Karachi: Select Technologies Limited has released its annual report for the fiscal year ending June 30, 2026, indicating a period of moderate financial shifts amid declining revenues. The report, dated October 5, 2026, provides a comprehensive overview of the company's financial position and performance over the past year.
The company's total assets by the end of June 2026 stood at 36.68 billion rupees, a minor move of -1.24% from the previous year's total of 37.13 billion rupees. Non-current assets increased to 13.18 billion rupees from 11.35 billion rupees, showing a big move of 16.15%. Current assets, however, exhibited a significant reduction, dropping to 23.50 billion rupees from 25.79 billion rupees, marking a very large or significant move of -8.89%.
The revenue from contracts with customers showed a substantial decline, recording 31.56 billion rupees for the fiscal year 2026, down from 48.89 billion rupees in 2025. This represents a very large or significant move of -35.47%, reflecting challenges in maintaining sales momentum. Despite this, the gross profit rose to 5.27 billion rupees from 4.37 billion rupees, a moderate move of 20.45%.
Operating profit increased to 4.53 billion rupees, up from 3.98 billion rupees, marking a moderate move of 13.89%. The report also indicates a reduction in finance costs to 2.08 billion rupees from 2.40 billion rupees, a moderate move of -13.23%.
According to information available from the Pakistan Stock Exchange (PSX), Select Technologies Limited continues to maintain its financial stability with a profit before income tax of 2.72 billion rupees, rising from 2.09 billion rupees, which constitutes a big move of 30.02%. The company reported a profit for the year of 2.70 billion rupees, an increase from 1.30 billion rupees, marking a very large or significant move of 107.11%.
The issued, subscribed, and paid-up share capital remained steady at 8.00 billion rupees, while unappropriated profit increased to 5.52 billion rupees from 2.82 billion rupees, illustrating a very large or significant move of 95.91%. The company's earnings per share also rose to 3.38 from 1.63, reflecting this upward trend in profitability.
Overall, the financial report for Select Technologies Limited highlights a year of strategic financial adjustments amidst declining revenues, underscoring the company's resilience and operational efficiency in navigating economic challenges within its designated market category.