Karachi: Saudi Pak Consultancy Company Limited has reported a challenging financial quarter, marked by a decrease in total assets and a sustained net loss, according to its un-audited financial statement for the period ending September 30, 2026. The report, dated October 22, 2026, highlights significant shifts in both assets and liabilities.

The company's total assets decreased to 603.47 million rupees from 624.02 million rupees as recorded on June 30, 2026. The decline in current assets was notable, dropping to 499.04 million rupees compared to 518.08 million rupees previously. This decrease was primarily driven by reduced cash and bank balances, which fell to 11.86 million rupees from 24.26 million rupees, and a reduction in short-term investments, which now stand at 64.08 million rupees down from 68.99 million rupees.

Current liabilities remained stable at 1,023.52 million rupees, showing a marginal decrease from 1,023.62 million rupees. Despite this, the company's net assets fell further into negative territory, with a net asset position of negative 420.05 million rupees compared to negative 399.60 million rupees at the end of the previous quarter.

On the income side, the company experienced a decrease in total income, reporting 942,824 rupees compared to 1,418,900 rupees for the same period in the previous year. Income from finance leases dropped significantly to 279,264 rupees from 1,220,000 rupees. Other operating income slightly increased to 663,560 rupees from 198,900 rupees in the previous year.

The company's expenses also saw changes, with finance costs dropping to 9,143 rupees from 4,730,058 rupees, while administrative and operating expenses decreased slightly to 14.92 million rupees from 15.87 million rupees. Depreciation expenses remained stable at approximately 1.52 million rupees.

The financial results culminated in a loss before taxation of 15.51 million rupees compared to a profit of 4.33 million rupees in the previous year. The earnings per share reflected this downturn, showing a loss of 0.34 rupees per share, down from earnings of 0.10 rupees per share in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the performance of Saudi Pak Consultancy Company Limited is classified under the designated market category. Given the current figures, the company continues to face significant financial challenges as it navigates a complex economic landscape.