Avanceon Limited reported a significant net loss of Rs 1.09 billion for the nine months ended September 30, 2026
Filed as: Financial Results for the Quarter Ended 30 September 2026
Summary
Avanceon Limited reported a significant net loss of Rs 1.09 billion for the nine months ended September 30, 2026, compared to a net loss of Rs 149 million in the prior period. Revenues increased to Rs 11.87 billion, but the company faced severe profitability challenges.
Read the original filingFigures in the filing
| Item | This period | Period before | Change |
|---|---|---|---|
| Net Profit | PKR -1.09 billion | PKR -149 million | -627.7% |
| Revenues | PKR 11.87 billion | PKR 7.40 billion | +60.3% |
| Gross Profit | PKR 2.25 billion | PKR 1.98 billion | +13.8% |
| Profit from Operations | PKR -560 million | PKR 210 million | -366.9% |
| Finance Costs | PKR 436 million | PKR 351 million | +24.4% |
| Cash and Cash Equivalents | PKR 1.62 billion | PKR 1.09 billion | +49.5% |
Amounts are in Pakistani rupees as stated in the filing (M = million, B = billion).
What the filing says
- The company reported a net loss of Rs 1.09 billion, a substantial increase from the Rs 149 million loss in the prior period.
- Revenues increased by 60.31% to Rs 11.87 billion from Rs 7.40 billion in the prior period.
- Gross profit rose to Rs 2.25 billion, but the company faced a loss from operations of Rs 560 million due to high administrative and selling expenses.
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Source: Avanceon Limited's filing with the Pakistan Stock Exchange. The summary and figures on this page are extracted from the filing by software and can contain errors; the filing itself is the record. This page describes the filing. It is not investment advice and Nafa does not recommend any stock. Investing in securities involves risk, including possible loss of principal.