Dewan Automotive Engineering Limited has released its un-audited quarterly financial report for the period ended September 30, 2026, indicating a continued loss but an improvement compared to the previous year.
- The company reported a net loss of PKR 2.943M for Q1 FY27, significantly reduced from a loss of PKR 12.831M in Q1 FY26.
- Gross loss decreased to PKR 2.599M from PKR 3.015M year-on-year.
- No sales were recorded during the quarter, reflecting ongoing operational challenges due to insufficient working capital.
- Accumulated losses now stand at PKR 2,069.932M, with a net capital deficiency of PKR 1,630.118M.
- Current liabilities exceed current assets by PKR 1,777.676M, indicating liquidity issues.
- The company is preparing to resume operations pending funding arrangements.
- Financial statements are un-audited and prepared on a going concern basis despite the financial challenges.