Lahore: Directors of Avanceon Limited presented their interim report for the three months ending March 31, 2026, revealing a substantial increase in revenues, both at the company and group levels, despite facing geopolitical challenges. The report, released on June 5, 2026, highlighted key financial metrics and provided insights into the company’s performance and future outlook.
Avanceon Limited reported consolidated revenues of PKR 3.76 billion for the first quarter, marking a 49% increase compared to the same period in 2025. However, the profit before tax experienced a decline, standing at PKR 76.62 million, down from PKR 284.59 million in the previous year. The profit after taxation also showed a decrease, recorded at PKR 57.45 million compared to PKR 271.63 million in 2025.
On an unconsolidated basis, the company’s revenues reached PKR 686.67 million, up from PKR 423.10 million in the first quarter of 2025. The profit before tax for the unconsolidated results was PKR 76.87 million, compared to PKR 55.71 million the previous year, while the profit after taxation rose to PKR 64.55 million from PKR 44.68 million.
The earnings per share (EPS) for the consolidated operations after tax was reported at Rs. 0.13, a decrease from Rs. 0.63 in 2025. Conversely, the unconsolidated EPS showed an increase, standing at Rs. 0.15 compared to Rs. 0.11 in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Avanceon Limited’s revenues at the group level, amounting to PKR 3.8 billion, demonstrated a significant move with a 49% increase over the same period in 2025. This growth is attributed to strategic execution and timely revenue recognition on specific projects, particularly within the Middle East.
Despite the revenue growth, gross margins faced pressure due to increased direct costs and the geopolitical situation in Pakistan and the Middle East. Fixed costs rose significantly, influenced by inflation and annual appraisal adjustments. Management remains optimistic, anticipating a strong year-end with a focus on enhancing shareholder value and closing the year with a robust profit after tax.
Avanceon Limited’s management highlighted a backlog of orders amounting to USD 70 million, with new orders approximately USD 20 million secured during the first quarter. This robust order book positions the company well to meet its annual revenue targets and corporate plans for 2026 as geopolitical tensions potentially ease in the coming months.