Karachi: Security Leasing Corporation Limited has reported a marginal decrease in its total assets and after-tax profit for the nine-month period ending March 31, 2025. The company presented its un-audited financial statements, revealing that total assets stood at Rs.540.65 million as of March 31, 2025, compared to Rs.541.60 million as of June 30, 2024. The decline in assets marks a slight shift in the company's financial standing over the nine-month period.

Revenues for the period under review reached Rs.13.46 million, showing an increase from the Rs.5.11 million reported for the same period ending March 31, 2024. Despite the increase in revenue, the after-tax profit for the company was recorded at Rs.0.582 million, a decrease from the Rs.1.977 million achieved during the corresponding period in the previous year. The profit per share as of March 31, 2025, was Rs.0.02, down from Rs.0.05 as of March 31, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the directors have expressed optimism regarding the company's ability to address its institutional indebtedness. They anticipate achieving this by making payments to creditors based on substantial discounts, which have already been agreed upon in principle by a majority of the creditors.

The Board of Directors has indicated confidence in the potential for a positive trend in the company's financial performance in upcoming periods, contingent upon successful creditor settlements. The directors have acknowledged the support of regulatory authorities, lending institutions, and the contributions of the company's management and staff in navigating the current financial landscape.

Security Leasing Corporation Limited is categorized under the designated market category, reflecting its current market position and performance metrics. The directors remain hopeful that anticipated creditor settlements will bolster the company's financial trajectory in the future.