PIBTL Returns to Profit in FY26
Pakistan International Bulk Terminal Limited swung back into the black in the year ended June 30, 2026, posting a net profit of Rs3.37 billion against a loss of Rs257.93 million a year earlier.
Earnings per share came in at Rs1.89, compared with a loss of Rs0.14 in FY25. The board, meeting on Monday, recommended no cash dividend, bonus or right shares.
Revenue Climbs on Higher Coal Throughput
Net revenue from contracts rose 64 percent to Rs16.39 billion from Rs9.97 billion. Gross profit more than doubled to Rs5.45 billion, lifting the gross margin to about 33 percent from nearly 21 percent.
The recovery followed a weak FY25 marked by lower seaborne coal volumes and a fire that disrupted terminal operations at Port Qasim. Demand improved as cement producers leaned more on imported coal after disruptions to Afghan border supplies.
Fourth-quarter sales reached about Rs4.69 billion, up 86 percent year-on-year and 34 percent from the preceding quarter. Quarterly profit after tax was around Rs1.27 billion, or Rs0.71 a share.
Costs Ease as Debt Is Paid Down
Finance cost fell 43 percent to Rs717 million from Rs1.26 billion as the company repaid long-term loans. Other income almost doubled to Rs874 million. Administrative expenses rose 27 percent to Rs1.44 billion.
Profit before tax stood at Rs4.19 billion. Income tax of Rs822 million left the company with the Rs3.37 billion bottom line. Total comprehensive income was Rs3.37 billion.
Balance Sheet Strengthens After Turnaround
Shareholders’ equity increased to Rs18.84 billion from Rs15.46 billion. Accumulated losses of Rs2.41 billion flipped into an accumulated profit of Rs963 million.
Cash and bank balances rose to Rs1.28 billion from Rs469 million. Long-term financing declined, while current maturity of that debt also dropped after repayments of Rs3.38 billion during the year.
Operating cash generation improved to Rs4.69 billion. Capital spending on property, plant and equipment was Rs800 million.
PIBTL Outlook Remains Linked to Coal and Mineral Cargo
PIBTL operates a dedicated coal, clinker and cement terminal at Port Qasim. Earnings remain tied to industrial coal imports, domestic Thar coal substitution and the pace of any future mineral-export cargo.