Grays Leasing Limited Corporate Briefing Presentation FY 2026

Key takeaways

• Income from lease operations declined by 12.3% year-on-year to Rs. 19.85 million for the financial year ended June 30, 2026, compared with Rs. 22.63 million in FY 2025.
• Profit before taxation decreased to Rs. 2.47 million in FY 2026 from Rs. 6.04 million in the preceding year.
• The company reported a net loss after taxation of Rs. 1.41 million for FY 2026, compared with a profit after taxation of Rs. 5.55 million in FY 2025, resulting in an EPS of Rs. -0.066.
• Total assets stood at Rs. 286.47 million as at June 30, 2026, reflecting a 9.7% decrease compared to Rs. 317.34 million as at June 30, 2025.
• Net investment in lease finance decreased by 8.7% to Rs. 281.94 million in FY 2026 from Rs. 308.70 million in FY 2025.
• Cash and bank balances dropped significantly by 60.7% to Rs. 2.66 million at the end of FY 2026 compared to Rs. 6.78 million in the previous year.
• Total liabilities decreased by 12.2% to Rs. 211.50 million as at June 30, 2026, down from Rs. 240.76 million in FY 2025.
• Shareholders equity and net assets both reduced by 2.1% to Rs. 74.96 million as at June 30, 2026, compared to Rs. 76.58 million in FY 2025.
• The attachment of company bank accounts by the Federal Board of Revenue resulted in the withdrawal or adjustment of funds amounting to approximately Rs. 1.856 million, adversely impacting the financial position and profit after tax.
• Net cash used in operating activities stood at Rs. 1.32 million, while investing activities generated Rs. 26.91 million and financing activities resulted in a net cash outflow of Rs. 29.71 million for FY 2026.
• Management noted that the decline in new leasing business was primarily driven by rising vehicle prices, increased financing costs, and statutory restrictions on the value of leased vehicles under prevailing tax laws.
• A key strategic priority includes developing a roadmap for a phased transition from conventional operations to a fully Shariah-compliant entity, subject to Board approval and regulatory requirements, with external professional advisers currently assisting the process.