LSE SPAC-II Limited has reported a loss of Rs22.59 million for the first quarter ended September 30, 2026, according to its financial results submitted to the Pakistan Stock Exchange (PSX).
The company’s Board of Directors approved the financial results at a meeting held on October 30, 2026, at the company’s registered office.
According to the financial statements, LSE SPAC-II recorded a loss of Rs22.588 million during the quarter, compared with a loss of Rs5.514 million in the previous reporting period ended June 30, 2026. The latest results show an increase in administrative and general expenses, which reached Rs22.404 million, while finance costs stood at Rs184,000.
The company did not report any revenue during the quarter. Consequently, its loss before taxation and overall comprehensive loss both amounted to Rs22.588 million. The loss per share stood at Rs1.08, compared with Rs16.77 in the previous reporting period.
Investment and Financial Position
The company’s statement of financial position showed total assets of Rs182.03 million as of September 30, 2026, compared with Rs24.62 million at June 30, 2026.
Investments stood at Rs180 million, while cash and bank balances amounted to approximately Rs2.03 million. The increase in the company’s financial position was mainly reflected in its share capital following the completion of its initial public offering (IPO).
During the quarter, the company issued 20 million shares through its IPO at Rs10 per share, generating proceeds of Rs200 million. As a result, its paid-up share capital increased from Rs10 million to Rs210 million.
However, accumulated losses increased to Rs28.10 million by the end of September 2026, compared with Rs5.51 million at the end of June 2026. Total equity stood at approximately Rs181.90 million.
No Dividend or Other Corporate Action
The Board of Directors did not recommend any cash dividend, bonus shares or right shares for the reporting period. The company also announced no other entitlement, corporate action or price-sensitive information.
LSE SPAC-II stated that its first quarterly report for the period ended September 30, 2026, would be submitted separately through the Pakistan Unified Corporate Actions and Reporting System (PUCARS) within the prescribed timeframe.
The latest financial results provide an update on the company’s financial position following its IPO. Investors will be watching its future investment activities, operating expenses and financial performance as the company moves into the next reporting period.
