Packages Limited has reported a significant improvement in its financial performance for the nine months ended September 30, 2026, with consolidated net sales increasing by 8% and profit rising to Rs6.54 billion. The company’s latest financial results highlight improved performance across several business segments, reflecting stronger operational activity and growth in key areas.
According to the company’s third-quarter report for 2026, consolidated net sales reached Rs160.45 billion, compared with Rs149.04 billion in the corresponding period last year. The increase reflects continued business expansion and improved contributions from different segments of the group.
Operating Profit Shows Strong Improvement
One of the major highlights of the report is the improvement in operating profitability. Packages Limited recorded consolidated operating profit of Rs21.45 billion during the nine-month period, compared with Rs16.46 billion in the same period of 2025.
The improvement was mainly driven by a substantial recovery in the Paper and Board, Plastics and Corn Starch segments. Continued growth in the Pharmaceutical, Consumer Products and Real Estate businesses also contributed positively to the group’s performance.
Gross profit increased to Rs37.70 billion from Rs31.38 billion in the corresponding period last year, indicating an improvement in the group’s overall profitability.
Net Profit Rises to Rs6.54 Billion
The group recorded a consolidated profit of Rs6.54 billion for the nine months ended September 30, 2026, compared with Rs1.40 billion in the same period of 2025.
Profit before levy and income tax increased to Rs12.42 billion from Rs6.93 billion, demonstrating a substantial improvement in earnings before taxation.
Basic earnings per share attributable to the equity holders of the parent company reached Rs49.49, compared with a loss per share of Rs2.88 in the corresponding period last year.
However, the third-quarter results showed a different trend, with profit for July-September 2026 declining to Rs1.09 billion from Rs1.74 billion in the same quarter of 2025. This indicates that the strong nine-month performance was not fully reflected in the latest quarter.
Finance Costs and Other Income
Finance costs increased to Rs11.20 billion during the nine-month period, compared with Rs10.81 billion last year. The higher financing expense remains an important factor affecting the group’s profitability.
The company also reported investment income of Rs1.71 billion, compared with Rs923.54 million in the corresponding period of 2025. This increase was mainly associated with higher dividend income from its investment in Nestlé Pakistan Limited.
Additionally, other income included a one-time net gain of Rs1.23 billion related to a settlement arrangement concerning the Sindh Infrastructure Development Cess (SIDC).
Packages Limited’s Standalone Performance
Apart from its consolidated results, Packages Limited’s standalone earnings also improved. The parent company reported profit of Rs2.53 billion for the nine months, compared with Rs2.37 billion in the corresponding period of 2025.
Dividend income increased to Rs5.04 billion from Rs3.82 billion, mainly due to higher dividends received from Hoechst Pakistan Limited and Nestlé Pakistan Limited. Basic earnings per share also improved to Rs28.31 from Rs26.48.
Future Business Outlook
Packages Limited remains focused on strengthening its subsidiaries, improving capital structures and exploring strategic growth and diversification opportunities.
The group operates across several sectors, including packaging materials, paper and board, plastics, pharmaceuticals, consumer products, insurance, power generation and real estate. Its diversified business portfolio provides opportunities to benefit from growth across different industries.
As the company marks seven decades of operations, its continued emphasis on operational efficiency, financial discipline and long-term value creation remains central to its business strategy.
Conclusion
Packages Limited’s nine-month financial results for 2026 demonstrate a notable recovery in profitability, supported by higher sales, improved operating performance and stronger contributions from several business segments. Although rising finance costs and weaker third-quarter earnings remain areas to monitor, the overall improvement in year-to-date results represents a positive development for the group.
Investors will be watching the company’s upcoming financial results to assess whether this earnings momentum can be sustained in the remaining months of the year.
