Grays Leasing Limited has transmitted its annual financial statements for the year ended June 30, 2026, which reveal a significant decline in profitability compared to the previous year.
- Total revenue decreased to PKR 21,366.89M from PKR 24,404.22M in 2025.
- Profit before tax fell to PKR 2,474.69M, down from PKR 6,041.68M in the prior year.
- The company reported a loss after tax of PKR 1,411.94M, compared to a profit of PKR 5,545.72M in 2025, resulting in an EPS of PKR (0.066).
- The decline in leasing activity and profitability is attributed to economic challenges and regulatory impacts, including the attachment of bank accounts by the Federal Board of Revenue.
- The company did not declare a dividend this year, prioritizing the need to improve its equity position.
- The independent auditor's report highlighted a qualification regarding the provisioning for lease receivables under IFRS 9, which remains unaddressed.