PCAL sales up 11%, profitability hit with Rs280m loss

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

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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