Lahore: The Board of Directors of LSE Financial Services Limited released its un-audited financial statements for the first quarter ending September 30, 2026, revealing a noteworthy reduction in losses compared to the same period last year. The report, dated October 30, 2026, indicates a Loss after tax of Rs. 1.957 million, a significant improvement from the Rs. 16.484 million loss recorded in the first quarter of 2025.

The company's operating income saw a minor move increase, rising to Rs. 7,709,000 from Rs. 7,262,000. Despite the increase in operating income, other income fell considerably to Rs. 238,000 from Rs. 2,457,000, and the share of profit from associates decreased to Rs. 506,000 from Rs. 2,189,000. Administrative and general expenses significantly decreased to Rs. 8.548 million from Rs. 26.663 million, contributing to the overall reduction in net losses.

According to information available from the Pakistan Stock Exchange (PSX), the company's total assets stood at Rs. 274.178 million, slightly down from Rs. 278.270 million in the previous year. Equity plus revaluation surplus decreased marginally to Rs. 203.39 million from Rs. 205.347 million. Total liabilities also saw a reduction, standing at Rs. 70.79 million compared to Rs. 72.92 million last year.

The finance cost increased to Rs. 1.601 million from Rs. 37,000, impacting the profit before taxation, which improved to Rs. 1.696 million negative from Rs. 14.793 million negative. Taxation decreased to Rs. 262,000 from Rs. 1.692 million, contributing to the improved net result.

The earnings per share (EPS) improved to a loss of Rs. 0.01 per share, compared to a loss of Rs. 0.06 per share in the corresponding period of the previous year. Despite the challenging business climate, the company remains focused on adapting to market dynamics while maintaining prudent operational strategies.