Century Paper & Board Mills Limited (CPBM) has significantly improved its financial performance during the fiscal year ended June 30, 2026, although the company remained in the red for the year.
According to the company’s financial results approved by its Board of Directors on August 12, 2026, Century Paper recorded a net loss of Rs58.3 million, compared with a loss of Rs345.4 million in the previous financial year. The loss per share also improved to Rs0.15, from Rs0.86 in FY2025.
Revenue and operating performance improve
The company’s net turnover increased to Rs38.70 billion in FY2026, up from Rs37.28 billion a year earlier. Gross profit, however, declined slightly to Rs2.55 billion, compared with Rs2.66 billion in FY2025.
Despite the lower gross profit, Century Paper’s operating performance strengthened. Operating profit rose to Rs1.74 billion, compared with Rs1.68 billion in the preceding year.
One of the key improvements came from lower finance costs. Finance costs fell to Rs1.22 billion from Rs1.65 billion in FY2025, helping the company move from a pre-tax loss of Rs409.6 million last year to a pre-tax profit of Rs133.8 million in FY2026.
Loss reduced substantially
After accounting for taxation of Rs192.1 million, Century Paper reported a loss of Rs58.3 million for FY2026.
While the company has yet to return to profitability, the sharp reduction in its annual loss represents a notable improvement compared with FY2025. The results indicate that stronger turnover, improved operating profit and reduced financing costs helped ease pressure on the bottom line.
Balance sheet and cash position
As of June 30, 2026, Century Paper reported total assets of approximately Rs33.25 billion, compared with Rs29.90 billion at the end of FY2025. The company’s equity stood at around Rs13.37 billion, while total liabilities were approximately Rs19.88 billion.
The company continued to invest in its operations, with Rs716.9 million spent on property, plant and equipment during the year.
Cash flow remained an area of pressure. Net cash used in operating activities stood at Rs940.3 million, while net cash used in investing activities amounted to Rs669.6 million. Financing activities generated net cash of Rs333.7 million, resulting in a net decrease in cash and cash equivalents of approximately Rs1.28 billion during the year.
No dividend announced
The company has declared no cash dividend or bonus shares for the year ended June 30, 2026.
Century Paper has also scheduled its Annual General Meeting for October 26, 2026, at 3:00 p.m. in Karachi. The company said its share transfer books will remain closed from October 19 to October 26, 2026.
Overall, Century Paper’s FY2026 results show a company moving closer to recovery. Although profitability remains elusive, the substantial reduction in annual losses, higher turnover and lower finance costs provide a more encouraging picture than the previous year.
