Half Year 2026 National Aluminium Products Co SAOG Earnings Call
Speaker #1: It has gone up because of the oil prices that have gone up. So all those factors have caused, you know, a very stressed situation not only for the network but for other companies also, in which the cost factor was the main concern, which the company has—Alhamdulillah—managed and addressed properly in this particular case.
[Company Representative] (National Aluminium Products): Has gone up because of the oil prices that have gone up. All those factors have caused a very stressed situation, not only to NAPCO, to other companies also, in which the cost factor was the main concern, which the company has, alhamdulillah, managed and addressed properly in this particular H1 of the year itself. You could see that in the graph on the right side, the prices reached to a one-time of 3,800 in the month of June. It was a one-day price itself, but the average price for this particular year reached to 3,670 at that time. It started from 2,900 and this reached to 3,800.
Anoop P.: has gone up because of the oil prices that have gone up. All those factors have caused a very stressed situation, not only to NAPCO, to other companies also, in which the cost factor was the main concern, which the company has, alhamdulillah, managed and addressed properly in this particular H1 of the year itself. You could see that in the graph on the right side, the prices reached to a one-time of 3,800 in the month of June. It was a one-day price itself, but the average price for this particular year reached to 3,670 at that time. It started from 2,900 and this reached to 3,800.
Speaker #1: First half of the year itself. So, you could see that in the graph on the right side, the prices reached a one-time high of 3,800 in the month of June.
Speaker #1: It was a one-day price itself, but the average price for this particular year reached to 3,670 at that time. So it started from 2,900, and this reached to 3,800, and you people can understand that when this is a scenario in which the company which has very, you know, a tight liquidity situation, so the higher prices put much pressures towards the buying ability of the company, but however, despite these challenges, the company managed to, you know, perform and brought a good results which you can see subsequently in our coming slides.
[Company Representative] (National Aluminium Products): You people can understand that when this is a scenario in which the company which has very tight liquidity situation, the higher prices put much pressures towards the buying ability of the company. However, despite these challenges, company managed to perform and brought about results, which you can see subsequently in our coming slides. The actual 2026 financial results, revenue and earning improved, while short-term borrowings declines. I will give you the reason why it's declined. The LME uplift and volume drove growth. The core revenue is increased by 25%. It's reached to OMR 13.46 million versus OMR 10.79 million last year. The average LME reached to 3,386. It was 2,538, so there's a jump of 33%.
Anoop P.: You people can understand that when this is a scenario in which the company which has very tight liquidity situation, the higher prices put much pressures towards the buying ability of the company. However, despite these challenges, company managed to perform and brought about results, which you can see subsequently in our coming slides. The actual 2026 financial results, revenue and earning improved, while short-term borrowings declines. I will give you the reason why it's declined. The LME uplift and volume drove growth. The core revenue is increased by 25%. It's reached to OMR 13.46 million versus OMR 10.79 million last year. The average LME reached to 3,386. It was 2,538, so there's a jump of 33%.
Speaker #1: The H1 2026 financial results: revenue and earnings improved, while short-term borrowings declined. I will give you the reason why it declined. The NMB Flip volume drove growth.
Speaker #1: The core revenue has increased significantly by 25%, reaching 13.46 million versus 10.79 million last year. The average LME reached 3,386; it was 2,538, so there's a jump of 33%.
Speaker #1: The scrap sales, which are by-products, I would say, increased by 57%, reaching $2.14 million, which was $1.36 million last year. So the mix of volume—NMB pricing and scrap sales—supported a strong top line.
Anoop P.: The scrap sales, which are our by-product, I would say, is increased by 57%, reached to OMR 2.14 million, which was OMR 1.36 million last year. The mix of volume, LME pricing and scrap sales supported our strong top lines. This is what the result that we have at the top line itself. Revenue in total increased by 28%. Our core products along with the scrap itself and margin reached to 8.02%. You could see the jump of revenue reached to OMR 13.60, which is 28%. Gross profit reached to OMR 1.25 million, up by 44%. The GP reached to 8.02%, which was 7.17% last year.
