SG.Allied Businesses Limited has transmitted its annual financial statements for the year ended June 30, 2026, which have been audited and show a mixed performance with significant challenges.
- The company reported a revenue of PKR 195,912.64M for FY 2026, up from PKR 183,263.53M in FY 2025, reflecting a growth of 6.90%.
- Net loss after tax for the year stood at PKR 37.43M, compared to a loss of PKR 14.22M in the previous year.
- Earnings per share (EPS) decreased to PKR (2.50) from PKR (1.01) year-on-year.
- The accumulated loss as of June 30, 2026, is PKR 749.16M, with current liabilities exceeding current assets by PKR 148.33M, raising concerns about the company's ability to continue as a going concern.
- The company has made strategic shifts towards growing herbs and vegetables, with new facilities operational, indicating a focus on recovery and growth.
- The audit opinion was unmodified, but there are material uncertainties regarding the company's ability to continue operations.
- The annual general meeting is scheduled for October 28, 2026, to adopt these financial statements.