Karachi: Siemens (Pakistan) Engineering Company Limited has reported a net loss of Rs22.81 million for the nine-month period ended June 30, 2026, compared with a net profit of Rs769.05 million recorded in the corresponding period last year. The sharp decline reflects the absence of one-off gains from discontinued operations that significantly boosted earnings in the previous year.
The company generated revenue from continuing operations of Rs5.355 billion, down from Rs6.462 billion in the same period of the previous year. Lower sales across its continuing businesses contributed to weaker operating performance during the period.
Profit before levy and income tax from continuing operations fell to Rs178.25 million, compared with Rs453.08 million a year earlier. After accounting for levy and income tax, Siemens Pakistan posted a loss of Rs22.81 million from continuing operations. Basic and diluted loss per share stood at Rs2.77, compared with earnings per share of Rs93.25 in the corresponding period last year.
The previous year’s financial performance had been supported by Rs724.09 million in profit from discontinued operations, including gains related to the sale of the company’s Energy Business. During the current period, no such contribution was recorded, resulting in a significant year-on-year decline in overall profitability.
Despite the weaker earnings, Siemens Pakistan maintained a solid liquidity position, with cash and bank balances of Rs5.16 billion as of June 30, 2026. The company also continued investing in its operations while managing working capital and reducing trade payables compared with the end of the previous financial year.
In its outlook, the company said it remains committed to driving sustainable growth through innovation, operational excellence, and stronger customer partnerships as part of its transformation into “ONE Tech Company.” Siemens Pakistan plans to leverage its technology leadership to deliver integrated solutions supporting digitalization and sustainability across key industries.
Management acknowledged that the operating environment remains challenging due to prevailing regional geopolitical developments and macroeconomic uncertainties. However, it emphasized that the company will continue focusing on disciplined execution, selective growth initiatives, and effective risk management to strengthen its long-term resilience and create value for shareholders.