[Company Representative] (National Aluminium Products): The scrap sales, which are our by-product, I would say, is increased by 57%, reached to OMR 2.14 million, which was OMR 1.36 million last year. The mix of volume, LME pricing and scrap sales supported our strong top lines. This is what the result that we have at the top line itself. Revenue in total increased by 28%. Our core products along with the scrap itself and margin reached to 8.02%. You could see the jump of revenue reached to OMR 13.60, which is 28%. Gross profit reached to OMR 1.25 million, up by 44%. The GP reached to 8.02%, which was 7.17% last year.
Speaker #1: So this is the result that we have. On the top line itself, revenue in total increased by 28%. Our core product, along with the scrap itself, and margin reached 8.02%.
Speaker #1: So you could see the jump of revenue reached to $15.60 million, which is up 28%. Gross profit reached $1.25 million, up by 44%. The GP reached 8.02%, which was 7.1% last year.
Speaker #1: So the scrap sales increased by 2.14 million, up by 57% year-on-year. The next slide is basically about the net loss. The net loss has, you know, reduced by 91%.
Anoop P.: The scrap sales increased by OMR 2.14 million, up by 57% year-on-year basis itself. The next slide is basically about the net loss. Net loss has reduced by 91%. We reported a loss of OMR 521,000 last year, same period, 6 months. In 2025, wherever we have reported OMR 48,000 in this itself. The factor that we have just mentioned, that increase in the quantity itself, increase in the sales itself. Obviously, the LME price itself on the one side has put the pressure on the buying, but on the other side has brought a good revenue for the company. Our EBIT reached to OMR 628,000, which was only OMR 219,000 last year. The jump is 186%.
[Company Representative] (National Aluminium Products): The scrap sales increased by OMR 2.14 million, up by 57% year-on-year basis itself. The next slide is basically about the net loss. Net loss has reduced by 91%. We reported a loss of OMR 521,000 last year, same period, 6 months. In 2025, wherever we have reported OMR 48,000 in this itself. The factor that we have just mentioned, that increase in the quantity itself, increase in the sales itself. Obviously, the LME price itself on the one side has put the pressure on the buying, but on the other side has brought a good revenue for the company. Our EBIT reached to OMR 628,000, which was only OMR 219,000 last year. The jump is 186%.
Speaker #1: We reported a loss of 521,000 last year, same period, 6 months, in 2025. Wherever we have reported 48,000 in this itself. And the factor that we have just, you know, mentioned that increase in the quantity itself, increase in the sales itself, obviously the LME prices have on the one side has put a pressure on the buying, but on the other side has, you know, brought a good revenue for the company.
Speaker #1: So, our EBIT reached $628,000, which was only $219,000 last year. So, the jump is 186%. EBITDA reached $1.06 million, versus $632,000 last year, up by 68%.
[Company Representative] (National Aluminium Products): EBITDA reached to OMR 1.06 million versus OMR 632,000 last year, up by 68%. EBITDA margin reached to 6.80% as compared to 5.21% last year. This is what basically the summary that we have for the income statement. Cost control strategy that we have put it, our general administration expenses reduced by 7%, reached to OMR 381.871. Selling distribution increased by almost 8% to 9%. The reason is basically increase in dispatches also. The production got increased, so dispatches increased ultimately. And obviously the logistic part in which the cost of logistics has gone up. That has contributed increase in selling and distribution cost part.
Anoop P.: EBITDA reached to OMR 1.06 million versus OMR 632,000 last year, up by 68%. EBITDA margin reached to 6.80% as compared to 5.21% last year. This is what basically the summary that we have for the income statement. Cost control strategy that we have put it, our general administration expenses reduced by 7%, reached to OMR 381.871. Selling distribution increased by almost 8% to 9%. The reason is basically increase in dispatches also. The production got increased, so dispatches increased ultimately. And obviously the logistic part in which the cost of logistics has gone up. That has contributed increase in selling and distribution cost part.
Speaker #1: EBITDA margin reached 6.80%, compared to 5.21% last year. So, this is basically the summary that we have for the income statement.
Speaker #1: So, cost control strategy that we have, you know, put in, our general administration expenses reduced by 7%, reaching 381,871. Selling and distribution increased by almost 8 to 9%.
