Merit Packaging Limited has released its Annual Report for the year ended June 30, 2026, highlighting a significant operational turnaround despite a decline in revenue due to the disposal of its Gravure division.
- Revenue decreased to PKR 3,426.87M from PKR 5,280.93M, a decline of 34.12% primarily due to the strategic disposal of the Gravure division.
- Gross profit improved to PKR 59.58M, recovering from a loss of PKR 28.73M in the previous year, reflecting operational efficiencies and cost controls.
- Profit after tax stood at PKR 123.64M, a notable recovery from a loss of PKR 599.67M in FY 2025, largely driven by a one-time gain from the division's sale.
- Earnings per share (EPS) reported at PKR 0.62, compared to a loss per share of PKR 3.00 in the prior year.
- Financial charges decreased significantly from PKR 183M to PKR 97M, aided by reduced reliance on running finance and lower KIBOR rates.
- The company did not declare a dividend due to accumulated losses.
- The outlook remains cautious as the company aims to stabilize its core operations and improve profitability independent of one-time gains.