Pakistan Aluminium Beverages Cans Limited (PABC) reported a significant decline in profitability for the six months ended June 30, 2026, as lower sales weighed on the company’s financial performance.
According to the financial results submitted to the Pakistan Stock Exchange, the company recorded net sales of Rs7.59 billion during the first half of 2026, compared with Rs13.55 billion in the corresponding period of 2025. This represents a decline of around 44% year-on-year.
The reduction in revenue was reflected in gross profit, which fell to Rs2.95 billion from Rs4.73 billion a year earlier, down approximately 37%. Selling and distribution expenses stood at Rs259.05 million, while administrative expenses were reported at Rs323.04 million.
Despite the weaker top line, PABC remained profitable at the operating level. Operating profit declined to Rs2.10 billion, compared with Rs3.27 billion in the same period last year. Other income contributed approximately Rs1.10 billion during the six-month period.
The company reported profit before tax of Rs2.87 billion, down from Rs3.92 billion in the first half of 2025. After taxation of approximately Rs11.33 million, profit for the period stood at Rs2.85 billion, compared with Rs3.89 billion a year earlier, marking a decline of around 27%.
Earnings per share also decreased to Rs7.91, from Rs10.78 in the corresponding period of 2025.
Second-quarter performance
The company’s quarterly figures also showed pressure on revenue and earnings. Net sales for the quarter ended June 30, 2026, were approximately Rs3.81 billion, compared with Rs8.89 billion in the same quarter last year.
Quarterly gross profit stood at Rs1.58 billion, while operating profit was approximately Rs1.14 billion. Profit before tax amounted to around Rs1.48 billion, and profit after tax was reported at Rs1.47 billion, compared with Rs2.61 billion in the corresponding quarter of 2025.
The financial statements also show that PABC generated approximately Rs2.03 billion in net cash from operating activities during the six months, compared with Rs1.00 billion in the same period last year. Cash and cash equivalents stood at approximately Rs2.13 billion at June 30, 2026.
The board did not recommend any cash dividend, bonus shares, right shares or other corporate action in connection with the six-month results.
Overall, PABC’s first-half results reflect a challenging period for revenue, with sales falling sharply and profit declining by more than a quarter. However, the company continued to maintain strong profitability and generated positive operating cash flow during the period.
