Apr 29, 2026, 9:13 AM
FNEL reports quarterly loss for period ended 31-Mar-2026 despite strong nine-month gains driven by investment revaluation
Financial ResultFirst National Equities Limited announced unaudited financial results for the quarter ended 31-Mar-2026. Using the three-month columns as required by the DPS title, the company posted a net loss of PKR 17.0 million versus a loss of PKR 33.5 million in the same quarter last year, with gross loss of PKR 4.2 million and EPS of PKR (0.01). The balance sheet shows cash and cash equivalents of PKR 6.1 million and long-term financing of PKR 169.7 million as at 31-Mar-2026.
Key Findings
- Quarterly net loss narrowed to PKR 17.0 million from PKR 33.5 million year-on-year.
- Quarterly gross result remained negative at PKR 4.2 million loss versus PKR 2.9 million loss last year.
- Quarterly revenue was PKR 3.57 million; prior-year quarter revenue was not visible in the selected column pair.
- Basic and diluted EPS remained PKR (0.01) for the quarter.
- Cash and cash equivalents declined to PKR 6.05 million as at 31-Mar-2026 from PKR 9.23 million at 30-Jun-2025.
Financial Performance
| Metric | PreviousMarch 31, 2025 (Unaudited) | CurrentMarch 31, 2026 (Unaudited) | Change |
|---|---|---|---|
| Revenue - net | - | 3,573,338 | - |
| Gross profit / (loss) | (2,858,475) | (4,212,957) | -47.4% |
| Profit / (loss) after tax | (33,540,763) | (17,022,872) | +49.2% |
| Earnings per share - basic and diluted | (0.01) | (0.01) | 0% |
| Finance cost | - | (375) | - |
| Cash and cash equivalents | 9,226,231 | 6,051,215 | -34.4% |
| Long-term financing | 199,948,756 | 169,739,092 | -15.1% |
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.