Karachi: Pakistan Aluminium Beverage Cans Limited (PABC) reported an increase in profitability for the first quarter ended March 31, 2026, despite recording a decline in net sales during the period. The company’s board approved the quarterly financial results in its meeting held on April 30, 2026, while announcing no cash dividend, bonus shares, right shares, or any other corporate action.
According to the company’s financial statements, net sales stood at Rs3.78 billion during the quarter, down from Rs4.65 billion recorded in the corresponding period last year. However, effective cost management and lower finance costs helped the company improve its bottom line.
Gross profit was reported at Rs1.37 billion, compared with Rs1.44 billion in the same quarter of 2025. Meanwhile, selling and distribution expenses declined significantly to Rs106.2 million from Rs235.6 million, while finance costs also fell to Rs155.9 million from Rs200.7 million a year earlier.
As a result, profit before tax increased to Rs1.389 billion, up from Rs1.277 billion in the corresponding period last year. Since no tax expense was recorded during the quarter, the company posted a net profit of Rs1.389 billion, reflecting an 8.7% year-on-year increase compared with Rs1.277 billion in the same period of 2025.
Earnings per share (EPS) improved to Rs3.85, compared with Rs3.54 in the corresponding quarter last year, indicating stronger returns for shareholders despite softer revenue.
The company’s financial position also remained solid. Total equity increased to Rs23.34 billion as of March 31, 2026, from Rs21.96 billion at the end of December 2025, supported by retained earnings. Cash and bank balances also improved to Rs4.10 billion, reflecting healthy liquidity during the quarter.
The Board of Directors did not recommend any interim cash dividend, bonus issue, or rights shares, opting instead to retain earnings to support the company’s financial position and future growth initiatives.
