Packages Limited had reported a loss of Rs1.8 billion in 2025 and Rs2.8 billion in 2024.
Karachi: During a briefing with stock market analysts, the company said it had faced losses for the second consecutive year. The company reported a loss of Rs1.8 billion for 2025, compared to a loss of Rs2.8 billion in 2024. As a result, the cumulative loss per share over the two years exceeded Rs53. However, company management stated that losses declined by 35% within one year.
In the first quarter of 2026, the company posted a profit of Rs391 million, translating into earnings per share (EPS) of Rs7.7. In comparison, the company had reported a loss of Rs303 million during the same period last year.
The company’s revenue mix showed that 29% of income came from the packaging business, 9% from consumer products, 5% from the ink division, 3% from real estate, 19% from paper and board, 13% from plastics, 16% from pharmaceuticals, 3% from corn starch, and 2% from trading activities.
Packages Limited had invested Rs28 billion in its subsidiary Bulleh Shah Packaging in 2021. However, the investment has yet to become profitable. Management said that Bulleh Shah Packaging’s performance is improving and its losses have declined by 65%. The company attributed the losses at Bulleh Shah Packaging to high interest rates.
Packages Limited holds a 69.26% stake in Tri-Pack Films, whose profit increased fivefold to Rs302 million.
The company’s subsidiary Stretch Pack posted a profit during January-March 2026, earning Rs36 million. In comparison, the company had suffered a loss of Rs531 million during the same period in 2025. Company officials said that dumping of imported paper in the local market was one of the major reasons behind the losses.
In this regard, the government imposed anti-dumping duties in December 2025. However, local traders obtained a stay order from the court against the decision. Although prices increased by 9%, the full benefits of the anti-dumping duties could not be realized.
According to the management, due to supply chain disruptions, customers are currently more concerned about the availability of raw materials rather than pricing. The management added that rising freight costs and war-risk premiums have increased overall costs. However, since packaging accounts for only 5-6% of total FMCG costs, customers are willing to absorb higher prices to ensure uninterrupted production.
