Dynea Pakistan Limited
By PSX Investors Zone · Updated October 22, 2026
Dynea Pakistan Limited (PSX: DYNO) is a Pakistani chemical manufacturer incorporated in 1982. The company produces formaldehyde, urea and melamine formaldehyde resins, resin additives and moulding compounds for industrial customers. In FY2026, revenue increased to approximately Rs.15.064 billion from Rs.12.734 billion in FY2025, while profit after tax rose to Rs.1.087 billion from Rs.868 million. Earnings per share improved from Rs.45.97 to Rs.57.58. The board recommended a final cash dividend of Rs.9.25 per share for FY2026, in addition to the Rs.6.25 interim dividend already paid; final approval and payment should be confirmed through official disclosures. DYNO was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published in May 2026. However, PSX displays a Risk Warning Alert concerning possible suspension or delisting, which should be considered separately from its financial performance and Shariah screening status.
Company Overview
Dynea Pakistan Limited (PSX: DYNO) is a Pakistan Stock Exchange-listed chemical manufacturer incorporated on June 20, 1982. The company manufactures and sells formaldehyde, urea and melamine formaldehyde resins, resin additives and moulding compounds.
Its operations serve industrial customers that use chemical resins and moulding materials in manufacturing and related processes. The company operates through two principal divisions: the Resin Division and the Moulding Compound Division.
Official website: https://www.dynea.com.pk/
Official PSX profile: https://dps.psx.com.pk/company/DYNO
Business Activities
Dynea Pakistan's product portfolio includes:
- Formaldehyde: An industrial chemical used in manufacturing processes.
- Urea and melamine formaldehyde resins: Resins used in wood-based panels, adhesives and other industrial applications.
- Resin additives and PVA white glue: Products used in selected adhesive and manufacturing applications.
- Moulding compounds: Materials used in the production of moulded components and other industrial products.
The company's results can be influenced by industrial demand, raw-material availability, energy costs, selling prices, currency movements, export markets and competition. Changes in manufacturing costs and customer demand may affect margins even when sales revenue increases.
Source: https://www.dynea.com.pk/investor-info/
Financial Performance
According to the FY2026 annual report and PSX financial summary, Dynea Pakistan reported the following results:
| Financial indicator | FY2026 | FY2025 |
|---|---|---|
| Net sales revenue | Rs.15.064 billion | Rs.12.734 billion |
| Gross profit | Rs.2.816 billion | Rs.2.252 billion |
| Profit before tax | Rs.1.789 billion | Rs.1.423 billion |
| Profit after tax | Rs.1.087 billion | Rs.868 million |
| Earnings per share (EPS) | Rs.57.58 | Rs.45.97 |
Source: Dynea Pakistan Limited Annual Report 2026.
Revenue increased by approximately 18.3% in FY2026, while profit after tax rose by approximately 25.2%. Gross profit also increased, indicating improved gross earnings alongside higher sales. These results are historical and do not guarantee that the same growth will continue.
Investors should also examine operating expenses, raw-material costs, export performance, cash flows, tax expenses and any material developments disclosed in the annual report.
Official financial reports: https://www.dynea.com.pk/investor-info/
PSX financial summary: https://dps.psx.com.pk/company/DYNO
Business Segment Performance
The FY2026 annual report provides the following segment information:
| Segment | FY2026 turnover | FY2025 turnover |
|---|---|---|
| Resin Division | Rs.5.374 billion | Rs.3.810 billion |
| Moulding Compound Division | Rs.9.690 billion | Rs.8.924 billion |
The Resin Division recorded stronger year-on-year turnover growth than the Moulding Compound Division. The moulding compound business remained the larger of the two by turnover. Investors can use the company's annual report to examine segment profitability, customer demand and the sustainability of these trends.
Source: https://financialfilings.com/filings/dynea-pakistan-limited/annual-report/2026/64472130/
Shariah Compliance Status
Dynea Pakistan Limited was classified as Shariah-compliant in the PSX-KMI All Share Islamic Index screening published on May 29, 2026, based on financial accounts up to December 31, 2025.
