Karachi: Saudi Pak Consultancy Company Limited, formerly known as Saudi Pak Leasing Company Limited, has reported a substantial decrease in its financial standing for the fiscal year ended June 30, 2025, as detailed in its latest statement of financial position. The company, which operates within the consultancy services market category, witnessed a notable contraction in its total assets and an increase in its net liabilities, reflecting ongoing operational challenges.
On September 17, 2025, the company's financial statements revealed that total assets fell to 686.03 million rupees from 734.61 million rupees recorded in the previous year, marking a decrease in asset value. The current assets saw a reduction, with cash and bank balances decreasing to 69.74 million rupees compared to 108.82 million rupees in 2024. However, short-term investments increased to 55.76 million rupees from 39.18 million rupees, indicating a strategic shift in asset allocation.
The liabilities of Saudi Pak Consultancy Company escalated, with total liabilities recorded at 1.09 billion rupees, down from 1.19 billion rupees in the previous year. Despite this decrease, the company continues to face significant financial burdens, as highlighted by its net assets standing at negative 399.18 million rupees, an improvement from negative 459.74 million rupees in 2024.
According to information available from the Pakistan Stock Exchange (PSX), the company’s revenue from contracts with customers dropped significantly to 102.04 million rupees from 154.00 million rupees in 2024, indicating a very large or significant move of -33.73%. This revenue reduction was compounded by increased administrative and operating expenses, which rose to 62.10 million rupees from 43.05 million rupees, and a decrease in other operating income to 18.95 million rupees from 32.52 million rupees in the preceding year.
Despite these setbacks, the company managed to achieve a profit before income tax amounting to 44.96 million rupees, although this represents a decrease from the previous year's 107.18 million rupees. The income tax expense was recorded at 798,253 rupees, resulting in a profit after income tax of 44.16 million rupees, down from 107.18 million rupees.
The cash flow statement depicted a net decrease in cash and cash equivalents by 39.08 million rupees during the financial year, ending with cash and cash equivalents at 69.74 million rupees compared to 108.82 million rupees at the beginning of the year.
Overall, Saudi Pak Consultancy Company Limited is navigating through a period of financial distress, as reflected in its declining asset base and increased liabilities. The company’s management may need to adopt strategic measures to stabilize its financial position and improve operational efficiency in the upcoming fiscal periods.