Karachi: Engro Polymer & Chemicals Limited has reported a return to profitability for the first nine months of 2026, following two years of financial decline. The company, which held its corporate briefing on October 27, 2026, revealed financial results indicating a modest recovery, as detailed in a report dated October 26, 2026.

The company's revenue for the nine-month period ending in 2026 stood at PKR 65.3 billion, reflecting a rise from PKR 57.6 billion during the same period in 2025. This revenue increase contributed to a profit after tax of PKR 314 million, a turnaround from a loss of PKR 3.5 billion in the first nine months of 2025.

According to information available from the Pakistan Stock Exchange (PSX), Engro Polymer's segment-wise performance showed varied results. The PVC segment maintained a steady revenue contribution at 80% for both 9M 2025 and 9M 2026. The Chlor-Alkali segment's revenue share slightly decreased from 19% in 9M 2025 to 17% in 9M 2026, while the HPO segment increased its share from 1% to 3%.

Profitability across segments varied significantly. The Chlor-Alkali and other segments saw a profit after tax decrease to PKR 616 million in 9M 2026 from PKR 1.29 billion in 9M 2025. The HPO segment reported a narrower loss of PKR 172 million, compared to a loss of PKR 665 million in the previous period. Meanwhile, the PVC segment reduced its losses significantly from PKR 4.08 billion in 9M 2025 to PKR 130 million in 9M 2026.

The company's EBITDA for 9M 2026 was recorded at PKR 8.7 billion, a substantial improvement from PKR 3.9 billion in the same period last year, indicating a significant move in profitability. This recovery comes after a challenging period, with EBITDA and profit after tax figures showing a downward trend from 2022 to 2025.

The financial results highlight Engro Polymer & Chemicals Limited's efforts to stabilize and improve its financial standing, amid fluctuating market conditions and operational challenges in recent years.