Karachi: Pakistan International Bulk Terminal Limited (PIBTL) announced a significant financial turnaround for the fiscal year ending June 30, 2026, as reflected in its latest financial report released on September 21, 2026. The company, which falls under the designated market category of transportation and logistics, reported a net profit of 3.37 billion rupees, a stark contrast to the loss of 228.99 million rupees in the previous year.

According to the report, revenue from contracts with customers increased to 16.39 billion rupees, marking a very large or significant move from the 9.97 billion rupees reported in the prior year. The substantial growth in revenue underscores the company's improved operational efficiency and market positioning over the past year.

Cost of services for the year was recorded at 10.94 billion rupees, up from 7.91 billion rupees in the previous year. Despite the increase, the company's gross profit rose to 5.45 billion rupees, a significant improvement compared to 2.06 billion rupees in 2025. This positive trajectory in gross profit highlights the company's ability to manage operational costs effectively while expanding its revenue base.

Administrative and general expenses were documented at 1.44 billion rupees, reflecting a moderate increase from 1.13 billion rupees in the previous fiscal year. Additionally, other income experienced a substantial rise, reaching 874.11 million rupees from 447.97 million rupees, further contributing to the overall profitability.

Finance costs reduced significantly to 716.96 million rupees from 1.26 billion rupees, indicating improved financial management. Furthermore, the company reported an exchange gain of 23.12 million rupees, reversing the loss of 74.31 million rupees recorded the year before.

According to information available from the Pakistan Stock Exchange (PSX), PIBTL's earnings per ordinary share for the year stood at 1.89 rupees, a big move from the loss of 0.14 rupees per share recorded in 2025.

The Board of Directors, in their meeting, decided against recommending any cash dividends, bonus shares, right shares, or any other entitlements for the period. The annual report for the year ended June 30, 2026, is set to be transmitted in compliance with the applicable requirements.

In terms of comprehensive income, the company reported an overall total of 3.37 billion rupees, incorporating a gain from the remeasurement of the defined benefit plan and deferred tax adjustments.

The financial results illustrate a strong recovery and growth trajectory for Pakistan International Bulk Terminal Limited, reflecting effective management strategies and robust revenue generation capabilities in the current economic landscape.