Karachi: NETS International Communication Limited reported a decrease in profits for the third quarter of 2026, according to its condensed interim financial statement. The company, operating within the communication sector, released its un-audited report on November 2, 2026, detailing its financial performance for the period ending September 30, 2026.

The company's revenue for the period rose to 471.37 million rupees, compared to 376.57 million rupees the previous year. Despite this increase in revenue, the cost of revenue also surged, reaching 377.90 million rupees from 272.70 million rupees in the same quarter of 2025, leading to a gross profit of 93.47 million rupees, down from 103.87 million rupees.

Selling and distribution expenses increased to 20.02 million rupees from 12.20 million rupees, while administrative expenses decreased to 52.34 million rupees from 61.17 million rupees. Other operating expenses significantly dropped to 0.48 million rupees from 150.66 million rupees. This resulted in a reduction of total operating expenses to 72.84 million rupees from 224.02 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), NETS International's other operating income fell substantially to 5.28 million rupees from 163.28 million rupees the previous year. Consequently, the profit from operations stood at 25.91 million rupees, a decline from 43.12 million rupees in 2025.

The financial results also reflect other income amounting to 11.99 million rupees, while finance costs increased to 8.21 million rupees from 5.00 million rupees. This led to a profit before levies and income tax of 29.69 million rupees compared to 38.12 million rupees in the previous year.

After accounting for levies of 10.41 million rupees, the profit before income tax was 19.29 million rupees, falling from 38.12 million rupees. Taxation costs increased to 10.33 million rupees from 7.84 million rupees, resulting in a post-tax profit of 8.95 million rupees, a significant move from the prior year's 30.28 million rupees.

The company's earnings per share also declined to 0.24 rupees from 0.82 rupees, reflecting the broader downtrend in profitability for the period under review.