Pakistan International Bulk Terminal Limited (PIBT) has reported a significant improvement in its financial performance for the year ended June 30, 2026, moving from a loss in the previous year to a substantial net profit. The company disclosed its annual financial results to the Pakistan Stock Exchange on September 21, 2026.
According to the financial statements, PIBT generated revenue of Rs16.39 billion during FY2026, compared with Rs9.97 billion in FY2025. The increase in revenue was accompanied by a considerable improvement in gross profitability. Gross profit reached Rs5.45 billion, up from Rs2.06 billion a year earlier.
The company’s bottom-line performance also changed markedly. PIBT recorded a net profit of Rs3.37 billion for FY2026, compared with a net loss of Rs257.93 million in FY2025. Earnings per share improved accordingly, rising to Rs1.89 per share from a loss of Rs0.14 per share in the preceding year.
Improved Operating and Financial Performance
PIBT’s cost of services stood at Rs10.94 billion during the year, while administrative and general expenses amounted to Rs1.44 billion. The company also reported other income of Rs874.11 million. Finance costs declined to approximately Rs716.96 million, compared with Rs1.26 billion in FY2025, contributing to the improvement in profitability.
Profit before revenue and income taxes reached Rs4.19 billion, compared with just Rs43.43 million in the previous year. After income tax of Rs822.28 million, the company reported its Rs3.37 billion net profit.
Stronger Balance Sheet
PIBT’s total assets increased to Rs30.82 billion as of June 30, 2026, from Rs28.41 billion a year earlier. Property, plant and equipment remained the company’s largest non-current asset category at Rs19.57 billion.
The company’s equity position also improved significantly. Total equity and reserves increased to Rs18.84 billion, compared with Rs15.46 billion at June 30, 2025. Accumulated profit moved into positive territory at Rs963.26 million, compared with an accumulated loss of Rs2.41 billion a year earlier.
Cash Position Strengthens
The cash flow statement shows another notable improvement. PIBT generated Rs4.69 billion in net cash from operating activities, compared with Rs3.53 billion in FY2025. The company invested Rs777.98 million in investing activities, primarily reflecting additions to property, plant and equipment.
PIBT also repaid Rs3.38 billion in long-term secured financing during FY2026. Despite this repayment, cash and cash equivalents increased from Rs285.50 million at the beginning of the year to Rs819.28 million at June 30, 2026.
No Dividend or Bonus Shares Announced
In its September 21 announcement, PIBT stated that the board recommended no cash dividend, bonus shares or right shares for the period. The company also reported no other entitlement, corporate action or price-sensitive information in the announcement.
Overall, PIBT’s FY2026 results show a substantial year-on-year improvement in revenue, profitability, equity and operating cash generation. The company ended the financial year with a stronger earnings position and higher cash balance, while also making a significant repayment against its long-term secured financing.
