Gammon Pakistan Limited: performance and outlook

Business Recorder reported that Gammon Pakistan Limited (GAMON) recorded no contract revenue in the nine months of the current fiscal year, its third consecutive year without a newly secured project. The company narrowed its loss to Rs0.633 million, down 92.18 percent year-on-year, with loss per share of Rs0.02 compared with Rs0.29 a year earlier.

Operating profit came to Rs5.13 million in the period, compared with an operating loss of Rs2.98 million in 9MFY25. Other income rose 60.40 percent to Rs43.34 million, largely from better rental income after the company renovated its building in 2025, while operating and other expenses climbed 26.10 percent. Higher tax charges, however, pushed the bottom line back into the red despite a pre-tax profit.

In 2025 the company posted a net loss of Rs63.805 million, or Rs2.26 per share, and sold its Hyderabad plots for Rs155 million to settle liabilities. Its outlook remains constrained by liquidity pressures, including tax refunds and receivables from the government, and a lack of working capital that has kept it out of government tenders. Gammon is shifting toward real estate and precast housing, and it is building a warehouse for Ghandhara Tyre & Rubber Company Limited (GTYR).