PIBTL swings to Rs616.5m profit in 9M2025
MG News | October 22, 2025 at 04:35 PM GMT+05:00
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.
|
STATEMENT OF PROFIT OR
LOSS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025 (Rs.000) |
|||
|
Description |
30-Sep-25 |
30-Sep-24 |
Change% |
|
Revenue from contracts
with customers - net |
3,980,142 |
2,319,769 |
71.57% |
|
Cost of services |
(2,694,982) |
(1,956,592) |
37.74% |
|
Gross profit |
1,285,160 |
363,178 |
253.87% |
|
Administrative and
general expenses |
(339,887) |
(241,494) |
40.74% |
|
Other income |
8,623 |
25,534 |
-66.23% |
|
Finance cost |
(289,135) |
(432,563) |
-33.16% |
|
Exchange Gain |
18,577 |
11,858 |
56.66% |
|
Profit / (loss) before
revenue taxes and income taxes |
683,338 |
(273,486) |
|
|
Revenue taxes |
- |
(29,032) |
|
|
Profit / (loss) before
income taxes |
683,338 |
(302,518) |
|
|
Taxation |
(66,818) |
4,628 |
|
|
Net profit / (loss) for
the period |
616,520 |
(297,891) |
|
|
Total comprehensive
income / loss for the period |
616,520 |
(297,891) |
|
|
Earning / (loss) per
ordinary share - basic and diluted |
0.35 |
(0.17) |
|
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