Karachi: Waves Home Appliances Ltd. (WAVESAPP) and WAVES Corporation Ltd. (WAVES) presented their CY25 financial results and future outlook during an analyst briefing, highlighting significant growth and strategic plans.

According to AKD Securities Limited, WAVESAPP achieved a net revenue of PkR3.7 billion in CY25, marking a 15% year-over-year increase from PkR3.2 billion in the previous year. The growth was attributed primarily to a recovery in market demand. Additionally, WAVESAPP reported earnings of PkR189 million, or PkR0.71 per share, representing a 23% increase from the previous year's PkR153 million, or PkR0.57 per share. This rise was largely due to other income streams.

Pakistan's appliance market, valued at approximately PkR750 billion, is largely driven by refrigerators and air conditioners. WAVES holds a leading position in the deep freezer segment, catering to both retail and corporate clients. The company also announced plans to reintroduce its washing machine and microwave ranges under a completely knocked-down (CKD) model, while its refrigerator line continues to offer five sizes to meet diverse market needs.