Karachi: The Pakistan International Bulk Terminal Limited (PIBT) has reported a remarkable financial turnaround for the fiscal year ending June 30, 2026, according to its annual report released on October 6, 2026. The company, which operates under a Build-Operate-Transfer agreement with the Port Qasim Authority, saw a substantial increase in both its cargo handling volumes and financial performance.
During the reported year, PIBT handled 7,595,432 tons of cargo across 143 vessels, a significant rise from the previous year's 4,793,326 tons across 87 vessels. This increase is largely attributed to a surge in coal imports driven by heightened demand from sectors such as cement, power plants, and textiles. The regional energy landscape, impacted by the Gulf conflict and RLNG constraints, has further bolstered reliance on coal.
A noteworthy development during the year was the execution of a Supplemental Implementation Agreement with the Port Qasim Authority on December 12, 2025. This agreement allows PIBT to expand its operational scope to include copper-gold commodities, minerals, and metals, leveraging its existing terminal infrastructure. Furthermore, Reko Diq Mining Company has selected PIBT as its terminal of choice for copper and gold concentrate exports, marking a significant expansion in PIBT's cargo handling capabilities.
According to information available from the Pakistan Stock Exchange (PSX), the company's financial achievements are underscored by a net profit of Rs. 3,373 million for the year, a stark contrast to the Rs. 258 million net loss recorded in the previous fiscal year. Revenue surged to Rs. 16.39 billion from Rs. 9.97 billion, reflecting a very large or significant move. Gross profit and profit before tax also saw substantial increases, reaching Rs. 5.45 billion and Rs. 4.19 billion, respectively.
The company's financial resilience was further supported by strategic initiatives to maintain operational efficiency and optimize costs, enabling it to generate sustainable cash flows. Earnings per share rose to Rs. 1.89, compared to a loss of Rs. 0.14 the previous year, marking a notable improvement in shareholder returns.
PIBT's strategic agreements and operational enhancements have positioned it as a pivotal player in Pakistan's bulk terminal and mineral export sectors, with the potential for continued growth and contribution to the national economy.