Nimir Resins sees drop in yearly profits

MG News | September 04, 2025 at 10:11 AM GMT+05:00

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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.

Statement of Profit and Loss for the Year Ended June 30, 2025
Particulars	Jun-25	Jun-24	%Change
Sales	10,970,690,908	10,176,208,632	7.81%
Less: Sales tax	(1,711,877,390)	(1,591,464,457)	7.57%
Net sales	9,258,813,518	8,584,744,175	7.85%
Cost of sales	(8,323,574,726)	(7,419,530,838)	12.18%
Gross Profit	935,238,792	1,165,213,337	-19.74%
Distribution cost	(139,412,513)	(136,684,171)	2.00%
Administrative expenses	(132,145,806)	(141,039,348)	-6.31%
	(271,558,319)	(277,723,519)	-2.22%
Operating Profit	663,680,473	887,489,818	-25.22%
Other operating expenses	(98,991,963)	(53,399,796)	85.38%
Finance cost	(324,455,997)	(444,958,433)	-27.08%
Other income	92,542,964	46,201,331	100.30%
Profit before Income Tax and Levies	332,775,477	434,792,920	-23.46%
Levies	(41,197,452)	-
Profit before Income Tax	291,578,025	434,792,920	-32.94%
Income tax	(42,105,987)	(164,417,304)	-74.39%
Net Profit for the Year	249,472,038	270,375,616	-7.73%
Earnings per share - Basic and Diluted	1.77	1.91	-7.33%

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