Speaker #1: The reason is basically an increase in dispatches also. The production got increased, so dispatches increased, so ultimately—and obviously—the logistics part, in which the cost of logistics has gone up.
Speaker #1: So, that has contributed to increasing this earning and distribution cost part. Net financing cost is reduced by 9% because this year we have done the restructuring with three banks.
[Company Representative] (National Aluminium Products): Net financing cost is reduced by 9% because this year we have done the restructuring with three banks in the month of March itself. Last year, the rates that we were having, the challenge of 7.5% from the various bank, which got reduced to 6% this year. This has caused a substantial reduction in the net financing cost to 9% also. This is one of the major, I would say, contributor in enhancing the margins of the company itself. This is the summary that we have, which I have explained in the summary form in the previous slides. You could see that revenues reached to OMR 15.6 million as compared to OMR 12.147 million, OMR 3.453 million ahead.
Anoop P.: Net financing cost is reduced by 9% because this year we have done the restructuring with three banks in the month of March itself. Last year, the rates that we were having, the challenge of 7.5% from the various bank, which got reduced to 6% this year. This has caused a substantial reduction in the net financing cost to 9% also. This is one of the major, I would say, contributor in enhancing the margins of the company itself. This is the summary that we have, which I have explained in the summary form in the previous slides. You could see that revenues reached to OMR 15.6 million as compared to OMR 12.147 million, OMR 3.453 million ahead.
Speaker #1: In the month of March itself, last year we were facing the challenge of a 7.5% rate from various banks, which got reduced to 6% this year.
Speaker #1: So, this has caused a substantial reduction in the net financing cost to 9% also. So, this is one of the major, I would say, contributors to enhancing the profit—the margins of the company itself.
Speaker #1: So this is the summary that we have, which I have explained in summary form in the previous slides. So you can see that revenues reached $15.6 million as compared to $12.147 million, $3.453 million ahead.
Speaker #1: Cost of sales was 14.349 as compared to 11.276, which is an increase of 3.073. So, you can see that revenue increased by 28%. The cost of sales increased by 27%, which is not proportional.
[Company Representative] (National Aluminium Products): Cost of sales, OMR 14.349 million as compared to OMR 11.276 million, which is OMR 3.073 million. You could see that the revenue increased by 28%, the cost of sales increased by 27%, which is not proportionate. There is a substantial, I would say, 1% enhancement is there compared to it. Gross profit, OMR 1.25 million as compared to OMR 870,000, which is OMR 380,000 more, which is 44% up. The other income is OMR 35,000 as compared to OMR 11,000, which is normal for our industry itself, to OMR 23,000. As I mentioned that the general administrative, OMR 385,000 as compared to OMR 409,000. There is a reduction of OMR 24,000. Selling and distribution to OMR 272,000, OMR 253,000.
Anoop P.: Cost of sales, OMR 14.349 million as compared to OMR 11.276 million, which is OMR 3.073 million. You could see that the revenue increased by 28%, the cost of sales increased by 27%, which is not proportionate. There is a substantial, I would say, 1% enhancement is there compared to it. Gross profit, OMR 1.25 million as compared to OMR 870,000, which is OMR 380,000 more, which is 44% up. The other income is OMR 35,000 as compared to OMR 11,000, which is normal for our industry itself, to OMR 23,000. As I mentioned that the general administrative, OMR 385,000 as compared to OMR 409,000. There is a reduction of OMR 24,000. Selling and distribution to OMR 272,000, OMR 253,000.
Speaker #1: There is a substantial, I would say, 1% enhancement as compared to it. So, gross profit is 1.25 million as compared to 870, which is 380,000 more, which is 44% up.
Speaker #1: The other income is $35,000 as compared to $11,000, which is normal. For our industry itself, $23,000. As I mentioned, general administrative expenses are $385,000 as compared to $409,000.
Speaker #1: So there's a reduction of 24,000. Selling and distribution is up to 72,253. So 19,000 has increased, basically 8 to 9%, which I mentioned earlier. The net financing cost is 677,000, compared to 741,000 last year.
