PIBTL swings to loss in FY25

MG News | September 15, 2025 at 05:47 PM GMT+05:00

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September 15, 2025 (MLN): Pakistan International Bulk Terminal Limited (PSX: PIBTL) has shared its financial results for the year ended June 30, 2025, revealing a significant reversal in profitability, with the company swinging from a profit to a loss.

The company's net result for the year was a loss of Rs257.93m, a stark contrast to the profit of Rs1.76bn reported in FY24.

This decline was primarily driven by a sharp contraction in revenue from contracts with customers, which dropped by 28.0% to Rs9.97bn, from Rs13.85bn in the previous fiscal year.

This resulted in a gross profit of Rs2.06bn, which was 59.2% lower than the Rs5.05bn recorded in FY24. Despite a 72.7% increase in other income, the growth was not enough to offset the decline.

The company's (loss) before income tax stood at Rs81.41m, a drastic drop from the Rs2.54bn profit reported in the previous year.

Consequently, the company’s earnings per share (EPS) for the year stood at a negative Rs0.14, representing a complete reversal from the positive Rs0.99 reported in the previous year.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025(Rs.000)
Particulars	2025	2024	Change%
Revenue from contracts with customers - net	9,969,183	13,852,284	-28.0%
Cost of services	(7,909,939)	(8,803,832)	-10.2%
Gross profit	2,059,244	5,048,452	-59.2%
Administrative and general expenses	(1,132,507)	(977,374)	15.9%
Other income	447,972	259,417	72.7%
Finance cost	(1,256,971)	(1,965,565)	-36.1%
Exchange (loss) / gain	(74,307)	172,603
Profit before revenue taxes and income taxes	43,431	2,537,533	-98.3%
Revenue taxes	(124,841)	-
(Loss) / profit before income taxes	(81,410)	2,537,533
Taxation	(176,520)	(772,546)	-77.2%
Net (loss) / profit for the year	(257,930)	1,764,987
Earning per share	(0.14)	0.99

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