

6.9%

+2.4 pts year on year

Debt to equity · FY2026

228.1%

+41.3 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2026
Rs 89.8 bn
Profit attributable · FY2026
Rs 6.2 bn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2026
Rs 75.8 bn
Equity · FY2026
Rs 20.9 bn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2026
-Rs 5.0 bn
Free cash flow · FY2026
-Rs 8.8 bn

Financial highlights

AIRLINK financial results

AIRLINK annual financial highlights (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 * Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022 FY2021 Jul 2020 – Jun 2021
Revenue 89.8 104.4 129.7 36.9 49.2 47.4
Gross profit 13.6 11.0 9.8 3.5 5.2 4.8
Operating profit 11.4 9.5 8.5 2.4 3.8 3.5
Profit after tax 6.2 4.7 4.6 1.0 1.5 1.5
Profit attributable to shareholders 6.2 4.7 4.6 1.0 1.5 1.5
EPS – basic (Rs) Rs 15.75 12.01 11.70 2.50 3.99 4.67
Dividend per share (Rs) Rs 2.00 7.00 6.00 2.50 1.00 0.00
Total assets 75.8 63.6 40.5 28.6 21.7 15.7
Total equity 20.9 17.2 15.1 12.2 11.7 6.5
Total debt 47.6 32.2 16.4 8.3 8.0 7.4
Net cash from operating activities (5.0) (8.3) (2.8) 2.7 1.6 2.5
Capital expenditure (3.7) (3.1) (2.6) (0.6) (5.5) (0.6)
Free cash flow (operating cash flow − capex) (8.8) (11.4) (5.4) 2.0 (3.9) 1.9
AIRLINK quarterly financial highlights (Rs bn)
Rs bn TTM to Jun 2026 Q4 FY2026 Apr – Jun 2026 Q3 FY2026 Jan – Mar 2026 Q2 FY2026 Oct – Dec 2025 Q1 FY2026 Jul – Sep 2025 Q4 FY2025 Apr – Jun 2025 Q3 FY2025 Jan – Mar 2025 Q2 FY2025 Oct – Dec 2024 Q1 FY2025 Jul – Sep 2024
Revenue 89.8 21.4 19.6 24.4 24.4 18.8 28.2 35.3 22.1
Gross profit 13.6 4.3 2.0 3.9 3.4 2.7 2.9 3.3 2.2
Operating profit 11.3 3.8 1.4 3.1 3.0 2.6 2.4 2.8 1.8
Profit after tax 6.2 2.6 0.6 1.5 1.6 1.9 0.5 1.5 0.8
Profit attributable to shareholders 6.2 2.6 0.6 1.5 1.6 1.9 0.5 1.5 0.8
EPS – basic (Rs) Rs 15.75 6.52 1.50 3.72 4.01 4.79 1.35 3.74 2.13
Dividend per share (Rs) Rs 2.00 0.00 0.00 0.00 2.00 4.50 0.00 2.50 0.00
Total assets 75.8 75.8 63.2 62.5 57.1 63.6 51.1 49.3 38.5
Total equity 20.9 20.9 18.3 17.7 17.0 17.2 15.4 15.8 14.3
Total debt 47.6 47.6 33.1 31.5 27.8 32.2 28.7 27.9 16.1
Net cash from operating activities (5.0) (6.8) (1.4) (0.3) 3.5 (0.4) (0.4) (8.8) 1.3
Capital expenditure (6.0) (4.1) (1.0) (0.1) (0.8) (2.4) (0.5) (0.2) (0.0)
Free cash flow (operating cash flow − capex) (11.0) (10.9) (2.5) (0.4) 2.7 (2.8) (0.9) (9.0) 1.3

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.

AIRLINK charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 130 bn Revenue FY21: Rs 47.4 bn Profit attributable FY21: Rs 1.5 bn FY21 Revenue FY22: Rs 49.2 bn Profit attributable FY22: Rs 1.5 bn FY22 Revenue FY23: Rs 36.9 bn Profit attributable FY23: Rs 960.5 mn FY23 Revenue FY24: Rs 129.7 bn Profit attributable FY24: Rs 4.6 bn FY24 Revenue FY25: Rs 104.4 bn Profit attributable FY25: Rs 4.7 bn FY25 Revenue FY26: Rs 89.8 bn Profit attributable FY26: Rs 6.2 bn FY26
Margins Gross margin Operating margin Net margin
Margins 16% 8% 0% Gross margin FY21: 10.1% Gross margin FY22: 10.6% Gross margin FY23: 9.6% Gross margin FY24: 7.6% Gross margin FY25: 10.6% Gross margin FY26: 15.1% Operating margin FY21: 7.4% Operating margin FY22: 7.7% Operating margin FY23: 6.6% Operating margin FY24: 6.5% Operating margin FY25: 9.1% Operating margin FY26: 12.7% Net margin FY21: 3.2% Net margin FY22: 3.1% Net margin FY23: 2.6% Net margin FY24: 3.6% Net margin FY25: 4.5% Net margin FY26: 6.9% FY21 FY22 FY23 FY24 FY25 FY26
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 3 bn -Rs 11 bn Operating cash flow FY21: Rs 2.5 bn Capex FY21: -Rs 594.8 mn Free cash flow FY21: Rs 1.9 bn FY21 Operating cash flow FY22: Rs 1.6 bn Capex FY22: -Rs 5.5 bn Free cash flow FY22: -Rs 3.9 bn FY22 Operating cash flow FY23: Rs 2.7 bn Capex FY23: -Rs 638.6 mn Free cash flow FY23: Rs 2.0 bn FY23 Operating cash flow FY24: -Rs 2.8 bn Capex FY24: -Rs 2.6 bn Free cash flow FY24: -Rs 5.4 bn FY24 Operating cash flow FY25: -Rs 8.3 bn Capex FY25: -Rs 3.1 bn Free cash flow FY25: -Rs 11.4 bn FY25 Operating cash flow FY26: -Rs 5.0 bn Capex FY26: -Rs 3.7 bn Free cash flow FY26: -Rs 8.8 bn FY26