KSE-100 profits hit record Rs1.8tr in 2025

April 13, 2026 (MLN):  Pakistan's benchmark KSE-100 Index closed 2025 on a positive note, with aggregate profitability rising 9% year-on-year to approximately Rs1,776 billion, equivalent to around US$6.3bn emphasizing the resilience of listed companies amid a challenging macroeconomic backdrop.

The headline growth, however, masked diverging sectoral performances.

Exploration and Production (E&P) companies recorded the steepest decline in absolute terms, contracting 22% and acting as the primary drag on overall index earnings.

Stripping out E&Ps, the remaining index constituents delivered a considerably stronger 15% profit growth, pointing to robust underlying momentum across core industries. Banks, cement, technology, and automobiles emerged as the key drivers of profitability, reflecting a broad-based recovery across multiple segments of the economy.

According to data compiled and published by Topline Securities, listed companies on the PSX have sustained an impressive approximately 20% annual profit growth over the past five years on a compound basis, a remarkable achievement given the political uncertainty and economic turbulence the country navigated during that period.

The trajectory of KSE-100 earnings has been particularly striking since 2020, when aggregate profits stood at Rs722bn. By 2023, that figure had more than doubled to Rs1,626bn, and has continued to hold near record levels through 2024 and into 2025, signalling a structural improvement in corporate profitability rather than a one-off cyclical bounce.

It can be noted that the sustained earnings expansion, particularly outside the E&P sector, reflects improving operational efficiencies, favourable monetary policy tailwinds for the banking sector, and recovering domestic demand  factors that could continue to support equity market sentiment in the near term.

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