Karachi: Dewan Automotive Engineering Limited has revealed its financial performance for the fiscal year ending June 30, 2026, showing a persistent downturn with a recorded loss of Rs. 50,622,000. According to the company's annual report dated October 2, 2026, the financial position reflects several key changes compared to the previous year.

The company's total assets fell from Rs. 186,270,000 in 2025 to Rs. 174,428,000 in 2026, indicating a noticeable decline in value. The non-current assets decreased to Rs. 168,307,000 from Rs. 181,837,000, primarily due to a reduction in property, plant, and equipment. Current assets, however, showed an increase from Rs. 4,433,000 to Rs. 6,121,000, driven by a rise in advances and receivables.

The equity and liabilities section of the report highlights significant accumulated losses, which grew from Rs. 2,020,547,000 to Rs. 2,067,771,000. This increase contributed to a total equity and liabilities figure of Rs. 174,428,000, down from Rs. 186,270,000 the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Automotive Engineering Limited's financial challenges are further evidenced by its performance metrics. The company experienced a gross loss of Rs. 11,583,000, a slight improvement from the previous year's Rs. 13,249,000. Despite this, operating expenses were reduced to Rs. 5,104,000 from Rs. 7,804,000, reflecting cost-cutting measures.

The company's finance costs increased to Rs. 37,015,000 from Rs. 33,499,000, exacerbating the loss before taxation, which stood at Rs. 52,010,000 compared to Rs. 53,451,000 in 2025. Taxation contributed a net positive of Rs. 1,388,000, slightly down from Rs. 1,508,000 the previous year.

Overall, Dewan Automotive Engineering Limited reported a basic and diluted loss per share of Rs. 2.37, a minor improvement from Rs. 2.43 in the prior year, marking a minor move in its financial results. The ongoing financial strain highlights the company's continued struggle in the automotive sector.