Karachi: Octopus Digital Limited has released its financial results for the third quarter ended September 30, 2026, revealing a significant downturn in profitability. The company reported a consolidated loss for the nine-month period ending September 30, 2026, amounting to 5,016,000 rupees, in stark contrast to a profit of 5,022,000 rupees reported for the same period in the previous year.

The revenue for the nine-month period increased to 964.97 million rupees from 749.71 million rupees in 2025. Despite this rise, the company faced increased costs, with the cost of revenue climbing to 512.44 million rupees, up from 419.72 million rupees in the previous year. As a result, the gross profit rose to 452.53 million rupees from 329.99 million rupees. However, the quarter ended September 30, 2026, saw a decrease in gross profit to 57.91 million rupees from 89.74 million rupees in the previous year.

Administrative and selling expenses for the nine-month period rose to 399.41 million rupees from 323.46 million rupees last year, while other expenses increased to 45.72 million rupees from 20.98 million rupees. Notably, other income dropped significantly to 12.07 million rupees from 37.53 million rupees in the previous year.

The company's profit before levy and taxation stood at 15.25 million rupees, a decline from 17.71 million rupees in the previous year. Taxation expenses increased to 20.21 million rupees from 12.56 million rupees, leading to a post-tax loss of 5.02 million rupees as opposed to a profit of 5.02 million rupees last year.

For the quarter ended September 30, 2026, Octopus Digital reported a loss of 28.80 million rupees, compared to a loss of 25.33 million rupees in the same quarter of the previous year. Basic and diluted earnings per share both registered a loss of 0.03 rupees for the nine-month period.

According to information available from the Pakistan Stock Exchange (PSX), the results reflect a very large or significant move in profitability, underscoring the company's challenges in managing increased operational and taxation costs. The financial results indicate an ongoing effort to navigate a complex market environment, with a focus on revenue growth while addressing cost-related pressures.