Pak Leather Crafts Limited has transmitted its annual report for the fiscal year ending June 30, 2026, detailing significant financial challenges and operational changes.
- Revenue for the year was PKR 26.78M, down from PKR 60.09M in the previous year, marking a 55.5% decline.
- Net loss after tax was PKR 5.33M compared to a profit of PKR 9.02M in 2025.
- Earnings per share (EPS) decreased to PKR (1.57) from PKR 2.65.
- The company reported accumulated losses of PKR 358.69M, leading to negative equity of PKR 207.31M.
- Current liabilities exceeded current assets by PKR 226.56M, indicating liquidity issues.
- The company has transitioned to a toll manufacturing model and is generating rental income from its facilities.
- The audit report indicates a material uncertainty regarding the company's ability to continue as a going concern.