Lahore — September 28, 2026: Pace (Pakistan) Limited has reported a significant improvement in its financial performance for the year ended June 30, 2026, turning a substantial loss recorded in the previous year into a strong profit.

According to the company’s financial results, Pace Pakistan posted profit after taxation of Rs1.340 billion for FY2026, compared with a loss after taxation of Rs87.324 million in FY2025. The company’s earnings per share also improved to Rs4.50, compared with a loss per share of Rs0.29 in the previous year.

Revenue declines, but gross profit improves

The company reported revenue of approximately Rs792.2 million during FY2026, down from Rs1.167 billion a year earlier. Despite the decline in revenue, gross profit increased to Rs483.2 million, compared with Rs464.5 million in FY2025.

Administrative and selling expenses declined substantially to around Rs233.3 million, compared with Rs405.4 million in the previous year. Other income also rose sharply to approximately Rs1.22 billion, compared with Rs50.8 million in FY2025. These movements contributed to profit from operations of around Rs1.47 billion, compared with Rs209.8 million a year earlier.

Bottom line moves firmly into profit

Pace Pakistan’s financial results show a major improvement at the bottom line. The company recorded profit before taxation of approximately Rs1.474 billion, while profit after taxation reached Rs1.340 billion.

The turnaround is particularly notable because the company had reported a loss before taxation of approximately Rs82.8 million and a loss after taxation of Rs87.3 million in FY2025.

Consolidated performance also improves

The company’s consolidated results show a similar improvement. Consolidated revenue stood at approximately Rs792.2 million, while gross profit reached Rs483.2 million.

Profit attributable to owners of the parent company was approximately Rs1.186 billion, compared with a loss of about Rs317.8 million in FY2025. Total consolidated profit for the year stood at approximately Rs1.229 billion, compared with a loss of Rs528.4 million in the preceding year. Earnings per share on a consolidated basis improved to Rs3.98, compared with a loss per share of Rs1.07.

Cash flow and investment activity

The company’s standalone cash flow statement shows net cash generated from operating activities of approximately Rs159.1 million during FY2026, compared with negative Rs12.0 million in FY2025.

At the same time, the company made significant investment-related cash outflows, including approximately Rs160 million for property, plant and equipment and Rs860 million for intangible assets. The company also recorded investment disposed during the period of approximately Rs1.279 billion.

On a consolidated basis, net cash generated from operating activities was approximately Rs129.5 million, compared with Rs4.8 million in FY2025. The consolidated cash flow statement also recorded significant investment activity during the year.

Corporate developments

In its September 24, 2026 communication, Pace Pakistan said its Board of Directors had granted in-principle approval for a proposed acquisition, with the consideration to be discharged through the issuance of ordinary shares, subject to the relevant approvals and the sanctioned scheme. The company also announced that its Annual General Meeting was scheduled for October 28, 2026, at 11:30 a.m. in Lahore.

The company further stated that its share transfer books would remain closed from October 21 to October 28, 2026, both days inclusive, and that the financial statements would also be made available on the company’s website.

A notable turnaround in FY2026

Pace Pakistan’s FY2026 results highlight a substantial improvement in profitability despite lower reported revenue. Higher gross profit, significantly reduced administrative and selling expenses, and a sharp increase in other income helped move the company from a loss position in FY2025 to a sizeable profit in FY2026.

The financial statements therefore present FY2026 as a year of considerable change in Pace Pakistan’s financial performance, while the company’s proposed corporate transaction and planned Annual General Meeting point to further developments ahead.