PIBTL swings to Rs616.5m profit in 9M2025

October 22, 2025 (MLN): Pakistan International Bulk Terminal Limited (PSX: PIBTL) has reported its financial results for the nine months ended September 30, 2025, posting a net profit of Rs616.52m, a remarkable turnaround from a net loss of Rs297.89m in the same period last year (SPLY).

The earnings per share (EPS) stood at Rs0.35, compared to a loss per share of Rs0.17 in SPLY.

The company's revenue from contracts with customers surged 71.57% to Rs3.98bn, up from Rs2.32bn last year, showing strong operational performance and increased business volumes at the bulk terminal facility.

The cost of services increased by 37.74% to Rs2.69bn from Rs1.96bn, growing at a slower pace than revenue.

This favorable cost management resulted in gross profit skyrocketing by 253.87% to Rs1.29bn, compared to Rs363.18m in SPLY, demonstrating significantly improved operational efficiency and margin expansion.

Administrative and general expenses rose 40.74% to Rs339.89m from Rs241.49m, reflecting inflationary pressures and business expansion costs. Other income declined sharply by 66.23% to Rs8.62m from Rs25.53m last year, indicating reduced non-operational gains.

Finance costs decreased substantially by 33.16% to Rs289.14m from Rs432.56m, suggesting improved debt management and potentially lower interest rates or reduced borrowing levels.

Exchange gains improved by 56.66% to Rs18.58m from Rs11.86m, benefiting from favorable foreign currency movements.

As a result, the company's profit before revenue taxes and income taxes reached Rs683.34m, a significant improvement from a loss of Rs273.49m a year earlier.

Notably, revenue taxes were eliminated in the current period compared to Rs29.03m last year, further supporting profitability.

The company recorded a taxation charge of Rs66.82m for the nine-month period, compared to a tax credit of Rs4.63m in SPLY, reflecting the shift to profitability.

After accounting for taxation, the net profit settled at Rs616.52m, with total comprehensive income also standing at Rs616.52m.

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