Gammon Pakistan Limited has released its 79th Annual Report for the year ended June 30, 2026, detailing a return to profitability despite ongoing challenges in securing new contracts.
- The company reported a profit after tax (PAT) of PKR 26.79M, a significant recovery from a loss of PKR 63.81M in the previous year.
- Earnings per share (EPS) improved to PKR 0.95 from a loss of PKR 2.26.
- No new construction contracts were secured during the year, marking the sixth consecutive year of stagnant core contracting revenue.
- The profit was primarily driven by a net fair value gain on investment property and favorable tax adjustments.
- The company remains in the PSX Non-Compliant Segment, with trading of its shares suspended due to ongoing operational challenges.
- The Board emphasizes the need for a strategic recovery plan to address the dormant core business and improve compliance status.