Saudi Pak Consultancy Reports Rs9.88 Million Profit for Nine Months Ended March 2026

Saudi Pak Consultancy Company Limited, formerly known as Saudi Pak Leasing Company Limited, has reported a profit after taxation of Rs9.88 million for the nine-month period ended March 31, 2026, according to its unaudited condensed interim financial statements.

The company’s latest financial results show a notable decline in profitability compared with the same period last year, when it recorded a profit after tax of Rs44.34 million. Despite the lower earnings, the company remained profitable during the period under review.

Revenue Declines During the Period

Saudi Pak Consultancy generated total income of Rs53.84 million during the nine months ended March 31, 2026, compared with Rs91.19 million in the corresponding period of 2025.

Income from finance leases increased to Rs7.34 million, compared with Rs3.54 million a year earlier. However, other operating income fell substantially to Rs46.50 million, from Rs87.64 million in the same period last year. This reduction in other operating income was the key factor behind the decline in total income.

Operating Performance

The company reported finance costs of Rs1.80 million for the nine-month period, significantly lower than the Rs24.10 million recorded in the corresponding period of 2025.

Administrative and operating expenses stood at Rs44.60 million, broadly close to the Rs45.16 million recorded last year.

As a result, operating profit before provisions amounted to Rs7.44 million, compared with Rs21.93 million in the same period of 2025. The company also recorded Rs3.10 million in reversals of provisions on leases and loans, compared with Rs24.86 million last year. Profit before taxation therefore stood at Rs10.54 million, down from Rs46.79 million.

Quarterly Profit Also Lower

For the three months ended March 31, 2026, Saudi Pak Consultancy recorded a profit after taxation of Rs5.05 million, compared with Rs20.04 million in the same quarter of 2025.

Quarterly total income stood at Rs11.37 million, down from Rs16.57 million a year earlier. The company reported earnings per share of Rs0.11 for the quarter, compared with Rs0.44 in the corresponding quarter of 2025.

Net Assets Remain Negative

The statement of financial position shows total assets of Rs630.09 million as of March 31, 2026, compared with Rs686.03 million as of June 30, 2025.

Total liabilities stood at Rs1.02 billion, resulting in negative net assets of Rs391.20 million. The company had accumulated losses of approximately Rs1.61 billion at the end of the reporting period.

Cash Position and Financing

Saudi Pak Consultancy ended the period with cash and cash equivalents of Rs44.48 million, compared with Rs69.74 million at June 30, 2025.

Net cash used in operating activities was Rs14.61 million, while investing activities generated net cash of Rs1.74 million. Financing activities used Rs12.40 million, primarily reflecting repayments relating to financial institution loans and certificates of investment. Overall, cash and cash equivalents declined by Rs25.26 million during the period.

Comprehensive Income

After accounting for other comprehensive income, Saudi Pak Consultancy reported total comprehensive income of Rs7.98 million for the nine months ended March 31, 2026, compared with Rs44.34 million in the same period of 2025.

The reduction included a Rs1.90 million loss from the re-measurement of investments classified as FVTOCI.

Overall, the financial statements indicate that Saudi Pak Consultancy remained profitable during the nine months ended March 2026, although its earnings and total income were considerably lower than the corresponding period of the previous year.