MERIT · Merit Packaging Limited
TRANSMISSION OF ANNUAL REPORT FOR THE YEAR ENDED JUNE 30, 2026
- Filed
- 6 October 2026 at 3:11 pm
- Category
- Financials
- Sentiment
- Neutral
- Impact
- High
AI executive summary
Merit Packaging Limited reported its annual financial results for the year ended June 30, 2026, posting a profit after tax of PKR 123.64 million (EPS of PKR 0.62) compared to a loss of PKR 599.67 million in the previous year. The turnaround was primarily driven by a one-time accounting gain of PKR 505 million from the disposal of its Gravure division, while core business operations faced lower revenue due to the divestment.
Key takeaways
- Revenue declined 34.12% YoY to PKR 3,426.87 million for the year ended June 30, 2026, primarily due to the disposal of the Gravure division.
- Gross performance turned positive with a gross profit of PKR 59.58 million compared to a gross loss of PKR 28.73 million in FY2025.
- Profit after tax surged to PKR 123.64 million (EPS of PKR 0.62) from a net loss of PKR 599.67 million (LPS of PKR 3.00) previously, driven largely by a one-time gain of PKR 505 million on the disposal of the Gravure unit.
- No dividend was declared for the year ended June 30, 2026, in view of the company's accumulated losses.
- Financial charges fell 47% YoY to PKR 97 million due to reduced running finance utilization and downward revisions of KIBOR.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in PKR
Reporting period
Year
- Income
- 3,426,871,319 (prior 5,280,932,621)
- Profit after tax
- 123,635,644 (prior -599,667,526)
- EPS
- 0.62 (prior -3)
- Disposed of the Gravure division to M/s Kompass Pvt. Limited for a consideration of PKR 1 billion, generating a gain of PKR 505 million.
- Constituted a Sustainability Committee chaired by Mr. Farrukh Shauket Ansari to oversee ESG strategy ahead of SECP FY 2028 compliance requirements.
- Resolved to seek shareholder approval for normal course related-party transactions for FY2026 and authorization for FY2027 transactions.
Dividend and entitlement
- Type
- None
- Notes
- The document is for the transmission of Annual Financial Statements and does not declare any cash dividend, bonus, or rights entitlement.
- #financial results
- #annual report
- #merit packaging
- #gravure disposal
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.