Karachi: Gammon Pakistan Limited has published its 79th Annual Report, revealing a notable financial recovery for the fiscal year ending June 30, 2026. The report, dated October 13, 2026, highlights a substantial profit after taxation of 26.79 million rupees, a significant move from the previous year's loss of 63.80 million rupees.
The company's financial position shows a total asset value of 996.31 million rupees, slightly decreasing from 996.86 million rupees in 2025. Non-current assets increased to 693.35 million rupees from 682.91 million rupees, primarily due to deferred taxation reported as 10.91 million rupees in 2026, where none was recorded the previous year.
Current assets, however, experienced a decline, totaling 302.95 million rupees, down from 313.95 million rupees in 2025. Notable decreases were observed in contract receivables, which fell from 44.46 million rupees to 13.86 million rupees, marking a very large or significant move. Other receivables, conversely, rose to 5.85 million rupees from 2.60 million rupees, indicating a big move.
According to information available from the Pakistan Stock Exchange (PSX), the company's equity improved to 812.51 million rupees, up from 785.15 million rupees, supported by an increase in accumulated profit, now at 404.58 million rupees, compared to 376.04 million rupees the previous year. This reflects a moderate move.
The profit and loss statement for 2026 revealed a notable improvement, with a net operating income of 3.42 million rupees, contrasting with a loss of 51.06 million rupees in 2025. Other income increased significantly to 75.85 million rupees from 52.93 million rupees, a big move contributing to the overall financial turnaround.
The company reported a profit before income tax of 6.37 million rupees, a stark improvement from the loss of 43.38 million rupees in 2025. Income tax adjustments resulted in a final profit after taxation of 26.79 million rupees. Earnings per share rose to 0.95 rupees, compared to a loss of 2.26 rupees per share in the previous year.
As of June 30, 2026, Gammon Pakistan Limited's liabilities showed a decline, with non-current liabilities decreasing to 4.57 million rupees from 14.24 million rupees, attributed to the absence of deferred taxation in the current year. Current liabilities also decreased to 179.23 million rupees from 197.47 million rupees, driven by lower trade and other payables.
The financial results indicate a robust recovery for Gammon Pakistan Limited, marking a significant turnaround from the losses experienced in the previous fiscal year.