Pakistan Engineering Company Ltd. Reports Financial Results with Continued Losses

Lahore: Pakistan Engineering Company Ltd. has announced its financial results for the three-month period ending September 30, 2025, as reported in a board meeting held on August 18, 2026. The company reported a loss after taxation amounting to 19,254 thousand rupees, compared to a loss of 23,969 thousand rupees in the same period last year.

According to the financial statements, the company did not generate any sales revenue during this period, marking a significant contrast to the previous year's sales of 7,208 thousand rupees. The cost of sales also remained at zero, contributing to a gross loss of zero, compared to a gross loss of 7,594 thousand rupees in the prior year.

The administrative expenses for the period amounted to 13,407 thousand rupees, an increase from 11,701 thousand rupees last year. Other operating charges remained constant at 305 thousand rupees, while other operating income showed a minor move with an increase to 518 thousand rupees from 506 thousand rupees. The operating loss was reported at 13,193 thousand rupees, a decrease from the previous year's operating loss of 19,096 thousand rupees.

Finance costs rose to 47 thousand rupees from 15 thousand rupees, leading to a loss before taxation and levies of 13,240 thousand rupees, compared to 19,111 thousand rupees last year. Taxation expenses reached 6,014 thousand rupees, up from 4,768 thousand rupees, resulting in a final loss after taxation of 19,254 thousand rupees. The basic and diluted loss per share was reported as 3.38 rupees, an improvement from 4.21 rupees per share last year.

The company's financial position as of September 30, 2025, shows non-current assets totaling 39.05 billion rupees, with current assets amounting to 242.36 million rupees. Additionally, freehold land held for sale is valued at 314.72 million rupees, bringing the total assets to 39.61 billion rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company has not declared any cash dividends, bonus shares, or rights shares for the reported period. No other entitlements or corporate actions were announced, with no price-sensitive information disclosed.

The company's financial results have been transmitted through PUCARS, in compliance with the requirements under Section 96 and 131 of the Securities Act, 2015. Further details are available in the attached condensed interim financial statements, which include the Statement of Profit and Loss, Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flows.