Olympia Mills Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing a significant decline in profitability compared to the previous year.
- The company reported a net profit after tax of PKR 33.47M, down from PKR 145.90M in the prior year.
- Revenue increased to PKR 221.62M from PKR 132.85M, driven by higher rental income and services provided to tenants.
- Earnings per share (EPS) decreased to PKR 2.79 from PKR 12.16.
- The company continues to face substantial unappropriated losses, now totaling PKR 499.50M, although this is an improvement from PKR 533.27M last year.
- The financial statements were audited and prepared on a going concern basis, despite noted uncertainties regarding the company's ability to continue operations due to high liabilities and economic challenges.
- No dividend has been declared for the year, as management prioritizes strengthening the balance sheet.