EcoPack rating upgraded to BBB+

August 11, 2025 (MLN): The Pakistan Credit Rating Agency (PACRA) has upgraded EcoPack Limited’s (PSX: ECOP) long-term entity rating to BBB+ from BBB, while maintaining the short-term rating at A2 with a stable outlook.

ECOP, one of Pakistan’s leading PET bottles and preform manufacturers, has expanded its annual capacity to 387 million bottles and 684m preforms, boosted by the addition of a new 60m bottle-capacity blowing machine.

For the first nine months of FY25, utilization stood at 76% for the blowing machine and 79% for the injection machine.

During the period, revenue surged 22% to Rs5 billion (9MFY24: Rs4.1bn), driven by higher sales volumes and improved pricing.

Gross profit more than doubled to Rs794m, while net profit reached Rs210m, reversing a net loss of Rs30m in the same period last year.

This turnaround was supported by better cost absorption, operational efficiencies, and stronger market demand from sectors including beverages, bottled water, edible oil, and pharmaceuticals.

The company’s debt-to-equity ratio improved to 45% from 47.8%, easing pressure on financial coverages.