Saudi Pak Consultancy Company Limited has released its audited financial statements for the fiscal year ending June 30, 2026, reflecting ongoing challenges in transitioning from a leasing model to consultancy services.
- Revenue for FY 2026: PKR 51.80M, down from PKR 102.04M in FY 2025.
- Net Profit After Tax (PAT): PKR 3.38M compared to PKR 44.16M in the previous year.
- Earnings Per Share (EPS): PKR 0.07, down from PKR 0.98 in FY 2025.
- The company reported a significant decline in revenue and profitability, attributed to the transition phase and high levels of non-performing loans.
- Total liabilities exceeded total assets, resulting in negative equity of PKR 399.60M.
- The company is actively pursuing recovery of overdue receivables and restructuring its operations to stabilize its financial position.
- The financial statements were prepared under the going concern assumption despite accumulated losses and ongoing liquidity challenges.