Avanceon Limited has released its financial results for the half year ended June 30, 2026, reporting a significant increase in revenues but a net loss compared to the previous year.
- Consolidated revenues rose to PKR 7,037.19M, up 34% from PKR 5,237.70M in the same period last year.
- Standalone revenues increased by 26% to PKR 1,534.82M, compared to PKR 1,215.57M in H1 2025.
- Net loss after tax for the half year was PKR 259.85M, a decline from a profit of PKR 167.99M in H1 2025.
- Earnings per share (EPS) on a consolidated basis stood at PKR (0.62), compared to PKR 0.38 in the previous year.
- Administrative and selling expenses surged by 45% to PKR 1,900.00M, driven by inflationary pressures.
- The company reported a gross margin of PKR 1,960.72M, a 21% increase from PKR 1,616.69M in H1 2025.
- Cash and cash equivalents decreased to PKR 1,138.70M from PKR 1,085.22M at the end of 2025.
- The report is unaudited and reflects the company's ongoing challenges and operational adjustments.