Lahore, August 20, 2026: Pakistan Engineering Company Limited (PECO) reported a loss after taxation of Rs42.1 million for the nine-month period ended March 31, 2026, showing an improvement from the Rs54.0 million loss recorded in the corresponding period of the previous year.
According to the company’s financial results, the loss before taxation stood at Rs38.5 million, compared with a pre-tax loss of Rs51.7 million in the same period last year. The company’s basic and diluted loss per share also improved to Rs7.40, compared with Rs9.49 previously.
For the quarter ended March 31, 2026, PECO posted a loss after taxation of Rs10.6 million, compared with a loss of Rs17.0 million in the same quarter of 2025. The quarterly loss before taxation narrowed to Rs11.8 million from Rs18.2 million, while the loss per share improved to Rs1.87 from Rs2.99.
The company’s financial position remained largely stable during the period. Total assets stood at approximately Rs39.59 billion as of March 31, 2026, compared with Rs39.62 billion at June 30, 2025. Property, plant and equipment accounted for the overwhelming majority of the asset base at around Rs39.04 billion.
Current assets were reported at approximately Rs233.4 million, including cash and bank balances of Rs1.33 million. The company also reported a tax refund due from the government of around Rs134.9 million.
On the liabilities side, total current liabilities amounted to approximately Rs768.2 million, while liabilities directly associated with freehold land held for sale stood at around Rs1.79 billion. PECO’s accumulated loss increased to approximately Rs2.236 billion by March 31, 2026.
Cash flow remained a key area of pressure. The company reported net cash used in operating activities of Rs6.04 million during the nine-month period, compared with Rs0.34 million used in the corresponding period. As a result, cash and cash equivalents declined from Rs9.14 million at March 31, 2025 to Rs1.33 million at March 31, 2026.
The board did not recommend any cash dividend, bonus shares or right shares, while no other entitlement or corporate action was announced in the financial disclosure.
Overall, PECO’s latest results show a reduction in losses compared with the previous year, although the company continues to carry significant accumulated losses and faces pressure on its operating cash position. The financial statements indicate that improving profitability and strengthening liquidity remain important areas for the company going forward.
