Karachi: Pak-Gulf Leasing Company Limited held its corporate briefing session for the fiscal year 2025 on November 20, revealing a decline in key financial metrics compared to previous years.
The company's revenue for the year ended June 30, 2025, stood at 222.46 million rupees, a decrease from 281.36 million rupees in 2024. Lease revenue also saw a decline to 145.22 million rupees from 218.73 million rupees the previous year.
Profit before taxation decreased to 105.01 million rupees in 2025 from 142.95 million rupees in 2024, while profit after taxation fell to 73.60 million rupees from 78.80 million rupees. The company's finance cost, however, showed a significant increase to 3,937 million rupees, compared to 77.54 million rupees in 2024.
According to information available from the Pakistan Stock Exchange (PSX), the provision for potential lease losses was recorded at 6.88 million rupees, while a provision of 28.56 million rupees was made against lease receivables held under litigation.
The company's financial ratios also reflected the downturn, with the income/expense ratio declining to 2.08 from 28. The current ratio improved to 2.76 from 2.04, and the debt/equity ratio was reported at 0.17. Earnings per share were recorded at 1.49 rupees, a slight decrease from 1.59 rupees in 2024.
Pak-Gulf Leasing's shareholders' equity dropped to 694.22 million rupees from 816.27 million rupees the previous year. The net investment in finance leases reduced to 738.58 million rupees from 1,181.68 million rupees, and total assets decreased to 1,446.33 million rupees from 1,950.52 million rupees in 2024. The company's working capital also decreased to 428.59 million rupees from 623.28 million rupees.
The dividend payout for 2025 was declared at 39.5%, compared to no dividend payout in 2024. The market value of the company's shares rose to 20.01 rupees from 5.49 rupees, indicating a very large or significant move.
Pak-Gulf Leasing, a key player in the corporate finance sector, has shown resilience over the years, but the recent figures highlight the operational challenges faced during the fiscal year.