[Company Representative] (National Aluminium Products): OMR 19,000 has increased basically 8% to 9%, which I mentioned earlier. The net financing cost, OMR 677,000, which we reported OMR 741,000 last year. You could see that there is a drop of loss from OMR 521,000 last year to OMR 48,400 this year. There is a substantial decrease of 91%. You could see the summary, EBIT OMR 628,000 as compared to OMR 219,000 last year. OMR 1.06 million EBITDA, OMR 632,000. The percentages are mentioned also in the slide itself. Okay, moving towards the next slide of balance sheet, summarizing it. Our total assets reached to OMR 3.7 million, which is enhanced by 10%.
Anoop P.: OMR 19,000 has increased basically 8% to 9%, which I mentioned earlier. The net financing cost, OMR 677,000, which we reported OMR 741,000 last year. You could see that there is a drop of loss from OMR 521,000 last year to OMR 48,400 this year. There is a substantial decrease of 91%. You could see the summary, EBIT OMR 628,000 as compared to OMR 219,000 last year. OMR 1.06 million EBITDA, OMR 632,000. The percentages are mentioned also in the slide itself. Okay, moving towards the next slide of balance sheet, summarizing it. Our total assets reached to OMR 3.7 million, which is enhanced by 10%.
Speaker #1: So you can see that there is a drop in loss from 521,000 last year to 48,400 this year. There is a substantial decrease of 91%.
Speaker #1: So, you can see the summary: EBIT is 628 compared to 219 last year, EBITDA is 1,060, with 632. The percentages are mentioned also in the slide itself.
Speaker #1: Okay, moving towards the next slide of the balance sheet, summarizing it: our total assets reached 23.7 million, which is an increase of 10%. And obviously, when the revenue goes up, certain factors of current assets go up, especially the receivables side, which has gone up by 27%, which is almost proportionate to the increase in revenue itself.
[Company Representative] (National Aluminium Products): When the revenue got up, there are certain factors of current assets got up, especially the receivable side, which has gone up by 37%, which is almost proportionate to the increase in the revenue itself. The current asset rose to 21%, mainly two factors, receivable and inventory. Inventory is gone up by 17%. The non-current assets are basically $10.7 million, down by 2%. Depreciation is the main factor in which the asset has gone a little bit down. The cash position has gone down by 39% to reach $359k. The reason, that we utilize more cash in buying our raw material because of the increase in the LME raw material prices and other metal prices also. Moving towards short-term borrowing, fell by 60%. The main reason that we have done the restructuring of our loan with three banks.
Anoop P.: When the revenue got up, there are certain factors of current assets got up, especially the receivable side, which has gone up by 37%, which is almost proportionate to the increase in the revenue itself. The current asset rose to 21%, mainly two factors, receivable and inventory. Inventory is gone up by 17%. The non-current assets are basically $10.7 million, down by 2%. Depreciation is the main factor in which the asset has gone a little bit down. The cash position has gone down by 39% to reach $359k. The reason, that we utilize more cash in buying our raw material because of the increase in the LME raw material prices and other metal prices also. Moving towards short-term borrowing, fell by 60%. The main reason that we have done the restructuring of our loan with three banks.
Speaker #1: The current assets rose to 21%, mainly due to two factors: receivables and inventory. Inventory has gone up by 17%. The non-current assets, basically $10.7 million, are down by 2%.
Speaker #1: Depreciation is a main factor in which the, you know, the asset—fixed asset—has gone a little bit down. The cash position, the cash, has gone down by 39% to reach $359K, and obviously, the reason is that we utilized more cash in buying our raw material because of the increase in the LME raw material prices and other metal prices also.
Speaker #1: Moving towards short-term warning, fell by 60%. The main reason is that we have done the restructuring of our loan with three banks. So that's basically our core, it's sort of a reclassification.
Speaker #1: It's not something that we have paid. So the short-term loan basically is converted into a long-term loan for the three banks. So that's why it has, you know, a shortfall by 60%.
