Packages Limited delivers 5.7x profit surge
Published Date: April 28, 2026
Published On: Mettis Global Link
Packages Limited (PSX: PKGS) reported an outstanding 5.73x year-on-year expansion in profit for the period for the three months ended March 31, 2026, recording Rs1.27bn compared to Rs187.87m in the corresponding period last year.
The company’s basic and diluted earnings per share (EPS) surged to Rs7.47, a sharp turnaround from a loss of Rs3.39 per share in Q1FY25, showing exceptional value accretion for shareholders during the period.
PKGS’s net revenue posted a 6.74% year-on-year increase, rising to Rs53.10bn from Rs49.74bn.
Cost of sales and services grew at a considerably more contained pace of 2.50% to Rs40.53bn from Rs39.54bn, delivering strong operating leverage.
This allowed gross profit to expand by a robust 23.18% to Rs12.57bn from Rs10.20bn.
Administrative expenses rose 21.32% to Rs2.09bn while distribution and marketing costs increased 22.52% to Rs3.67bn, broadly tracking the scale of business expansion.
Other expenses, however, declined by 35.32% to Rs304.58m from Rs470.93m, providing meaningful relief. Other income grew 15.74% to Rs271.50m.
Below the operating line, finance costs declined by 3.83% to Rs3.51bn from Rs3.65bn, providing a positive tailwind. Profit before levy and income tax more than doubled, rising 101.75% to Rs3.25bn from Rs1.61bn.
After a levy charge of Rs349.74m, profit before income tax stood at Rs2.90bn, a 128.71% surge from Rs1.27bn in Q1FY25.
Income tax charges rose 51.37% to Rs1.64bn from Rs1.08bn, reflecting the significantly higher taxable profit base.
After accounting for income tax, Packages Limited successfully closed the quarter with a profit for the period of Rs1.27bn, representing a 573.43% expansion over the Rs187.87m reported in the corresponding period of last year.
| STATEMENT OF PROFIT OR LOSS FOR THE THREE MONTH ENDED MARCH 31, 2026 (Rs000) | |||
| Description | 2026 | 2025 | Change (%) |
| Net revenue | 53,098,364 | 49,744,611 | 6.74% |
| Cost of sales and services | (40,530,273) | (39,541,600) | 2.50% |
| Gross profit | 12,568,091 | 10,203,011 | 23.18% |
| Administrative expenses | (2,094,173) | (1,726,199) | 21.32% |
| Distribution and marketing costs | (3,666,455) | (2,992,482) | 22.52% |
| Net impairment (loss)/gain on financial assets | (96,482) | (78,893) | 22.29% |
| Other expenses | (304,578) | (470,930) | -35.32% |
| Other income | 271,499 | 234,567 | 15.74% |
| Investment income | 260 | – | |
| Share of net profit of associate and joint venture | 84,044 | 93,797 | -10.40% |
| Operating profit | 6,762,206 | 5,262,871 | 28.49% |
| Finance costs | (3,511,783) | (3,651,774) | -3.83% |
| Profit before levy and income tax | 3,250,423 | 1,611,097 | 101.75% |
| Levy | (349,739) | (342,802) | 2.02% |
| Profit before income tax | 2,900,684 | 1,268,295 | 128.71% |
| Income tax | (1,635,479) | (1,080,421) | 51.37% |
| Profit for the period | 1,265,205 | 187,874 | 573.43% |
| Earnings per share – basic and diluted | 7.47 | (3.39) | |
