PKGS 9MCY26 profit surges over 4-fold

MG News | October 29, 2026 at 11:40 AM GMT+05:00

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October 29, 2026 (MLN): Packages Limited (PSX: PKGS) reported a 4.7x increase in its consolidated net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs6.54bn compared to Rs1.40bn in the corresponding period last year.

Reflecting the robust earnings expansion, basic earnings per share attributable to equity holders for the nine months rose to Rs49.49 (diluted EPS of Rs46.53), up from a loss per share of Rs2.88 in 9MCY25.

For the third quarter (Q3CY26) alone, net profit declined 38% to Rs1.09bn (basic EPS of Rs7.15; diluted EPS of Rs6.95) compared to Rs1.74bn (basic EPS of Rs11.68; diluted EPS of Rs11.10) recorded in Q3CY25.

The primary catalyst driving nine-month performance was an 8% expansion in top-line net revenue alongside solid gross margin improvements.

Net revenue rose to Rs160.45bn from Rs149.04bn in 9MCY25. Cost of sales and services increased 4% to Rs122.75bn from Rs117.66bn, allowing gross profit to surge 20% to Rs37.70bn compared to Rs31.38bn in the comparative period.

Consequently, the company's gross profit margin expanded to 23.49% from 21.05% in 9MCY25.

On the operational side, overheads expanded as distribution and marketing costs rose 23% to Rs10.62bn (up from Rs8.64bn) and administrative expenses grew 17% to Rs6.25bn (up from Rs5.37bn).

Net impairment loss on financial assets widened to Rs245.31m, while other expenses fell 20% to Rs1.32bn.

Strong support came from non-core operations, with other income jumping to Rs2.19bn, investment income surging 85% to Rs1.71bn, and the share of profit of associates and joint ventures expanding 29% to Rs456.03m. Operating profit climbed 33% to Rs23.62bn against Rs17.74bn in 9MCY25.

Below the operating line, finance costs rose 4% to Rs11.20bn compared to Rs10.81bn in 9MCY25.

Profit before levy and income tax surged 79% to Rs12.42bn from Rs6.93bn. After accounting for levy and income tax expenses of Rs5.88bn (up 7% from Rs5.52bn), Packages Limited securely closed the nine-month period with a consolidated net profit of Rs6.54bn.

STATEMENT OF PROFIT OR LOSS FOR NINE MONTHS ENDED SEPTEMBER 30, 2026 (Rs.000)
Description	2026	2025	change %
Net revenue	160,449,018	149,038,517	7.7%
Cost of sales and services	(122,752,736)	(117,658,796)	4.3%
Gross profit	37,696,282	31,379,721	20.1%
Administrative expenses	(6,252,537)	(5,365,314)	16.5%
Distribution and marketing costs	(10,616,077)	(8,641,433)	22.9%
Net impairment loss on financial assets	(245,313)	(57,794)	324.5%
Other expenses	(1,324,052)	(1,665,503)	-20.5%
Other income	2,194,085	811,981	170.2%
Investment income	1,712,990	923,537	85.5%
Share of net profit of associate and joint venture	456,026	352,875	29.2%
Operating profit	23,621,404	17,738,070	33.2%
Finance costs	(11,199,412)	(10,810,504)	3.6%
Profit before levy and income tax	12,421,992	6,927,566	79.3%
Levy and income tax	(5,884,914)	(5,522,924)	6.6%
Profit for the period	6,537,078	1,404,642	365.4%
Basic EPS (Rupees)	49.49	(2.88)
Diluted EPS (Rupees)	46.53	(2.88)

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