Gammon Pakistan Limited

Business Recorder reported that Gammon Pakistan Limited (PSX: GAMON), incorporated in 1947 and focused on civil construction such as bridges and buildings, recorded no contract income in 2024 and 2025. The company posted a net loss of Rs63.805 million in 2025, or Rs2.26 per share. Holding company Bibojee Services (Private) Limited holds 72.06 percent of the 28.266 million shares outstanding as of June 30, 2025.

During 9MFY26, the company again recorded no contract revenue, which marks a third straight year without a newly secured project. Its net loss narrowed to Rs0.633 million, a 92.18 percent fall from a year earlier, while loss per share came to Rs0.02 against Rs0.29. The firm cited tighter liquidity and an inability to secure running finance for bids on large projects.

Gammon sold Hyderabad plots for Rs155 million to clear obligations, and it now plans to move toward real estate and precast housing as a developer. It is also constructing a warehouse for Ghandhara Tyre & Rubber Company Limited (GTYR), which is expected to provide income over the long term. Government tax refunds and loans to related parties are among the receivables that add to its liquidity constraints.