Nimir Resins sees drop in yearly profits

September 04, 2025 (MLN): Nimir Resins Limited (PSX: NRSL) reported its audited financial results for the year ended June 30, 2025, posting a net profit of Rs249.47 million, down 7.73% from Rs270.38m recorded in the previous year.

The company’s earnings per share (EPS) stood at Rs1.77, compared to Rs1.91 in FY2024, reflecting a 7.33% decline.

NRSL’s revenue from sales grew 7.81% to Rs10.97 billion, against Rs10.18bn last year.

After accounting for sales tax of Rs1.71bn, net sales registered a growth of 7.85%, reaching Rs9.26bn from Rs8.58bn.

However, the cost of sales rose 12.18% to Rs8.32bn, which squeezed profitability.

As a result, gross profit fell 19.74%, amounting to Rs935.24m compared to Rs1.17bn in FY2024.

Distribution costs increased marginally by 2% to Rs139.41m, while administrative expenses declined 6.31% to Rs132.15m.

Overall, operating expenses dropped slightly by 2.22%.

Operating profit decreased by 25.22%, coming in at Rs663.68m versus Rs887.49m in the prior year.

Other operating expenses jumped sharply by 85.38% to Rs98.99m, while finance costs declined 27.08% to Rs324.46m.

Meanwhile, other income doubled, rising 100.3% to Rs92.54m.

Profit before income tax and levies dropped 23.46% to Rs332.7m.

After accounting for levies of Rs41.2m, profit before tax stood at Rs291.58m, down 32.94% from last year.

Income tax charges decreased significantly by 74.39% to Rs42.11m, compared to Rs164.42m in FY2024, partially cushioning the fall in bottom-line earnings.

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