Karachi: Octopus Digital Limited has released its half-yearly report for the period ending June 30, 2026, revealing significant revenue growth in both consolidated and unconsolidated results, despite facing increased administrative and selling expenses. The report, dated September 1, 2026, indicates the company's strategic focus on order execution and cost streamlining to enhance future profitability.
For the half-year period concluded on June 30, 2026, Octopus Digital's consolidated revenues reached Rs. 693.96 million, marking a 29% increase from the Rs. 537.43 million reported in the same period last year. However, profit after tax fell to Rs. 23.78 million from Rs. 30.35 million, a reflection of rising costs and exchange rate losses, contrasting with exchange gains recorded in the previous year.
Unconsolidated revenues for the same period rose by 5%, reaching Rs. 188.67 million, up from Rs. 179.43 million in the prior year. The company reported a loss after tax of Rs. 30.97 million, compared to a loss of Rs. 9.09 million in the previous year. The unconsolidated basic loss per share was Rs. (0.20), compared to Rs. (0.06) last year.
According to information available from the Pakistan Stock Exchange (PSX), the company's consolidated earnings per share after tax stood at Rs. 0.15, down from Rs. 0.19 in the previous year, indicating a minor move. The Directors' report noted that the profit after tax represented 3.4% of revenue for consolidated results, while the standalone results reflected a loss of 16% of revenue.
Despite challenges such as the Middle East affecting the supply chain, Octopus Digital has managed to secure orders worth approximately $7 million, with many being long-term contracts expected to generate recurring monthly revenue. The company is expanding its footprint into new localities, aiming to capitalize on strong marketing efforts and customer outreach.
The company reported total assets of Rs. 3.41 billion as of June 30, 2026, compared to Rs. 3.28 billion at the end of 2025. Operating fixed assets saw a decrease, while intangible assets increased significantly. Current liabilities, including trade payables and contract liabilities, showed an increase over the period.
Octopus Digital's management remains optimistic about achieving this year's targets, focusing on executing current projects in the third and fourth quarters. The company is committed to effective communication with shareholders and ensuring timely dissemination of financial reports in compliance with the Companies Act of 2017.