Lahore: Pace (Pakistan) Limited reported a significant profit increase for the third quarter of 2026, as revenue more than doubled compared to the same period last year. According to the company's un-audited financial statements for the quarter ending September 30, 2026, Pace achieved a revenue of 303.71 million rupees, up from 151.57 million rupees in the third quarter of 2025. This surge in revenue resulted in a gross profit of 152.38 million rupees, a substantial rise from the previous year's 86.70 million rupees.
The company's administrative and selling expenses decreased to 67.08 million rupees from 79.99 million rupees, further bolstering its profitability. Other income also saw a considerable increase, totaling 588.82 million rupees, compared to 363.77 million rupees in the same period last year.
Profit from operations climbed to 674.11 million rupees from 370.49 million rupees, indicating strong operational efficiency. The finance cost decreased to 26.65 million rupees from 49.34 million rupees, contributing to the improved bottom line. The company also reported an exchange gain of 18.35 million rupees on foreign currency convertible bonds, down from 42.89 million rupees in the previous year.
The company's profit before income tax and minimum taxes amounted to 665.82 million rupees, a stark increase from 364.04 million rupees in the same quarter of the previous year. After accounting for minimum tax and taxation, Pace's profit after taxation stood at 569.63 million rupees, up from 362.15 million rupees, marking a big move.
According to information available from the Pakistan Stock Exchange (PSX), the earnings per share for Pace (Pakistan) Limited saw a rise to 1.19 rupees from 0.76 rupees in the previous year.
On the balance sheet, Pace's total assets increased to 11.72 billion rupees by the end of September 2026, compared to 11.19 billion rupees as of June 30, 2026. The rise was primarily driven by an increase in investment property, which grew to 4.15 billion rupees from 3.18 billion rupees. Current assets, however, showed a slight decrease to 6.08 billion rupees from 6.50 billion rupees.
The company’s equity improved significantly, with share capital and reserves climbing to 2.60 billion rupees from 1.72 billion rupees as of June 2026. This was supported by an increase in issued, subscribed, and paid-up capital, which rose to 4.84 billion rupees from 4.50 billion rupees.
Current liabilities decreased to 8.81 billion rupees from 9.16 billion rupees, while non-current liabilities slightly increased to 307.80 million rupees from 304.03 million rupees. The company reported no long-term or redeemable secured capital liabilities.
Overall, the financial statements for the third quarter of 2026 reflect a robust financial performance by Pace (Pakistan) Limited, characterized by increased revenue, reduced costs, and enhanced profitability.