[Company Representative] (National Aluminium Products): That's basically sort of a reclassification. It's not something that we have paid. The short-term loan basically is converted into a long-term loan for the three banks. That's why it has shortfall by 60%. Equity remain negative increased by 1%, which is basically $48,000 loss that we have incurred. We are still having a negative equity of $4.78 million. Non-current liabilities reached 18.2%, which is basically the factor that I have explained, that we have done the restructuring. Short-term loan converted into long-term loan for a period of 10 years. That has reflected in the non-current liability. Current liability is $10.32 million, down by 39%. Bank borrowings fall by 60%, 60%, which I mentioned. Bank borrowings reached to 3.54%, which was OMR 8 million last year almost. OMR 5.53 million, OMR 5 million is gone up into the non-current liability part.
Anoop P.: That's basically sort of a reclassification. It's not something that we have paid. The short-term loan basically is converted into a long-term loan for the three banks. That's why it has shortfall by 60%. Equity remain negative increased by 1%, which is basically $48,000 loss that we have incurred. We are still having a negative equity of $4.78 million. Non-current liabilities reached 18.2%, which is basically the factor that I have explained, that we have done the restructuring. Short-term loan converted into long-term loan for a period of 10 years. That has reflected in the non-current liability. Current liability is $10.32 million, down by 39%. Bank borrowings fall by 60%, 60%, which I mentioned. Bank borrowings reached to 3.54%, which was OMR 8 million last year almost. OMR 5.53 million, OMR 5 million is gone up into the non-current liability part.
Speaker #1: So, equity remained negative by 4 points, increased by 1%, which is basically a loss of 48,000 that we have incurred. So, we are still having a negative equity of 4.78 million.
Speaker #1: Non-current liabilities reached 80, at 18.2%, which is basically the factor that I have explained—that we have done the restructuring. So, short-term loans were converted into long-term loans for a period of 10 years.
Speaker #1: So that has—I mean, it's reflected in the non-current liabilities. Current liabilities are OMR 10.32 million, down by 39%. Bank borrowings fell by 60%. So, as I mentioned, bank borrowings reached OMR 3.54 million, down from almost OMR 8 million last year.
Speaker #1: So, 5.53%—5 million has, you know, moved up into the non-current liability part. So, this is basically our detail, I would say, which itself explained to me that non-current is $10.71 million as compared to $10.92 million.
Anoop P.: This is basically a detail, I would say that it is self-explanatory, that non-current is $10.71 million as compared to $10.92 million. The inventory is $2.624 million as compared to $2.40 million, and basically as we have enhanced the productions, obviously the inventory requirement has gone up. There was an increase. Similarly, the receivables reached to $10 million as compared to $7.9 million, which is 27% high as I mentioned because of the increase in revenue. The cash balance is down by $232,000 because of the buying of our materials and all that. Equity has reached to $4.78 million, $4.7636 last year, so $48,000. There's a negative increase because of the loss itself. Sorry. Similarly, for our total non-current liabilities, reached to $18.19 million, which was $9.6 million. Mainly, there's a restructuring loan that has happened. That has basically caused the enhancement of non-current liability.
[Company Representative] (National Aluminium Products): This is basically a detail, I would say that it is self-explanatory, that non-current is $10.71 million as compared to $10.92 million. The inventory is $2.624 million as compared to $2.40 million, and basically as we have enhanced the productions, obviously the inventory requirement has gone up. There was an increase. Similarly, the receivables reached to $10 million as compared to $7.9 million, which is 27% high as I mentioned because of the increase in revenue. The cash balance is down by $232,000 because of the buying of our materials and all that. Equity has reached to $4.78 million, $4.7636 last year, so $48,000. There's a negative increase because of the loss itself. Sorry. Similarly, for our total non-current liabilities, reached to $18.19 million, which was $9.6 million. Mainly, there's a restructuring loan that has happened. That has basically caused the enhancement of non-current liability.
Speaker #1: The inventory is 2.624 million as compared to 2.240 million. And basically, as we have enhanced the productions, obviously the inventory requirement has gone up.
Speaker #1: So, there was an increase. Similarly, the receivables reached 10 million as compared to 7.9 million, which is 27% higher, as I mentioned, because of the increase in revenue.
Speaker #1: Bank—sorry, the cash balance is down by 232,000 because of the buying of our metal and all that. Equity is reached to 4.78 million, 4.7636 last year, so 48,000.
