LEUL Leather Up Limited
Latest results: FY2025 · Jun 2025 Q4 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 70.56 +1.32%
Financials
Leather Up Limited (LEUL) financials
10 years of annual results (FY2016 – FY2025), 28 quarters.
Leather Up Limited (LEUL) reported revenue of Rs 12.1 mn for FY2025 (Jul 2024 – Jun 2025), down 56.1% from FY2024.
It made a loss of Rs 4.5 mn attributable to shareholders (EPS Rs -0.75), a net margin of -37.3%.
No cash dividend was declared for FY2025.
The balance sheet showed net cash of Rs 1.9 mn.
Return on equity was -25.0%.
Over the last five years revenue grew at a compound -15.1% a year.
At Rs 70.56 (close on 16 Oct 2026) the shares trade at 37.72× book value.
Fundamentals
LEUL at a glance
Revenue · FY2025
Rs 12.1 mn
▼ 56.1% year on year
Profit attributable to shareholders · FY2025
-Rs 4.5 mn
▼ 1,501.6% year on year
EPS – basic (Rs) · FY2025
Rs -0.75
▼ 1,499.0% year on year
Dividend per share (Rs) · FY2025
Rs 0.00
Net margin · FY2025
-37.3%
-38.5 pts year on year
Debt to equity · FY2025
0.2%
-0.2 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 12.1 mn
- Profit attributable · FY2025
- -Rs 4.5 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 21.9 mn
- Equity · FY2025
- Rs 15.9 mn
Financial highlights
LEUL financial results
| Rs mn | FY2025 * Jul 2024 – Jun 2025 | FY2024 * Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 |
|---|---|---|---|---|---|
| Revenue | 12.1 | 27.5 | 27.2 | 27.0 | 17.0 |
| Gross profit | 1.2 | 6.3 | 1.5 | 6.0 | 0.0 |
| Operating profit | (5.0) | (0.1) | (6.5) | (2.7) | (8.3) |
| Profit after tax | (4.5) | 0.3 | (3.3) | (14.5) | (58.7) |
| Profit attributable to shareholders | (4.5) | 0.3 | (3.3) | (14.5) | (58.7) |
| EPS – basic (Rs) Rs | (0.75) | 0.05 | (0.55) | (2.41) | (9.78) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 21.9 | 28.5 | 44.2 | 43.0 | 47.5 |
| Total equity | 15.9 | 20.3 | 19.8 | 22.8 | 37.9 |
| Total debt | 0.0 | 0.1 | 0.0 | 3.2 | 0.4 |
| Net cash from operating activities | 0.6 | (1.4) | 2.9 | (0.6) | (0.2) |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (operating cash flow − capex) | — | — | — | — | — |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | 2.8 | 0.0 | 25.5 | 0.4 | 5.5 | 2.2 | 4.0 |
| Gross profit | — | — | 0.3 | 0.0 | 3.6 | (0.1) | 1.3 | (0.8) | 0.8 |
| Operating profit | (3.4) | (3.7) | (0.4) | (0.3) | 1.1 | (2.8) | 0.3 | (2.2) | (0.4) |
| Profit after tax | (3.8) | (3.8) | (0.4) | (0.3) | 0.8 | (2.9) | 0.6 | (2.1) | (0.1) |
| Profit attributable to shareholders | (3.8) | (3.8) | (0.4) | (0.3) | 0.8 | (2.9) | 0.6 | (2.1) | (0.1) |
| EPS – basic (Rs) Rs | (0.63) | (0.63) | (0.07) | (0.06) | 0.14 | (0.48) | 0.10 | (0.35) | (0.02) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 23.3 | 23.3 | 24.1 | 38.3 | 43.6 | 21.9 | 23.5 | 23.7 | 26.5 |
| Total equity | 11.2 | 11.2 | 14.9 | 15.4 | 16.7 | 15.9 | 18.6 | 18.0 | 20.1 |
| Total debt | 1.3 | 1.3 | 0.2 | 0.2 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 |
| Net cash from operating activities | (0.8) | (0.4) | (13.5) | 13.6 | (0.5) | (0.4) | 0.3 | 1.2 | (0.5) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. * Some FY2025 figures do not fully reconcile in the source data. Updated 16 Oct 2026.