Karachi: Saudi Pak Consultancy Company Limited has experienced a notable decline in its revenue for the fiscal year ending June 30, 2026. The company's annual statement, released on September 22, 2026, reveals a decrease in revenue from contracts with customers, falling to 51.80 million rupees from the previous year's 102.04 million rupees, marking a very large or significant move.

The consultancy's administrative and operating expenses slightly decreased from 62.10 million rupees in the previous year to 60.61 million rupees. However, there was an increase in bad and doubtful debts, totaling 8.80 million rupees compared to the prior year's 0.89 million rupees. Despite these challenges, the company reported a reversal of provision for non-performing exposures amounting to 16.94 million rupees, significantly down from 25.06 million rupees the previous year.

Operating profit saw a substantial decrease, registering at 8.14 million rupees, a stark contrast to the 64.12 million rupees recorded in the prior year. This decline was partially offset by other operating income, which reached 5.42 million rupees, down from 18.95 million rupees in the previous year. Finance costs also saw a reduction to 9.49 million rupees from 29.02 million rupees.

Profit before income tax dropped significantly to 4.07 million rupees from 54.05 million rupees in the previous fiscal year. After accounting for final and minimum tax levies, the profit before income tax settled at 4.07 million rupees, compared to last year's 44.96 million rupees. The income tax expense was recorded at 0.69 million rupees, slightly down from 0.80 million rupees in the previous year, culminating in a profit after income tax of 3.38 million rupees, compared to 44.16 million rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), the company's earnings per share reflected this downturn, with basic earnings per share at 0.07 rupees, a decrease from 0.98 rupees the previous year. The diluted earnings per share also showed a decline, recorded at 0.03 rupees from the previous year's 0.45 rupees.

In terms of cash flows, the company reported a net cash outflow from operating activities amounting to 19.40 million rupees, compared to an inflow of 7.99 million rupees in the previous fiscal year. Cash flows from investing activities also saw a net cash outflow of 13.68 million rupees, slightly more than the 12.23 million rupees outflow recorded the prior year. Financing activities resulted in a net cash outflow of 12.40 million rupees, compared to the previous year's 34.84 million rupees outflow.

Overall, the company declared a net decrease in cash and cash equivalents of 45.48 million rupees for the year, leaving cash reserves at 24.26 million rupees at the year's end, down from 69.74 million rupees at the beginning.