Lahore: Grays Leasing Limited has disclosed a financial loss for the quarter ending September 30, 2026, in its recent unaudited condensed interim financial statements. The company, which operates within the leasing industry, recorded a loss before taxation amounting to Rs. 337,562, a notable downturn from a profit of Rs. 1.631 million reported in the same period last year.

On October 28, 2026, the directors of Grays Leasing Limited presented the financial report, highlighting a revenue of Rs. 4.353 million, a decline from the previous year's Rs. 5.561 million. Administrative and other operating expenses rose to Rs. 4.685 million from Rs. 3.924 million, contributing to the financial shortfall experienced this quarter.

In a detailed analysis, the company attributed the loss primarily to reduced income from lease operations, which fell to Rs. 3.929 million from Rs. 5.059 million in the comparative period. This reduction, coupled with increased administrative expenses, particularly legal fees and consultancy costs, along with rising fuel prices, resulted in an operating deficit.

According to information available from the Pakistan Stock Exchange (PSX), the company's total assets as of September 30, 2026, were valued at Rs. 264.074 million, while total liabilities amounted to Rs. 189.686 million, leading to net assets of Rs. 74.387 million.

In response to these challenges, the management of Grays Leasing Limited plans to concentrate on prudent lease origination, recovery of receivables, cost control, and liquidity management. They aim to sustain the quality of the lease portfolio while keeping a close watch on regulatory and economic shifts to explore feasible financing opportunities in alignment with their risk tolerance.