Speaker #1: There is a negative increase because of the loss itself—sorry. Similarly, total non-current liabilities reached 18.19 million, which was 9.6 million previously. So, mainly, there is a restructuring loan that has happened.
Speaker #1: So this has basically caused the enhancement of non-current liabilities. On the other side, you can see that bank borrowings dropped to 3.53, compared to 8.89.
[Company Representative] (National Aluminium Products): On the other side, you could see that bank borrowings reached to $3.53 million as compared to $8.89 million. Similarly, the accounts payable reached to $5.852 million and $7.031 million. The reduction is $1.176 million. Again, basically the interest factor, which we did not pay to the banks itself, it also capitalize in the long-term loan part. It's not something that we have paid to the suppliers. It's basically the accrual part of interest that has incorporated into the non-current liability, or I would say the loan itself. You could see that our total liability and equity reached to $28.514 million. Total liabilities. Net total liability and equity reached to $23.729 million because of the losses. If I will just summarize the key ratio, four key ratios, financial ratios. Gross profit ratio, 8.02%. EBITDA margin, 6.80%.
Anoop P.: On the other side, you could see that bank borrowings reached to $3.53 million as compared to $8.89 million. Similarly, the accounts payable reached to $5.852 million and $7.031 million. The reduction is $1.176 million. Again, basically the interest factor, which we did not pay to the banks itself, it also capitalize in the long-term loan part. It's not something that we have paid to the suppliers. It's basically the accrual part of interest that has incorporated into the non-current liability, or I would say the loan itself. You could see that our total liability and equity reached to $28.514 million. Total liabilities. Net total liability and equity reached to $23.729 million because of the losses. If I will just summarize the key ratio, four key ratios, financial ratios. Gross profit ratio, 8.02%. EBITDA margin, 6.80%.
Speaker #1: Similarly, the accounts payable reached 5.852 and 7.031. The reduction is 1.176. Again, basically the interest factor, which we did not pay to the banks itself—it also capitalized in the long-term loan part.
Speaker #1: So, it's not something that we have paid to the supplier. It's basically the equitable part of interest that has been incorporated into the non-current liability, or I would say, the loan itself.
Speaker #1: So you could see that our total liabilities and equity reached 28.514 million. Total liabilities. So net total liabilities and equity reached 23.729 million because of the loss itself.
Speaker #1: So, if I'll just summarize, there are key ratios—four key ratios: financial ratios, gross profit reached to 8.02%, EBITDA margin 6.80%. And after a long time, the company has performed this, you know, after four to five years, I would say—a journey, a long journey—that the company has recovered and reached that position.
[Company Representative] (National Aluminium Products): After long time, the company has performed this after four to five years I would say, a long journey that company has recovered and reached to that position. EBIT margin reached to 4.03%, and interest coverage 0.93, which is almost equal to one, I would say. We have reached to that level that we can service our interest to the banks itself. I will summarize my presentation with these four lines. Total revenue increased 28% to $15.6 million, supported by volume and LME pricing. Net losses narrowed to 91%. EBIT increased 186%, and EBITDA grows to 68%. Liquidity and interest coverage improved to 0.93 and short-term borrowings declined by 60%. Total assets grew 10%. Term loan restructuring extended the debt maturity profile. This is what the presentation, basically of the H1 results that we have.
Anoop P.: After long time, the company has performed this after four to five years I would say, a long journey that company has recovered and reached to that position. EBIT margin reached to 4.03%, and interest coverage 0.93, which is almost equal to one, I would say. We have reached to that level that we can service our interest to the banks itself. I will summarize my presentation with these four lines. Total revenue increased 28% to $15.6 million, supported by volume and LME pricing. Net losses narrowed to 91%. EBIT increased 186%, and EBITDA grows to 68%. Liquidity and interest coverage improved to 0.93 and short-term borrowings declined by 60%. Total assets grew 10%. Term loan restructuring extended the debt maturity profile. This is what the presentation, basically of the H1 results that we have.
Speaker #1: EBIT margin reached 4.03% and interest coverage is 0.93, which is almost 1%. One equals one. I would say we have reached the level where we can service our interest to the banks ourselves.
