Pak-Gulf Leasing Posts Stronger Annual Profit for FY2026

Pak-Gulf Leasing Company Limited has reported a notable improvement in its bottom-line performance for the financial year ended June 30, 2026, with net profit rising to Rs89.75 million, compared with Rs73.60 million in the previous year. This represents an increase of approximately 22% year-on-year. 283673

The company’s financial results show that earnings per share also improved, increasing from Rs1.49 in FY2025 to Rs1.81 in FY2026, reflecting stronger profitability available to shareholders. 283673

Financing Income Declines

Despite the improvement in net profit, Pak-Gulf Leasing experienced a decline in income from financing operations. Financing income stood at approximately Rs127.09 million during FY2026, compared with Rs145.22 million in FY2025.

Income from other activities also fell during the year. Return on investments declined to Rs18.44 million from Rs55.85 million, while other income increased to Rs32.55 million from Rs21.39 million. Overall income declined to around Rs178.08 million, compared with Rs222.46 million a year earlier. 283673

Lower Expenses Support Profitability

The company benefited from lower administrative and operating expenses, which declined to approximately Rs64.03 million from Rs58.40 million—although the reported figures indicate an increase rather than a decline in this particular expense line. Finance costs, meanwhile, fell substantially to about Rs7.57 million from Rs39.37 million.

After provisions and other adjustments, profit before tax and levy was reported at approximately Rs104.21 million, compared with Rs100.01 million in FY2025. After taxation, the company recorded net profit of Rs89.75 million. 283673

Balance Sheet Remains Substantial

According to the statement of financial position, Pak-Gulf Leasing had total assets of approximately Rs1.61 billion at June 30, 2026, compared with Rs1.67 billion at the end of FY2025. Total equity stood at approximately Rs385.99 million, up from Rs296.25 million. 283673

The company reported long-term deposits of around Rs163.36 million, while finance lease-related assets remained an important component of its balance sheet.

No Cash Dividend or Bonus Shares

For shareholders, the company announced no final cash dividend for FY2026. The board also recommended nil bonus shares and nil right shares. The notice further stated that there was no other entitlement or price-sensitive information. 283673

The company’s Annual General Meeting is scheduled for October 27, 2026, at 4:30 p.m. at its registered office. The share transfer books will remain closed from October 21 to October 27, 2026, both days inclusive. 283673

Cash Position and Outlook

The cash-flow statement shows that the company generated approximately Rs134.86 million from financing cash flows, while net cash used in operating activities stood at around Rs86.15 million. Investing activities also resulted in a cash outflow of approximately Rs12.70 million. Cash and cash equivalents declined to around Rs106.14 million at year-end from Rs281.11 million a year earlier. 283673

Overall, Pak-Gulf Leasing’s FY2026 results present a mixed picture: financing and investment-related income weakened, but significantly improved profitability and earnings per share demonstrate stronger bottom-line performance. The absence of a dividend or bonus issue means shareholders will not receive a direct cash or share distribution from the year’s results, while the company’s improved annual earnings provide a positive element in its overall financial performance.