The published screening reported the following ratios:
| Screening measure | Reported ratio |
|---|---|
| Debt to total assets | 4.33% |
| Non-compliant investments to total assets | 9.51% |
| Non-compliant income to total revenue | 0.60% |
| Illiquid assets to total assets | 41.54% |
| Net liquid assets ratio | 114.56 |
The final Shariah status in that review was compliant. The reported non-compliant income ratio is not zero; investors should consult the applicable Shariah guidance for the relevant purification calculation rather than assuming that no purification is required.
These ratios apply to the stated review period and may change with updated financial information, screening criteria or subsequent index reviews. Check the latest official PSX screening before relying on this status.
Official PSX screening notice: https://dps.psx.com.pk/download/attachment/277899-1.pdf
Important Risk Warning Alert (RWA)
The official PSX company profile displays a Risk Warning Alert for Dynea Pakistan Limited. The notice states that the company is in continuous violation of Clauses 5.11.1 or 5.11.2 and carries a risk of trading suspension or delisting from the Exchange, subject to PSX terms and conditions.
This is a material regulatory disclosure. It does not establish that suspension or delisting has already occurred, but investors should review the latest PSX announcements to understand the current status of the cited violations and any corrective measures.
The RWA should remain clearly visible on this company profile. Shariah-compliant screening does not remove listing-regulation, market or business risks.
Official PSX profile: https://dps.psx.com.pk/company/DYNO
Dividends and Corporate Actions
For FY2026, the board recommended a final cash dividend of Rs.9.25 per share, equivalent to 185%, in addition to an interim cash dividend of Rs.6.25 per share, equivalent to 125%, already paid during the financial year. The proposed total distribution for FY2026 was Rs.15.50 per share, equivalent to 310%.
The FY2026 annual general meeting was scheduled for October 22, 2026, to consider the audited accounts and the recommended final dividend. The recommendation should not be described as approved or paid unless the relevant resolution and payout record confirm that status.
Investors should check the official PSX announcements and payout history for the final resolution, entitlement date and payment confirmation.
Official PSX profile and announcements: https://dps.psx.com.pk/company/DYNO
Official investor information: https://www.dynea.com.pk/investor-info/
What Investors Should Monitor
Investors researching DYNO may wish to examine:
- Revenue and earnings growth: Whether sales and profitability continue to improve.
- Gross margins: The effect of raw-material prices, energy costs and product mix.
- Segment performance: Growth and profitability of the Resin and Moulding Compound divisions.
- Export markets: Foreign demand, exchange-rate movements and regional trade conditions.
- Cash flow: Whether earnings translate into operating cash and support capital expenditure.
- Dividends: Confirmation of final approval and payment, along with future distribution decisions.
- Regulatory status: Updates to the PSX Risk Warning Alert and the relevant listing-regulation clauses.
- Shariah screening: The latest PSX-KMI All Share Islamic Index review and applicable purification guidance.
Frequently Asked Questions
What is Dynea Pakistan Limited's PSX symbol?
Its trading symbol is DYNO.
What does Dynea Pakistan manufacture?
The company manufactures formaldehyde, formaldehyde-based resins, resin additives and moulding compounds.
Is Dynea Pakistan Shariah-compliant?
It was classified as compliant in the PSX-KMI All Share Islamic Index screening published May 29, 2026, based on accounts to December 31, 2025. Investors should verify the latest official screening before relying on that classification.
Did Dynea Pakistan's earnings increase in FY2026?
Yes. Reported profit after tax increased from approximately Rs.868 million in FY2025 to Rs.1.087 billion in FY2026, while EPS rose from Rs.45.97 to Rs.57.58.
What dividend was recommended for FY2026?
The board recommended a final cash dividend of Rs.9.25 per share, in addition to Rs.6.25 per share interim dividend already paid. Check official announcements for final approval and payment status.
What does the PSX Risk Warning Alert mean?
The PSX profile warns of continuing violations of specified listing regulations and a risk of suspension or delisting. Investors should check current official disclosures for the latest status.
Does Shariah-compliant status mean DYNO is risk-free?
No. Shariah screening does not guarantee profitability, dividend payments, share-price stability or freedom from regulatory and operational risks.
Investor Note
This profile is for educational and research purposes. Financial performance, corporate actions, regulatory status and Shariah screening may change. Consult the latest official PSX announcements, audited financial statements and screening notices before making an investment decision.
This profile is for educational purposes and is not a recommendation to buy or sell any security.