Karachi: Century Paper & Board Mills Limited announced its financial results for the fiscal year ending June 30, 2026, indicating a challenging year marked by a net loss. The company’s Board of Directors approved the audited financial statements in a meeting held on August 12, 2026, at their registered office in Karachi.

For the fiscal year 2026, the company reported a net turnover of 38.70 billion rupees, reflecting a modest increase from 37.28 billion rupees in the previous year. However, the cost of sales rose to 36.15 billion rupees from 34.62 billion rupees, impacting the gross profit, which declined to 2.55 billion rupees compared to 2.66 billion rupees in the prior year.

General and administrative expenses saw a rise to 1.12 billion rupees from 1.05 billion rupees, while selling and distribution expenses decreased to 293.93 million rupees from 320.61 million rupees. Other operating expenses notably increased to 87.42 million rupees from 39.25 million rupees. The company, however, recorded a significant rise in other income, amounting to 690.29 million rupees compared to 427.95 million rupees the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Century Paper & Board Mills Limited faced a finance cost of 1.22 billion rupees, a reduction from 1.65 billion rupees in 2025. Despite this decline in finance costs, the company recorded a profit before income tax and levy of 514.39 million rupees, a substantial increase from 30.04 million rupees in the previous year. However, after accounting for a levy of 380.63 million rupees and taxation amounting to 192.05 million rupees, the company reported a loss for the year of 58.29 million rupees, an improvement from the previous year’s loss of 345.42 million rupees.

The company's basic and diluted loss per share was reported at 0.15 rupees, compared to 0.86 rupees in the prior year. No cash dividends or bonus shares were declared for the period under review.

On the balance sheet, total assets increased to 33.25 billion rupees from 29.90 billion rupees. Non-current assets slightly decreased to 10.71 billion rupees from 10.97 billion rupees, while current assets rose significantly to 22.54 billion rupees from 18.93 billion rupees. The rise in current assets was primarily driven by increases in stock-in-trade and trade debts.

The company’s equity and liabilities structure showed total equity at 13.37 billion rupees, a slight decrease from 13.42 billion rupees. Non-current liabilities increased to 3.78 billion rupees from 3.01 billion rupees, while current liabilities rose to 16.10 billion rupees from 13.48 billion rupees.

Century Paper & Board Mills Limited will hold its Annual General Meeting on October 26, 2026, in Karachi. The share transfer books of the company will remain closed from October 19, 2026, to October 26, 2026, inclusive. The annual financial statements are expected to be transmitted through PUCARS at least 21 days before the meeting. The designated market category of the company was not disclosed in the report.