Karachi: Media Times Limited announced its financial results for the quarter ending on September 30, 2026, reflecting a notable increase in profitability driven by a substantial rise in net revenue. The data, disclosed on October 16, 2026, reveals a marked improvement in the company's financial performance compared to the same period last year.
The company reported net revenue of 59.71 million rupees for the July-September 2026 quarter, a sharp increase from 31.74 million rupees recorded during the same period in 2025. This rise in revenue contributed to a gross profit of 44.64 million rupees, up from 18.72 million rupees in the previous year.
Administrative and selling expenses decreased significantly to 8.18 million rupees from 14.42 million rupees, while finance costs also saw a reduction to 4.69 million rupees from 12.95 million rupees in the prior year. A major contributing factor to the enhanced profitability was a 67.27 million rupees share of net profit from the company's associate.
According to information available from the Pakistan Stock Exchange (PSX), Media Times Limited's profit before income tax and minimum tax surged to 117.55 million rupees from a modest 2.61 million rupees in the same quarter of the previous year. After accounting for a minimum tax of 746,420 rupees, the profit after taxation stood at 116.81 million rupees, significantly higher than the 2.21 million rupees reported in the third quarter of 2025.
The company's earnings per share witnessed a very large move, increasing to 0.65 rupees from 0.01 rupees. This improvement in earnings per share underscores the company's enhanced financial health and operational efficiency.
The financial position as of September 30, 2026, shows total assets at 1.69 billion rupees, an increase from 1.49 billion rupees at the end of June 2026. This increase was supported by a rise in the investment in associates, which grew to 1.55 billion rupees from 1.34 billion rupees.
Media Times Limited's equity and liabilities portfolio indicates an authorized share capital of 2.10 billion rupees with share capital remaining constant at 1.79 billion rupees. Accumulated losses reduced to 1.64 billion rupees from 1.76 billion rupees, reflecting a positive trend in the company's financial recovery.
The report highlights a stable outlook for the company as it continues to manage its liabilities, with non-current liabilities remaining at 358.47 million rupees and current liabilities increasing to 1.11 billion rupees from 1.03 billion rupees.
This financial disclosure places Media Times Limited in a robust position within the market, showcasing its ability to adapt and thrive amid varying economic conditions.