KARACHI: Siemens (Pakistan) Engineering Co. Limited has reported a net loss of Rs22.81 million for the nine-month period ended June 30, 2026, compared with a net profit of Rs769.05 million recorded in the corresponding period last year, reflecting weaker sales and higher operating expenses.
According to the company’s unaudited condensed interim financial statements approved by the Board of Directors on July 29, 2026, net sales and services declined to Rs5.35 billion, down from Rs6.46 billion in the same period of the previous year. Gross profit also fell to Rs923.83 million, compared with Rs1.14 billion a year earlier.
The company posted an operating loss of Rs86.68 million, a significant reversal from an operating profit of Rs213.40 million reported in the corresponding period of 2025. Despite recording net financial income of Rs264.94 million, Siemens Pakistan’s profitability remained under pressure due to increased selling and administrative expenses and lower revenue.
Profit before income tax from continuing operations stood at Rs43.38 million, down sharply from Rs363.35 million in the same period last year. After accounting for taxation, the company reported a net loss of Rs22.81 million from continuing operations. During the corresponding period last year, Siemens Pakistan had also recognized Rs724.09 million in profit from discontinued operations, significantly boosting its overall earnings.
On a quarterly basis, the company recorded a net loss of Rs35.45 million for the three months ended June 30, 2026, compared with a net profit of Rs185.73 million in the same quarter last year. Earnings per share (EPS) for the quarter stood at a loss of Rs4.30, compared with earnings of Rs22.52 per share in the corresponding period of 2025.
The company’s balance sheet showed total assets of Rs12.69 billion as of June 30, 2026, while cash and bank balances stood at approximately Rs5.16 billion, compared with Rs6.71 billion at the end of September 2025.
The financial results highlight a challenging operating environment for Siemens Pakistan during the period, as declining revenue and higher operating costs outweighed gains from financial income, resulting in the company’s return to a net loss.
