Karachi: Security Papers Limited has released its financial results for the three-month period ending September 30, 2026, marking a notable downturn in its financial performance compared to the same period in the previous year. The report, dated October 29, 2026, reveals key figures that highlight the company's current challenges.

The revenue from contracts with customers for the quarter was reported at 731.64 million rupees, a very large or significant move down from the 1.84 billion rupees recorded in the same period last year. This substantial decrease in revenue has contributed to a gross loss of 54.50 million rupees, a stark contrast to the gross profit of 474.20 million rupees reported in the corresponding quarter of 2025.

The company incurred administrative expenses amounting to 137.52 million rupees, slightly up from the 135.28 million rupees recorded in the previous year. Other income for the period stood at 165.50 million rupees, a decrease from the 178.92 million rupees reported last year, while other expenses significantly decreased to 2.90 million rupees from 38.22 million rupees.

Finance costs fell to 0.44 million rupees from 1.20 million rupees in the previous year, aiding in partially offsetting the losses. Before taxation, the company reported a loss of 29.86 million rupees, a sharp decline from the profit of 478.42 million rupees in the previous year.

Taxation adjustments further impacted the results. Current taxation was nil, compared to 231.56 million rupees last year, while deferred taxation provided a relief of 17.94 million rupees, down from 41.63 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the loss after taxation was 11.92 million rupees, compared to a profit of 288.48 million rupees recorded in the previous year's corresponding period. The company's earnings per share, both basic and diluted, reflected a loss of 0.20 rupees, contrasting sharply with the earnings of 4.87 rupees per share last year.

These financial results place Security Papers Limited in a challenging position as it navigates through significant financial headwinds affecting its market performance.