Leather Up Limited has transmitted its Annual Financial Report for the fiscal year ended June 30, 2026, detailing its financial performance and operational challenges.
- Revenue for the year was PKR 27.16M, a significant increase from PKR 12.09M in 2025.
- The company reported a net loss after tax of PKR 4.75M, compared to a loss of PKR 4.51M in the previous year.
- Earnings per share (EPS) stood at a loss of PKR 0.79, slightly worse than the loss of PKR 0.75 in 2025.
- The operating loss decreased to PKR 4.33M from PKR 4.99M in the prior year, indicating improved operational efficiency.
- The accumulated loss increased to PKR 53.72M from PKR 48.98M year-on-year.
- The Board has decided to skip dividends due to the ongoing losses.
- The report highlights challenges in the European market due to high inflation affecting demand for leather goods.
- The company is taking steps to secure export orders and reduce operating expenses amid a tough economic environment.