Pace (Pakistan) Limited has transmitted its annual financial statements for the year ended June 30, 2026, showcasing a significant turnaround in profitability compared to the previous year.
- Revenue for FY2026 was PKR 792.17M, down from PKR 1,166.88M in FY2025.
- Cost of revenue sharply decreased to PKR 308.99M from PKR 702.37M, leading to a gross profit of PKR 483.17M (FY2025: PKR 464.50M).
- Profit after tax surged to PKR 1,340.09M, a recovery from a loss of PKR 87.32M in FY2025.
- Earnings per share (EPS) improved to PKR 4.50 from a loss of PKR 0.29 in the previous year.
- Total equity turned positive at PKR 1,721.38M, compared to a negative equity of PKR 1,212.25M in FY2025.
- The company reported a current ratio of 0.71, indicating improved liquidity.
- Notably, the company recognized substantial other income of PKR 1,222.69M, primarily from the disposal of investments.