KARACHI: Pace (Pakistan) Limited has reported a strong improvement in profitability for the nine months ended March 31, 2026, driven by higher other income and improved operating performance despite a decline in revenue. The company’s Board of Directors approved the financial results in its meeting held on April 28, 2026. No cash dividend, bonus shares, or right shares were announced for shareholders.
According to the company’s unconsolidated financial statements, net profit after tax surged to Rs672.63 million during the nine-month period, compared with Rs249.12 million recorded in the corresponding period last year. Earnings per share (EPS) also improved significantly to Rs2.17, up from Rs0.80 a year earlier.
The company’s revenue declined by around 43% to Rs641.64 million, compared with Rs1.13 billion in the same period last year. However, the impact of lower sales was largely offset by a substantial increase in other income, which rose to Rs534.90 million from Rs42.44 million. Pace also recorded an exchange gain of Rs80.82 million on foreign currency convertible bonds, further strengthening its bottom line.
Operating profit nearly doubled to Rs837.18 million, compared with Rs424.47 million in the corresponding period of the previous year. Although finance costs remained significant at Rs111.72 million, they were lower than last year’s Rs122.34 million, contributing to improved profitability.
For the quarter ended March 31, 2026, Pace posted a profit after tax of Rs124.52 million, sharply higher than Rs34.85 million reported in the same quarter of FY2025. Quarterly EPS increased to Rs0.40 from Rs0.11.
The Board announced no cash dividend, bonus issue, or right issue, indicating that earnings will remain within the company to support future operations and growth initiatives.
The latest results highlight Pace (Pakistan)’s ability to significantly improve profitability through stronger non-core income and better financial management, even as its core revenue came under pressure during the reporting period.
