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Pullman told The Daily Telegraph that a film based on second book The Subtle Knife is unlikely to make it to the screen for its intended 2009 release date.
He said: "I think people were hoping it would be out then but without the film actually having a production start date there can't be a due date."
However, Pullman revealed that studio New Line has begun work on a sequel.
"People are talking about it," he said. "I think there might be a script. People are very busy. When there's a development I will hear about it."
He suggested that accusations from religious groups that The Golden Compass was anti-Catholic may have dented the film's box office.
"I've no doubt to say it did influence a number of people not to go to see it," he said.
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