General Meetings / Briefing Sessions for FY 2025

Key takeaways

• Consolidated revenue for FY2025 stood at PKR 25,709 million compared to PKR 239,652 million in FY2024, significantly affected by the classification of PIACL as held for sale / discontinued operations.
• Consolidated gross profit for FY2025 was recorded at PKR 16,390 million versus PKR 51,736 million in the previous year.
• Consolidated profit from continuing operations was PKR 17,359 million for FY2025 compared to PKR 19,975 million in FY2024.
• Gain from discontinued operations was reported at PKR 18,448 million in FY2025, swinging from a loss of PKR 525 million in FY2024.
• Consolidated net loss for FY2025 expanded to PKR 25,391 million from a net loss of PKR 14,426 million in FY2024, resulting in a loss per share of (4.85) / (2.43).
• Consolidated total assets stood at PKR 437,663 million as at 31 December 2025, with total equity and liabilities matching the same amount and reflecting a net equity deficit of PKR (576,893) million.
• PIAHCL standalone total income for FY2025 rose to PKR 18,830 million from PKR 1,768 million in FY2024.
• Standalone net loss for the year narrowed by approximately 31% year-on-year to PKR 32,810 million from PKR 47,540 million, yielding a loss per share of (6.27) / (3.13).
• Precision Engineering Complex (PEC) was divested during the year for a consideration of approximately PKR 2.5 billion against net liabilities of a similar amount, generating a net gain of PKR 4.67 billion.
• Standalone liabilities experienced a write-back of PKR 16.52 billion, comprising PKR 0.56 billion of trade and other payables and PKR 15.96 billion relating to adjustments of accrued markup on the GoP loan.
• Long-term financing increased by approximately PKR 33.4 billion during the year through additional GoP loan releases, bringing total long-term financing to PKR 411.43 billion.
• Standalone bank balances improved to PKR 6.25 million as at 31 December 2025 compared to PKR 2,240 million in FY2024.
• Principal business risks highlighted include dependence on Government of Pakistan financial support, claims and litigation exposure including Pakistan Airport Authority claims of PKR 280,480 million, and a heavy long-term financing burden creating negative equity.