Lahore: Grays Leasing Limited, a company operating within the leasing sector, announced its financial results for the fiscal year ending on June 30, 2026, revealing a significant downturn in performance. According to the company's report dated October 27, 2026, total assets decreased to Rs. 286.47 million from Rs. 317.34 million reported in the previous fiscal year.

The company's income from lease operations experienced a decline, amounting to Rs. 19.85 million compared to Rs. 22.63 million in Fiscal Year 2025, marking a very large move of -12.3%. The total revenue also fell to Rs. 21.37 million from Rs. 24.40 million, with other income slightly decreasing to Rs. 1.52 million from Rs. 1.78 million.

Administrative and other operating expenses increased marginally, reaching Rs. -18.78 million from Rs. -18.39 million. Financial and other charges saw a reduction to Rs. -0.16 million compared to Rs. -0.29 million in the previous year. The company's profit before tax decreased to Rs. 2.47 million from Rs. 6.04 million, indicating a very large move in financial performance.

According to information available from the Pakistan Stock Exchange (PSX), Grays Leasing Limited reported a loss after tax of Rs. -1.41 million, a substantial decline from a profit of Rs. 5.55 million recorded in Fiscal Year 2025. This represents a very large move in the company's bottom line performance. The reported earnings per share dropped to Rs. -0.066 from Rs. 0.258.

Grays Leasing Limited attributes the decline in financial performance to reduced lease income and challenges within the operating and taxation environment. The company emphasized its ongoing efforts to manage costs, enhance recovery processes, and explore new business opportunities to bolster future financial stability.