Presentation of Corporate Briefing Session

Key takeaways

• Revenue for FY 2026 increased by 16% to Rs 15,093 million compared to Rs 13,014 million in FY 2025, driven by higher sales quantities and prices across both Bags Manufacturing and Flexible Packaging divisions.
• Gross profit for FY 2026 surged 84% to Rs 1,879 million, bringing the gross profit margin to 12.45% from 7.85% in the preceding year.
• Profit after tax for FY 2026 grew 83% year-on-year to reach Rs 651 million compared to Rs 356 million in FY 2025.
• Earnings per share (EPS) for FY 2026 stood at Rs 13.26 compared to Rs 7.26 in FY 2025.
• Finance cost decreased by 17% to Rs 384 million in FY 2026 from Rs 463 million due to lower discount rates.
• Capitalization during FY 2026 reached Rs 2.56 billion, mainly comprising the Barrier Film Extrusion Line and the 2.7 MW Solar Project.
• Stock-in-trade increased to Rs 4,573 million from Rs 3,046 million due to higher raw material prices and late-year arrivals amid supply chain disruptions from the US-Iran conflict.
• Long-term financing increased by 45.30% to Rs 3,929 million, driven by a Rs 1.3 billion loan for the Barrier Film Extrusion Line Project and a Rs 270 million loan for the 2.7 MW Solar Project.
• Other income included a gain of Rs 189 million recognized from the discounting and re-measurement of the Sindh Infrastructure Development CESS (SIDC) liability.
• The company maintained a cash dividend payout ratio of 40% for FY 2026, compared to 30% in FY 2025.
• Flexible Packaging Division turnover reached Rs 9,309 million with a net profit of Rs 1,036 million, while Bags Manufacturing Division turnover recorded Rs 5,784 million with a net profit of Rs 586 million.
• Future outlook highlights focus on monitoring the impact of the Iran-USA war and regional situation on raw material supplies, increasing SOS and carrier bag sales, utilizing the new Barrier Film Extrusion Line, competitive procurement of raw materials, and pursuing energy cost reduction initiatives.