Lahore: Pace (Pakistan) Limited has announced its financial results for the year ended June 30, 2026, reporting a substantial increase in profitability compared to the previous year. The company's Board of Directors, in a meeting held on September 24, 2026, at Lahore, disclosed several key financial metrics and strategic decisions.
According to the consolidated statement of cash flows, Pace (Pakistan) Limited experienced a net cash generation from operating activities amounting to 129.50 million rupees, a significant improvement from 4.81 million rupees in 2025. The company also reported cash used in investing activities at 409.11 million rupees, compared to 165.84 million rupees last year, primarily due to substantial investments in property, plant, and equipment.
The company's revenue decreased to 792.17 million rupees from 1.17 billion rupees in 2025. Despite this, the gross profit increased to 483.17 million rupees from 464.50 million rupees, aided by a reduction in the cost of revenue. Notably, other income surged to 1.22 billion rupees from 50.76 million rupees, contributing significantly to the profitability.
The profit from operations reached 1.47 billion rupees, marking a very large move from 209.82 million rupees in 2025. Finance costs decreased to 139.43 million rupees from 188.72 million rupees, while an exchange gain of 98.21 million rupees was recorded, contrasting with a loss of 95.06 million rupees in the previous year.
According to information available from the Pakistan Stock Exchange (PSX), Pace (Pakistan) Limited's profit before income tax and minimum taxes stood at 1.47 billion rupees, a stark contrast to a loss of 68.24 million rupees in 2025. After accounting for taxation of 133.74 million rupees, the profit after taxation rose to 1.34 billion rupees, reflecting a significant turnaround from a loss of 87.32 million rupees in the prior year. Consequently, basic earnings per share increased to 4.50 rupees from a loss of 0.29 rupees.
The Board has also granted in-principle approval for the acquisition of the PACE Circle Project owned by PACE Barka Properties Limited. This acquisition will be completed through the issuance of ordinary shares in accordance with a court-sanctioned scheme. Moreover, the company will hold its Annual General Meeting on October 28, 2026, in Lahore, with the share transfer books closing from October 21 to October 28, 2026.
Pace (Pakistan) Limited's strategic initiatives and robust financial performance highlight its resilience and adaptive strategies in an evolving market.