KARACHI: The Pakistan Credit Rating Agency Limited (PACRA) reported a solid financial performance for the nine-month period ended March 31, 2026, with higher revenue and improved profitability reflecting continued demand for its credit rating and advisory services.
According to the company’s condensed consolidated interim financial statements, net revenue from contracts with customers increased to Rs388.36 million during the nine months ended March 31, 2026, compared with Rs349.87 million in the corresponding period last year, representing a growth of nearly 11%.
The company posted a profit after tax of Rs93.21 million, up from Rs80.72 million recorded in the same period of the previous year, reflecting a year-on-year increase of approximately 15.5%. Earnings per share (EPS) improved to Rs1.25, compared with Rs1.08 a year earlier.
PACRA’s operating profit also strengthened, rising to Rs134.79 million from Rs111.20 million in the corresponding period last year. Higher revenues offset increases in remuneration, infrastructure, and administrative expenses, supporting overall earnings growth.
The company’s balance sheet remained healthy, with total assets increasing to Rs450.99 million as of March 31, 2026, from Rs360.39 million at the end of June 2025. Shareholders’ equity also expanded significantly to Rs253.84 million, compared with Rs160.63 million at the close of the previous financial year, driven by retained earnings generated during the period.
PACRA maintained a strong liquidity position, with cash and bank balances rising to Rs157.97 million from Rs128.34 million at the beginning of the financial year. Net cash generated from operating activities amounted to Rs32.33 million, highlighting the company’s ability to generate positive cash flows from its core operations despite higher tax payments and operating expenses.
The latest financial results underscore PACRA’s stable operational performance and continued profitability, supported by growth in its core rating business and prudent financial management. The improvement in earnings and strengthening balance sheet position provide a solid foundation for the company as it continues to support Pakistan’s financial markets through independent credit rating services.
