Engro Polymer & Chemicals Limited has released its unaudited financial results for the half year ended June 30, 2026, showing a recovery in profitability compared to the previous year.
- Revenue: PKR 39,257.38M, up 4% YoY from PKR 37,610.54M.
- Net Profit (PAT): PKR 1,627.90M, a significant recovery from a loss of PKR 3,230.13M in the same period last year.
- Earnings Per Share (EPS): PKR 1.79, compared to a loss per share of PKR (3.55) in H1 2025.
- The report covers the half-year period and is unaudited, with a limited scope review conducted by the auditors.
- The company experienced a decline in domestic PVC sales in Q2 2026 but saw improved volumes in June as buyers returned to the market.
- Notably, the company has made significant progress in managing energy costs, with a reduction in the captive gas levy providing relief.
- Cash flows from operating activities showed a net cash utilized of PKR (5,587.56M), reflecting challenges in working capital management.
- The company is currently in breach of certain financial covenants but remains confident in maintaining its banking arrangements.