Saudi Pak Consultancy Company Limited Reports Quarterly Financial Results for September 2026

Saudi Pak Consultancy Company Limited, formerly known as Saudi Pak Leasing Company Limited, has reported a loss of Rs15.51 million for the quarter ended September 30, 2026, compared with a profit of Rs4.33 million in the corresponding period last year, according to its unaudited interim financial statements.

The company’s financial results indicate a challenging quarter, with lower total income and continued operating expenses affecting its profitability.

Total Income Declines Year-on-Year

Saudi Pak Consultancy Company recorded total income of Rs942,824 during the quarter under review, compared with Rs1.42 million in the same quarter of 2025.

Income from finance leases amounted to Rs279,264, while other operating income contributed Rs663,560. In comparison, the company reported finance lease income of Rs1.22 million and other operating income of Rs198,900 in the corresponding period last year.

Despite an increase in other operating income, the decline in finance lease income contributed to the reduction in overall income.

Operating Expenses Remain Significant

The company reported total expenses of approximately Rs16.46 million during the quarter, compared with Rs22.13 million in the same period last year.

Administrative and operating expenses stood at Rs14.92 million, while depreciation amounted to Rs1.52 million. Finance costs were recorded at Rs9,143, significantly lower than Rs4.73 million in the corresponding quarter of 2025.

As a result, the company posted an operating loss before provisions of Rs15.51 million, compared with an operating loss of Rs20.71 million in the previous year’s corresponding quarter.

The company also recorded no gains from the settlement of liabilities or net gains on leases, loans and other receivables during the quarter, whereas the corresponding period last year included gains of approximately Rs25.04 million.

Loss Per Share Turns Negative

The company reported a net loss of Rs15.51 million for the quarter, compared with a net profit of Rs4.33 million a year earlier. Basic loss per share stood at Rs0.34, against earnings per share of Rs0.10 in the same period last year.

The results highlight the impact of lower income and the absence of significant gains recorded in the previous year.

Financial Position and Assets

According to the statement of financial position, the company’s total assets stood at approximately Rs603.47 million as of September 30, 2026, compared with Rs624.02 million at June 30, 2026.

Current assets amounted to Rs499.04 million, while non-current assets stood at Rs104.43 million. Cash and bank balances declined to Rs11.86 million from Rs24.26 million at the end of June 2026.

The company reported total liabilities of approximately Rs1.02 billion and negative net assets of Rs420.05 million at the end of September 2026, compared with negative net assets of Rs399.60 million at June 30, 2026.

These figures indicate that the company’s liabilities continued to exceed its reported assets during the quarter.

Cash Flow Performance

The cash flow statement showed net cash used in operating activities of approximately Rs12.40 million during the quarter, compared with Rs12.22 million in the corresponding period last year.

Cash and cash equivalents decreased by Rs12.40 million during the period, bringing the closing balance to Rs11.86 million, down from Rs24.26 million at the beginning of the quarter.

The decline in cash balances highlights the importance of managing operating cash flows and maintaining adequate liquidity.

Outlook

Saudi Pak Consultancy Company’s first-quarter results reflect continued financial pressure, with a shift from profit to loss and a decline in total assets and cash balances. The company’s future performance will depend on its ability to improve income generation, manage operating expenses, strengthen cash flows and address its negative net asset position.

Investors and market participants will likely monitor the company’s upcoming financial statements for signs of improved operating performance and financial stability.