Merit Packaging Limited has released its Annual Report for the year ended June 30, 2026, detailing a significant operational turnaround despite a decline in revenue due to the disposal of its Gravure division.
- Revenue for FY 2026 was PKR 3,426.87M, down from PKR 5,280.93M in FY 2025.
- Gross profit improved to PKR 59.58M from a loss of PKR 28.73M in the previous year, marking a recovery of PKR 88M.
- Profit after tax stood at PKR 123.64M, a significant turnaround from a loss of PKR 599.67M in FY 2025.
- The operating loss (excluding one-time gains) narrowed to PKR 166M from PKR 350M, reflecting operational efficiencies and austerity measures.
- Financial charges decreased to PKR 97M from PKR 183M, aided by reduced reliance on running finance and lower KIBOR rates.
- No dividend has been declared due to accumulated losses despite the profit.
- The report indicates a cautious outlook for FY 2027, with anticipated inflation and competitive pressures in the packaging sector.