Sialkot: Grays Leasing Limited has reported a substantial decline in its financial performance for the fiscal year ending June 30, 2026. The report, released following the Board of Directors meeting on September 17, 2026, held at the company’s branch office on Roras Road, highlighted a stark reduction in both revenue and profit, alongside the decision to forego cash dividends, bonus shares, and right shares for the year.
The company's income from lease operations fell to 19.85 million rupees from 22.63 million rupees in 2025, marking a significant move downwards. Other income also decreased to 1.52 million rupees from 1.78 million rupees. Grays Leasing's total revenue for the year stood at 21.37 million rupees, compared to 24.40 million rupees in the previous year.
Expenditures, including administrative and other operating expenses, were recorded at 18.78 million rupees, slightly up from 18.39 million rupees in 2025. Financial and other charges decreased to 161,621 rupees from 291,116 rupees. The net reversal for allowance for potential lease losses was reduced to 46,661 rupees from 323,168 rupees. The total expenditure amounted to 18.89 million rupees, a marginal increase from the previous year's 18.36 million rupees.
Profit before taxation saw a very large move downward, plummeting to 2.47 million rupees from 6.04 million rupees. After accounting for taxation, the company reported a loss of 1.41 million rupees, a reversal from the previous year's profit of 5.53 million rupees. The earnings per share also reflected this downturn, registering a loss of 0.066 rupees compared to a profit of 0.253 rupees in 2025.
According to information available from the Pakistan Stock Exchange (PSX), the company's financial position as of June 30, 2026, revealed total assets amounting to 286.47 million rupees, down from 317.34 million rupees in the previous year. Current assets decreased to 154.89 million rupees from 169.06 million rupees, while non-current assets fell to 131.58 million rupees from 148.28 million rupees.
Liabilities for Grays Leasing Limited also decreased, with total liabilities recorded at 211.50 million rupees, down from 240.76 million rupees in 2025. Current liabilities were 148.71 million rupees, slightly down from 149.12 million rupees, and non-current liabilities dropped significantly to 62.79 million rupees from 91.64 million rupees.
The Annual General Meeting is scheduled for October 26, 2026, at the company's registered office in Lahore. The share transfer books will remain closed from October 20, 2025, to October 26, 2025. Transfers received by the close of business on October 19, 2026, will be recognized for entitlements.
The company's net assets also saw a decline to 74.96 million rupees from 76.58 million rupees, attributed to an accumulated loss increase to 199.29 million rupees from 197.67 million rupees. Despite maintaining an authorized share capital of 350 million rupees and issued share capital of 215 million rupees, the company reported no contingencies and commitments.