Lahore: Media Times Limited has announced its financial results for the fiscal year ending June 30, 2026, during a Board of Directors meeting held on September 24, 2026, in Lahore. The company reported no distribution of bonus shares, cash dividends, or rights issues for the year.
The Board has approved an Employee Stock Option Scheme (ESOS) encompassing 59,617,003 shares, representing 25% of the company's enhanced paid-up capital. These shares are priced at Rs. 9.00 each, a 10% discount from the par value. Additionally, an amendment to the company's Articles of Association has been approved to facilitate the ESOS, pending necessary corporate and regulatory approvals.
The Board has also sanctioned the issuance of shares to Sisley Group Company Limited. This move is intended to convert a long-term loan valued at Rs. 822.985 million, inclusive of principal and mark-up, into equity at a price of Rs. 9.00 per share, also a 10% discount to the par value. This decision is subject to obtaining the required corporate, legal, and regulatory approvals.
According to information available from the Pakistan Stock Exchange (PSX), Media Times Limited has transmitted its annual financial statements electronically via the Pakistan Unified Corporate Action Reporting System (PUCARS), adhering to the PSX notice No. PSX/N-5036 dated September 3, 2018. The financial statements are also accessible on the company's official website.
The company's statement of financial position reveals a significant increase in total assets, from Rs. 141.77 million in 2025 to Rs. 1.49 billion in 2026. This change is largely attributed to investments in associates, currently valued at Rs. 1.34 billion. Current assets also rose to Rs. 89.92 million from Rs. 56.39 million, reflecting an improved liquidity position.
Equity has undergone a notable transformation, with accumulated losses reducing from Rs. 2.92 billion to Rs. 1.76 billion. Consequently, the company's equity position has improved to Rs. 104.87 million from a deficit of Rs. 1.06 billion the previous year. This improvement marks a very large or significant move in the company's financial standing.
The company's non-current liabilities remain stable at Rs. 358.47 million, while current liabilities have increased to Rs. 1.03 billion, up from Rs. 837.58 million, primarily due to higher trade and other payables.
The Annual General Meeting of Media Times Limited is scheduled for October 28, 2026, in Lahore, and the share transfer books will be closed from October 21 to October 28, 2026. Transfers submitted to the company's Registrar and Share Transfer Office by the close of business on October 20, 2026, will be considered timely.