Flomic Global Logistics reported a sharp contraction in profitability for FY26, with net profit falling 91.6% year-on-year to ₹31.01 lakh. The decline followed a 13.7% drop in revenue from operations to ₹4,317.3 lakh, reflecting softer global freight demand and pricing pressures across key logistics segments.

Financial Performance

Revenue from operations stood at ₹4,317.3 lakh in FY26, down from ₹5,001.5 lakh in the previous fiscal year. EBITDA declined to ₹383.6 lakh, with the margin contracting to 8.9% from the prior year's levels. Profit before tax (PBT) fell sharply to ₹69.2 lakh from ₹474.6 lakh in FY25.

The company attributed the revenue decline to fluctuating freight rates and evolving trade patterns. Despite the top-line pressure, management focused on cost optimization and operational efficiency to sustain margins.

What the Numbers Show

A significant divergence exists between the company's operating cash generation and its bottom-line profitability. While net profit fell to ₹31.01 lakh, cash generated from operations rose substantially to ₹5,938.4 lakh, up from ₹2,205.0 lakh in FY25. This improvement was driven largely by a ₹1,717.3 lakh decrease in trade receivables, indicating tighter working capital management and improved collection efficiency despite lower overall sales volumes.

Balance Sheet and Dividends

Total assets decreased to ₹1,781.6 lakh from ₹2,093.5 lakh in the previous year. Lease liabilities, a major component of the balance sheet due to the company's asset-light warehousing model, saw the non-current portion reduce to ₹3,902.7 lakh from ₹5,318.9 lakh.

The Board of Directors did not recommend any dividend for FY26, opting to conserve resources for business stability. In contrast, a final dividend of ₹0.10 per share was paid for FY25.

Flomic Global Logistics has fixed September 4, 2026 as the record date for determining shareholder voting rights at its 45th Annual General Meeting, scheduled for September 11, 2026, at 4:00 pm via Video Conferencing and Other Audio Visual Means.

The company's register of members and share transfer books will remain closed from September 5, 2026 to September 11, 2026 (both days inclusive). Pursuant to Regulation 42 and 44 of the Listing Obligation and Disclosure Requirement 2015, the company informed BSE Limited of these dates on August 20, 2026.

Voting and participation details

Shareholders holding shares as on the cut-off date of September 4, 2026 are eligible to cast their votes. The company will provide members the facility to exercise votes both electronically and physically for all resolutions set forth in the notice. Remote e-voting will commence on September 8, 2026 at 9:00 am and conclude on September 10, 2026 at 5:00 pm (both days inclusive). Central Depository Services (India) Limited has been appointed as the e-voting agency, and HD And Associates will act as the scrutinizer for the voting process.

AGM agenda

The meeting will transact ordinary and special business. Under ordinary business, shareholders will be asked to adopt the Audited Financial Statements for the year ended March 31, 2026, and to consider the reappointment of Satyaprakash Pathak as a Non-Executive Non-Independent Director, who retires by rotation and is eligible for reappointment.

Special business: guarantee fees

The special business agenda includes resolutions to approve guarantee fees for personal guarantees furnished by key promoters in connection with credit facilities from ICICI Bank Limited and other lenders. The proposed fees are separate from existing remuneration or sitting fees and will accrue only for periods during which the personal guarantees remain valid and effective. The Nomination and Remuneration Committee and Audit Committee have recommended these proposals.