KARACHI: Salman Noman Enterprises Limited (PSX: SNEL) has announced its financial results for the nine-month period ended March 31, 2026, reporting a net loss of Rs16.83 million, slightly improving from the Rs17.63 million loss recorded during the corresponding period last year. The company’s loss per share also narrowed to Rs3.77, compared with Rs3.95 in the same period of 2025.
According to the financial statements approved by the Board of Directors in its meeting held on April 28, 2026, the company continued to face operational challenges, with administrative and selling expenses rising while depreciation remained the primary expense impacting profitability. For the quarter ended March 31, 2026, the company posted a net loss of Rs5.55 million, marginally better than the Rs5.84 million loss reported in the corresponding quarter last year.
The board did not recommend any cash dividend, bonus shares, right shares, or any other corporate action, maintaining its conservative stance amid ongoing financial pressures. The company also confirmed that there was no other price-sensitive information to disclose.
On the balance sheet, Salman Noman Enterprises reported total assets of Rs694.08 million as of March 31, 2026, compared with Rs710.71 million at the end of June 2025. Property, plant and equipment remained the company’s largest asset at Rs517.32 million, while cash and bank balances stood at Rs252,511.
The company’s accumulated losses widened to Rs794.13 million, resulting in negative equity of approximately Rs499.39 million. Long-term borrowings from financial institutions declined to Rs52.37 million, while long-term financing from related parties increased slightly to Rs199.67 million.
Despite the continued losses, the marginal improvement in earnings indicates a modest reduction in operating losses compared with the previous year. Going forward, investors are expected to closely monitor the company’s efforts to strengthen its financial position and restore profitability in the coming quarters.
