PCAL sales up 11%, profitability hit with Rs280m loss

MG News | August 20, 2025 at 01:12 PM GMT+05:00

0:00

August 20, 2025 (MLN): Pakistan Cables Limited (PSX: PCAL) reported a loss after tax of Rs280.60 million (LPS: Rs5.15) for the year ended June 30, 2025, compared to a profit of Rs208.86m (EPS: Rs3.84) in the previous year.

The company’s revenue increased by 11.2% to Rs29.09 billion from Rs26.17bn in FY24. However, the cost of sales also surged by 14.3%, outpacing revenue growth.

As a result, gross profit fell by 10.0% to Rs3.03bn.

Marketing, selling, and distribution costs decreased slightly by 2.3% to Rs973.7m, while administrative expenses rose marginally by 1.4% to Rs372.8m. The company also booked an impairment reversal of Rs8.05m on trade debts, compared to a charge of Rs52.03m last year.

Despite these adjustments, the company posted an operating loss of Rs1.34bn, widening by 5.5% from last year’s Rs1.41bn.

Finance costs increased by 40.0% to Rs2.43bn, while other operating charges also rose sharply by 37.7% to Rs2.45bn. On the positive side, other income jumped by 147.9% to Rs350.8m.

The company recorded a loss before levies and income tax of Rs367.6m, compared to a profit of Rs308.4m in the prior year. After accounting for minimum tax levies of Rs19.85m, the loss before income tax widened to Rs387.5m.

The company also recorded a deferred tax credit of Rs106.9m.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025 (Rs.000)
Description	FY25	FY24	change%
Revenue from contracts with customers	29,088,373	26,167,037	11.2%
Cost of sales	(26,062,253)	(22,803,640)	14.3%
Gross Profit	3,026,120	3,363,397	-10.0%
Marketing, selling and distribution costs	(973,688)	(997,014)	-2.3%
Administrative expenses	(372,825)	(367,607)	1.4%
Impairment reversal / (loss) on trade debts	8,050	(52,034)
Operating Loss	(1,338,463)	(1,416,655)	-5.5%
Finance cost	(2,432,248)	(1,737,453)	40.0%
Other expenses	(18,736)	(42,355)	-55.8%
Other Operating Charges	(2,450,984)	(1,779,808)	37.7%
Other income	350,775	141,493	147.9%
Share of profit from associate (equity method)	44,921	–
(Loss) / Profit Before Levies and Income Tax	(367,631)	308,427
Levies – Minimum tax	(19,854)	(17,394)	14.1%
(Loss) / Profit Before Income Tax	(387,485)	291,033
Income tax credit / (expense)	106,884	(82,175)
(Loss) / Profit After Tax for the Year	(280,601)	208,858
(Loss) / Earnings per share – basic and diluted	(5.15)	3.84

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