Pakistan Engineering Company Limited (PECO) has announced its financial results for the nine-month period ended March 31, 2025, revealing an improvement in its overall financial performance despite continuing operational losses.

According to the company’s financial statements approved by the Board of Directors on June 6, 2026, PECO recorded sales revenue of Rs. 26.7 million during the nine-month period, representing a significant increase from Rs. 18.0 million reported in the corresponding period last year. The rise in revenue reflects the company’s efforts to sustain business activity amid a challenging operating environment.

Despite higher sales, the company continued to face pressure from production costs. Gross loss stood at Rs. 19.9 million compared to Rs. 15.5 million in the same period last year. Administrative expenses remained substantial at Rs. 32.0 million, contributing to an operating loss of Rs. 51.3 million.

However, PECO’s net loss after taxation improved considerably, declining to Rs. 54.0 million from Rs. 70.0 million in the corresponding period of the previous year. Loss per share also improved to Rs. 9.49 compared with Rs. 12.31 recorded during the same period in 2024.

The company’s financial position remained largely stable. Total assets stood at approximately Rs. 39.62 billion as of March 31, 2025, while total equity amounted to Rs. 36.96 billion. The company continues to maintain a strong asset base, primarily supported by property, plant, and equipment valued at over Rs. 39 billion.

Cash flow performance showed some strain during the period. Net cash used in operating activities totaled Rs. 340,000, compared with positive operating cash generation of Rs. 847,000 in the corresponding period last year. Cash and cash equivalents at the end of the period stood at Rs. 9.1 million.

The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the period under review. Management stated that the company remains focused on improving operational efficiency and strengthening its financial performance.

While PECO continues to face profitability challenges, the reduction in net losses and growth in sales revenue indicate gradual progress toward financial stabilization. Investors and stakeholders will closely monitor the company’s future initiatives aimed at enhancing operational performance and creating long-term value.