PCAL sales up 11%, profitability hit with Rs280m loss

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.

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