Lahore: Media Times Limited has released its financial results for the nine months ending March 31, 2026, reflecting ongoing financial challenges. The Board of Directors, in a meeting held on April 28, 2026, reported no issuance of bonus shares, cash dividends, or rights issues. This decision underscores the company’s current fiscal environment.
The financial documents, including the Profit and Loss Account, Statement of Financial Position, Statement of Change in Equity, and Statement of Cash Flows, were submitted electronically to the Pakistan Stock Exchange (PSX) via PUCARS, in compliance with PSX notice No. PSX/N-5036 dated September 3, 2018.
The Board has granted preliminary approval to convert long-term finance and related accrued mark-up of Rs. 810.553 million into ordinary shares at Rs. 9.00 per share. This conversion is pending necessary corporate and regulatory approvals. The move is aimed at stabilizing the company’s financial structure amid ongoing challenges.
According to information available from the Pakistan Stock Exchange (PSX), the financial results indicate a significant shift in the company’s financial position. The non-current assets stood at Rs. 931.05 million as of March 2026, compared to Rs. 860.00 million in June 2025. Meanwhile, current liabilities remained largely unchanged at Rs. 361.38 million from Rs. 361.43 million.
The equity section reveals a persistent accumulated loss, which reduced to Rs. 2.18 billion from Rs. 2.92 billion, suggesting a very large or significant move towards reducing the deficit. However, the net equity remains negative at Rs. 315.46 million, showing a moderate move from the previous negative Rs. 1.06 billion.
The financial results reflect the ongoing efforts by Media Times Limited to address its fiscal challenges and align its capital structure to support future growth. The media company operates within the designated market category of media and communications, an industry facing both traditional and emerging challenges in the current economic climate.