Pakistan International Container Terminal Limited (PICT) has reported a solid start to FY2026, posting a double-digit increase in quarterly earnings for the period ended March 31, 2026, supported by lower operating costs and stable income streams.
According to the financial results approved by the company’s Board of Directors, PICT recorded a profit after tax of Rs47.72 million, compared with Rs41.82 million in the corresponding quarter of last year, reflecting a 14.1% year-on-year increase. Earnings per share (EPS) improved to Rs0.44, up from Rs0.38 in the same period last year.
The company generated revenue of Rs2.5 million, unchanged from the same quarter a year earlier. However, a significant reduction in the cost of services, which declined to Rs2.0 million from Rs5.2 million, enabled PICT to post a gross profit of Rs0.5 million, compared with a gross loss in the corresponding period of FY2025.
Administrative expenses also declined during the quarter, falling to Rs15.96 million from Rs27.23 million a year earlier. Although other income eased slightly to Rs85.69 million from Rs91.85 million, it remained the company’s primary earnings contributor. Finance costs stayed minimal at Rs49,000, allowing profit before taxation to increase to Rs70.17 million.
On the balance sheet, total assets increased to Rs3.93 billion as of March 31, 2026, compared with Rs3.88 billion at the end of December 2025. The company’s cash and bank balances stood at Rs493.82 million, while short-term investments rose to Rs2.87 billion, highlighting a strong liquidity position. Total equity also improved to Rs1.35 billion, supported by higher retained earnings.
The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the quarter.
The latest results indicate that PICT continues to maintain financial stability despite flat operating revenue, with improved cost management and investment income helping strengthen profitability during the first quarter of FY2026.
