Lahore: Grays Leasing Limited has released its annual financial report for the fiscal year ended June 30, 2026, revealing a significant decline in net profits due to increased taxation. The company, listed under the financial services category, registered a loss after taxation of 1,411,936 rupees, a reversal from the profit of 5,545,721 rupees reported in the previous year. The report was issued on October 2, 2026.

The total assets of Grays Leasing Limited decreased to 286.47 million rupees from 317.34 million rupees in 2025. Current assets saw a decline, with cash and bank balances falling to 2,663,887 rupees from 6,781,218 rupees, while non-current assets also decreased to 131.58 million rupees from 148.28 million rupees.

Liabilities for the year stood at 211.50 million rupees, down from 240.76 million rupees the previous year. Current liabilities experienced minimal change, closing at 148.71 million rupees compared to 149.12 million rupees in 2025. Notably, the company's loan from related parties was reduced to 11.50 million rupees from 39.00 million rupees, reflecting strategic financial adjustments.

Shareholders' equity decreased to 74.96 million rupees from 76.58 million rupees in the previous year. Accumulated losses expanded to 199.29 million rupees from 197.67 million rupees, impacting the overall equity position.

According to information available from the Pakistan Stock Exchange (PSX), the company's revenue from lease operations fell to 19,851,745 rupees from 22,626,320 rupees, indicating a very large or significant move in revenue. Despite this, expenditures were well-managed, with administrative and operating expenses showing a minor increase, amounting to 18.78 million rupees from 18.39 million rupees.

The company's financial charges also saw a decline, recorded at 161,621 rupees from 291,116 rupees, contributing to the overall financial adjustments undertaken during the fiscal year. The reversal for allowance for potential lease losses was 46,661 rupees, down from 323,168 rupees in 2025.

Grays Leasing Limited's earnings per share shifted from a positive 0.258 rupees to a loss of 0.066 rupees, marking a challenging year for the company in terms of profitability and shareholder returns. The increased taxation, at 3,886,629 rupees compared to 495,959 rupees in 2025, played a pivotal role in the decreased net profit, highlighting the fiscal pressures faced by the company during the period.