Speaker #1: Okay. I will summarize my presentation with these four basic lines. Total revenue increased 28% to $15.6 million, supported by volume and LME pricing. Net losses narrowed to 91%.
Speaker #1: EBIT increased by 186%, and EBITDA rose by 68%. Liquidity: interest coverage improved to 0.93, and short-term borrowings declined by 60%. Total assets grew by 10%. Term loan restructuring extended the debt maturity profile.
Speaker #1: So this is what the presentation that basically of the half-year results that we have. So I would further summarize that DABCO entered to the second half for 2026 with a stronger revenue, higher operating earnings, and materially reduced net losses.
Anoop P.: I would further summarize that NAPCO entered to the H2 for 2026 with a stronger revenue, higher operating earnings, and materially reduced net losses while continuing to manage the liquidity and balance sheet pressures that we are facing and we expect to continue to face because of the current, as I mentioned at the beginning, political situation that is continue and consistent at this point of time. We are optimistic that it will be resolved. Once it is resolved, there will be a consistency we can see, until unless we will be facing the similar challenge, what we are facing at this point of time. I will invite all the people who are attending, if they have any sort of questions with regards to the presentation itself. Myself and my team, Ms. Janita and other, are ready to address your queries if you have any.
[Company Representative] (National Aluminium Products): I would further summarize that NAPCO entered to the H2 for 2026 with a stronger revenue, higher operating earnings, and materially reduced net losses while continuing to manage the liquidity and balance sheet pressures that we are facing and we expect to continue to face because of the current, as I mentioned at the beginning, political situation that is continue and consistent at this point of time. We are optimistic that it will be resolved. Once it is resolved, there will be a consistency we can see, until unless we will be facing the similar challenge, what we are facing at this point of time. I will invite all the people who are attending, if they have any sort of questions with regards to the presentation itself. Myself and my team, Ms. Janita and other, are ready to address your queries if you have any.
Speaker #1: While continuing to manage the liquidity and balance sheet pressure that we are facing—and we expect to continue to, you know, face because of the current, as I mentioned, geopolitical situation that is continuing and consistent at this amount of time.
Speaker #1: And we are optimistic that it will be resolved. Once it is resolved, there will be a consistency. We can see, unless we are facing the similar challenge that we are facing at this point of time.
Speaker #1: So I will invite my—all the people who are attending, if they have any sort of a questions with regards to the presentation itself, so myself and my team Mr. Lila and other are ready to, I mean, address your queries if you have any.
Speaker #1: Dear attendees, if you have any query questions related to our financials for the first year, half of year 2026 results, so I'm here. To respond for any related query related to the company's, you know, performance or any future related projects.
Anoop P.: Dear attendees, if you have any query, questions related to our financials for the H1 of year 2026 results. I am here to respond for any related query related to the company's performance or any future-related projects. We are here to address the queries. If nobody has any questions, I would like to end the discussion sessions. Once again, I would say thank you to everyone who attended this discussion session, and we are looking forward of good progress of this company itself. Thank you very much to all of you for attending this session. Have a nice day.
[Company Representative] (National Aluminium Products): Dear attendees, if you have any query, questions related to our financials for the H1 of year 2026 results. I am here to respond for any related query related to the company's performance or any future-related projects. We are here to address the queries. If nobody has any questions, I would like to end the discussion sessions. Once again, I would say thank you to everyone who attended this discussion session, and we are looking forward of good progress of this company itself. Thank you very much to all of you for attending this session. Have a nice day.
Speaker #1: So we are here to address the queries. If nobody has any questions, I would like to end the discussion session, and once again I would like to say thank you to everyone who attended this discussion session.
Speaker #1: And we are looking forward to good, I would say, progress of this company itself. So thank you very much to all of you for attending this session.
Speaker #1: Have a nice day.
Speaker #2: Thank you, Mr. Anand.
Speaker #1: Thank you. Thank you, Julie.
Anoop P.: Thank you, Mr. Anoop.
[Company Representative] (National Aluminium Products): Thank you, Mr. Anoop.
Anoop P.: Thank you, Janita.
[Company Representative] (National Aluminium Products): Thank you, Janita.
