Grays Leasing Posts Loss After Tax of Rs1.41 Million for FY2026

Grays Leasing Limited has reported a loss after taxation of Rs1.41 million for the financial year ended June 30, 2026, compared with a profit of Rs5.55 million recorded in the previous year.

According to the company’s financial results announced on September 17, 2026, the board recommended no cash dividend, bonus shares, or right shares for the year.

Revenue declines during the year

The company generated total revenue of Rs21.37 million during FY2026, down from Rs24.40 million in FY2025. Income from lease operations stood at Rs19.85 million, compared with Rs22.63 million a year earlier, while other income declined to Rs1.52 million from Rs1.78 million.

At the same time, administrative and other operating expenses increased slightly to Rs18.78 million, compared with Rs18.39 million in FY2025. Financial and other charges, however, decreased to Rs161,621 from Rs291,116.

As a result, profit before taxation fell substantially to Rs2.47 million, against Rs6.04 million in the preceding year. The company recorded taxation of Rs3.89 million, resulting in a loss after taxation of Rs1.41 million. Earnings per share consequently stood at a loss of Rs0.066, compared with earnings of Rs0.258 per share in FY2025.

Assets and liabilities

The statement of financial position shows that Grays Leasing’s total assets declined to Rs286.47 million as of June 30, 2026, from Rs317.34 million a year earlier. Net investment in lease finance stood at Rs131.16 million, compared with Rs147.70 million in FY2025.

Total liabilities also decreased to Rs211.50 million, from Rs240.76 million. The company’s loan from a related party fell significantly to Rs11.50 million, compared with Rs39 million in the previous year. Deposits on lease contracts declined to Rs60.32 million from Rs89.39 million.

Net assets stood at Rs74.96 million at the end of FY2026, compared with Rs76.58 million in FY2025. The decline mainly reflected the loss recorded during the year.

Cash position weakens

The company ended the financial year with Rs2.66 million in cash and bank balances, down from Rs6.78 million at June 30, 2025. The statement of cash flows shows a net decrease of approximately Rs4.12 million in cash and cash equivalents during FY2026.

Operating activities used Rs1.32 million in net cash, while investing activities generated Rs26.91 million. Financing activities, meanwhile, used Rs29.71 million, largely reflecting repayment of a related-party loan and movements in lease-contract deposits.

Annual General Meeting scheduled

Grays Leasing has scheduled its Annual General Meeting for October 26, 2026, at 10:00 a.m. at its registered office in Gulberg II, Lahore. The company also announced that its share transfer books will remain closed from October 20 to October 26, 2026, both days inclusive.

Overall, FY2026 saw Grays Leasing move from a profit to a loss, alongside lower lease income, reduced total revenue, declining assets and a weaker year-end cash position.