Merit Packaging registers significant loss in FY25

MG News | September 22, 2025 at 10:31 AM GMT+05:00

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September 22, 2025 (MLN): Merit Packaging Limited (PSX: MERIT) has released its financial results for the year ended June 30, 2025, showing a steep decline in performance that resulted in a substantial net loss of three times the previous year.

The company's profitability was severely impacted by a sharp contraction in revenue and rising operational costs.

According to the statement of profit or loss, the company recorded a loss for the year of Rs599.67m, a significant reversal from the loss of Rs186.36m in the previous year.

This translates to a loss per share of Rs. 3.00, compared to Rs. 0.93 in FY24, representing a 3x increase in per-share loss.

The primary driver of this downturn was a 20.4% decrease in revenue from Rs6.64bn to Rs5.28bn.

Despite a reduction in the cost of sales, the decline in revenue was so steep that it turned the gross profit of Rs458.11m in FY24 into a gross loss of Rs28.73m in FY25.

The company also faced a significant increase in administrative expenses, which rose by 44.2% to Rs214.41m.

While financial charges saw a favorable decrease of 48%, this was not enough to offset the substantial losses from operations.

The company's operating loss widened dramatically to Rs350.30m, a stark contrast to the operating profit of Rs.248.57m in the previous year.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.)
Description	FY25	FY24	change%
Revenue - net	5,280,932,621	6,638,477,368	-20.4%
Cost of sales	(5,309,665,888)	(6,180,364,067)	-14.1%
Gross (loss) / profit	(28,733,267)	458,113,301
General and administrative expenses	(214,405,073)	(148,641,398)	44.2%
Selling and distribution expenses	(123,938,498)	(96,575,398)	28.3%
Other income	27,803,856	51,089,167	-45.6%
Other operating expenses	(11,031,716)	(15,416,293)	-28.4%
Operating (loss) / profit	(350,304,697)	248,569,379
Financial charges	(183,065,358)	(351,728,400)	-48.0%
Loss before taxation and levy	(533,370,055)	(103,159,021)	417.0%
Levy	(66,297,470)	(83,203,401)	-20.3%
Loss before taxation	(599,667,525)	(186,362,422)	221.8%
Taxation	-	-
Loss for the year	(599,667,526)	(186,362,422)	221.8%
Loss per share - basic and diluted	(3.0)	(0.93)	222.6%

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