KARACHI: ARM Green Industries Limited reported a consolidated profit after tax of Rs3.49 million for the nine months ended March 31, 2026, down sharply from Rs9.39 million recorded in the corresponding period of the previous year.
According to the company’s unaudited financial results, earnings per share (EPS) declined to Rs0.33 during the nine-month period, compared with Rs0.87 a year earlier.
The decline came despite a notable reduction in administrative and operating expenses. Consolidated administrative and operating expenses fell to Rs7.44 million from Rs10.20 million in the same period last year. Financial charges stood at Rs5,105, compared with Rs1,355 previously.
A key feature of the results was the absence of income from vehicle plying for hire during the nine months under review. In the previous year, the company reported Rs10.49 million from this source. Instead, ARM Green recorded Rs12.18 million in other income, compared with Rs13.39 million a year earlier.
As a result, consolidated profit before tax declined to Rs4.73 million, compared with Rs13.68 million in the nine-month period of 2025. After accounting for current income tax of Rs1.23 million, profit after tax stood at Rs3.49 million.
Stronger third-quarter performance
Despite the weaker nine-month performance, the company delivered a stronger result in the third quarter ended March 31, 2026.
Consolidated profit after tax for the quarter rose to Rs3.33 million, more than double the Rs1.66 million reported in the same quarter last year. EPS improved to Rs0.31 from Rs0.15.
The quarterly improvement was supported by Rs6.45 million in other income, while administrative and operating expenses were reduced to Rs3.11 million from Rs3.28 million. The company reported profit before tax of Rs3.33 million for the quarter.
Investment and expansion reflected in balance sheet
ARM Green’s consolidated balance sheet also showed significant changes during the period. As of March 31, 2026, total assets stood at Rs346.63 million, compared with Rs312.60 million at the previous year-end.
Non-current assets increased substantially, including Rs256.21 million in capital work-in-progress and Rs70 million as an advance against the purchase of a plot. The company also reported goodwill of Rs3.44 million.
Cash and bank balances, meanwhile, declined to Rs14.23 million from Rs312.57 million, reflecting significant investment and financing movements during the period.
The consolidated cash-flow statement shows Rs144.67 million spent on additions to capital work-in-progress and another Rs35 million advanced against the purchase of a plot. The company also recorded Rs40.97 million as net cash received on acquisition of a subsidiary.
No interim dividend announced
The company’s board reviewed and approved the unaudited standalone and consolidated financial results on April 24, 2026. For the third quarter ended March 31, 2026, the board recommended no interim cash dividend and no bonus/right shares.
Overall, ARM Green’s latest results present a mixed picture: the company’s nine-month earnings weakened considerably because of the absence of vehicle-hire income, while the latest quarter showed a significant improvement in profitability. At the same time, the substantial increase in capital work-in-progress and the advance for a plot indicate considerable investment activity during the period.
