KARACHI: Media Times Limited reported a significant turnaround in its financial performance for the nine months ended March 31, 2026, posting a profit after tax of Rs741.77 million, compared with a profit of Rs28.85 million recorded in the corresponding period last year. The company disclosed its financial results following a meeting of its Board of Directors held on April 28, 2026.
The company’s net revenue increased by nearly 25% to Rs140.93 million, up from Rs112.99 million in the same period of the previous year. Gross profit also improved substantially to Rs93.44 million, reflecting stronger operational performance despite higher administrative and finance costs.
A major contributor to the exceptional earnings was a sharp rise in other income, which surged to Rs872.16 million compared with Rs53.46 million a year earlier. As a result, profit before tax climbed to Rs892.85 million, although the company recorded a tax expense of Rs151.09 million, leaving net profit at Rs741.77 million. Earnings per share (EPS) increased to Rs4.15, compared with Rs0.16 in the corresponding period last year.
For the quarter ended March 31, 2026, Media Times posted a profit after tax of Rs19.95 million, compared with Rs30.02 million in the same quarter of the previous year, indicating a softer quarterly performance despite the strong nine-month results.
The Board of Directors did not recommend any cash dividend, bonus shares, or right issue for the period. However, the company announced that it has granted in-principle approval for the conversion of long-term finance and accrued mark-up amounting to Rs810.55 million into ordinary shares at Rs9 per share, subject to obtaining the necessary corporate and regulatory approvals.
The latest financial results underscore a remarkable improvement in Media Times’ overall profitability during the first nine months of FY2026, driven primarily by a substantial increase in non-operating income while the company continues to strengthen its financial position.
