Karachi: Media Times Limited, a player in the media sector, has announced its un-audited financial results for the period ending September 30, 2026, marking a notable shift in its financial health, according to the latest disclosure. The company, which operates within the designated media market category, showcased a significant improvement in both revenue and profitability over the corresponding period last year.
For the three-month period ending September 30, 2026, Media Times Limited reported a revenue of Rs. 59,713,590, compared to Rs. 31,735,544 during the same period in 2025. This represents a very large or significant move in revenue growth. Coupled with a decreased cost of production at Rs. 15,070,059, down from Rs. 13,019,570, the gross profit recorded stood at Rs. 44,643,531, a substantial increase from Rs. 18,715,974 the previous year.
The company’s administrative and selling expenses saw a decline to Rs. 8,176,132 from Rs. 14,424,232, alongside a reduced finance cost of Rs. 4,694,014 compared to Rs. 12,951,907 in the prior year. A notable contribution to the financial results was the share of net profit from an associate, which amounted to Rs. 67,272,211, a new entry in this period's accounts, further bolstering the bottom line.
According to information available from the Pakistan Stock Exchange (PSX), the report highlighted a profit before income tax and minimum tax of Rs. 117,554,293, up from Rs. 2,609,310, indicating a very large or significant move in profitability. After accounting for a minimum tax of Rs. 746,420, the profit after taxation was recorded at Rs. 116,807,873, a stark contrast to Rs. 2,212,616 from the same period last year.
The earnings per share reflected this upward trend, with basic and diluted earnings per share reaching Rs. 0.65, compared to Rs. 0.01 previously. This improvement in earnings per share underscores the company’s successful financial strategies and operational efficiencies during this period.
On the balance sheet, total assets increased to Rs. 1.69 billion from Rs. 1.49 billion as of June 30, 2026. This growth is primarily attributed to the investment in an associate, which rose to Rs. 1.55 billion from Rs. 1.34 billion. Despite a slight dip in cash and bank balances, the overall current assets slightly decreased to Rs. 81.75 million from Rs. 89.92 million.
Equity and liabilities saw changes as well, with the share capital and reserves rising to Rs. 221.68 million from Rs. 104.87 million, driven by a reduction in accumulated losses. Current liabilities increased to Rs. 1.11 billion from Rs. 1.03 billion, largely due to an increase in trade and other payables, which rose to Rs. 615.82 million from Rs. 543.42 million.
The financial results for the period ending September 30, 2026, reflect Media Times Limited's ability to enhance its financial position significantly, driven by strategic investments and improved revenue streams. As the company continues to navigate the evolving landscape of the media industry, these results position it well for future growth and stability.