Quantum Data Technologies Limited has released its annual report for the year ended June 30, 2026, detailing a significant transformation in its business model towards IT services, despite reporting a net loss.
- The company generated revenue of PKR 84.96M against a cost of revenue of PKR 10.88M, resulting in a gross profit of PKR 74.08M.
- Net loss for the year was PKR 36.13M, an improvement from a loss of PKR 117.73M in the previous year.
- Loss per share is reported at PKR 0.30, compared to PKR 0.97 in 2025.
- The company has successfully settled all outstanding bank liabilities, enhancing its financial position.
- The transition to IT services has begun, with initial revenue generation indicating potential for future growth.
- The report includes an emphasis on the company's ongoing challenges, including accumulated losses of PKR 1.25B and a material uncertainty regarding its ability to continue as a going concern.
- The auditors have expressed concerns about the company's financial stability but acknowledged the management's plans for recovery and growth in the IT sector.