Dewan Automotive Engineering Limited has transmitted its annual report for the year ended June 30, 2026, detailing significant financial challenges and operational status.
- The company reported a net loss after tax of PKR 50.62M for FY2026, slightly improved from a loss of PKR 51.94M in FY2025.
- Gross sales were recorded at PKR 11.58M, with a gross loss of PKR 11.58M.
- Operating loss amounted to PKR 16.69M, compared to PKR 21.05M in the previous year.
- The loss per share is PKR 2.37, down from PKR 2.43 in FY2025.
- The company continues to face liquidity issues, with accumulated losses reaching PKR 2,067.77M and a net capital deficiency of PKR 1,627.18M.
- The auditors issued a modified report, highlighting concerns regarding the company's ability to continue as a going concern due to significant financial distress.
- The report indicates that operations remain suspended, pending the arrangement of necessary working capital.