Merit Packaging Limited has released its unaudited condensed interim financial statements for the quarter ended September 30, 2026, reporting a significant decline in performance compared to the same period last year.
- Revenue decreased to PKR 788M, down 15.9% from PKR 937M in Q1 FY2026.
- Gross profit fell to PKR 34M, down from PKR 65M, with a gross margin of 4.4% compared to 6.9% last year.
- The company recorded an operating loss of PKR 13M, contrasting with an operating profit of PKR 13M in the prior year.
- Net loss after tax was PKR 41M (loss per share: PKR 0.21), compared to a profit of PKR 472M (EPS: PKR 2.36) last year, which included a one-off gain of PKR 506M from the disposal of the Gravure division.
- Total assets decreased to PKR 3,883M from PKR 4,015M, while accumulated losses rose to PKR 1,406M, representing about 70% of the paid-up capital.
- The current ratio improved to 1.40 from 1.37, supported by a reduction in short-term borrowings to PKR 85M from PKR 158M.