February 17, 2026 (MLN): Nimir Resins Limited (PSX: NRSL) reported a profit after tax (PAT) of Rs161.99 million for the six months ended December 31, 2025, showing a 20.5% increase compared to Rs134.45m in the corresponding period last year.
Earnings per share (EPS) rose to Rs1.15, up 21.1% from Rs0.95 in 1HFY25. The company did not announce any dividend along with the results.
The company’s revenue from sales increased 22.9% year-on-year to Rs6.97bn, compared to Rs5.67bn in the same period last year.
After accounting for sales tax, net sales rose 23.5% to Rs5.89bn from Rs4.77bn, supported by improved volumetric sales and pricing adjustments.
Cost of sales increased 24.7% to Rs5.29bn; however, revenue growth partially offset cost pressures. As a result, gross profit grew 14% to Rs600.16m compared to Rs526.43m in 1HFY25.
Despite the increase in gross profit, margins remained under pressure due to higher input costs and operating expenses.
Other income declined 17.1% to Rs12.80m from Rs15.44m in the corresponding period last year, limiting additional non-core earnings support.
Distribution costs increased 19.4% to Rs85.91m, showing higher freight and selling expenses.
Administrative expenses rose sharply by 28.5% to Rs92.54m, indicating increased overheads and inflationary impact.
Total operating expenses climbed 24.0% to Rs178.46m, while other operating expenses rose 19.9% to Rs33.07m.
Despite higher expenses, operating profit increased 10.3% to Rs421.70m from Rs382.49m in 1HFY25, supported by topline expansion.
Finance costs declined significantly by 28.5% to Rs139.10m, compared to Rs194.41m last year, providing relief to the bottom line amid a relatively improved financing environment.
Other income stood at Rs12.80m, bringing total other items to Rs159.37m, down 22.9% year-on-year.
Profit before levy and taxation rose 49.1% to Rs262.33m from Rs175.94m in the same period last year, reflecting improved operational performance and lower finance costs.
Tax expense surged 141.9% to Rs100.34m compared to Rs41.48m last year, weighing on net profitability.
|
STATEMENT OF PROFIT OR LOSS FOR THE SIX MONTHS ENDED DECEMBER 31, 2025 (Rs.000) |
|||
|
Description |
2025 |
2024 |
Change (%) |
|
Revenue from sales |
6,968,137 |
5,667,898 |
22.94% |
|
Less: Sales tax |
(1,081,089) |
(900,526) |
20.05% |
|
Net sales |
5,887,048 |
4,767,372 |
23.49% |
|
Cost of sales |
(5,286,893) |
(4,240,940) |
24.66% |
|
Gross Profit |
600,155 |
526,432 |
14.00% |
|
Distribution costs |
(85,912) |
(71,926) |
19.44% |
|
Administrative expenses |
(92,544) |
(72,012) |
28.51% |
|
Total Operating expenses |
(178,456) |
(143,938) |
23.98% |
|
Operating Profit |
421,700 |
382,494 |
10.25% |
|
Other operating expenses |
(33,073) |
(27,588) |
19.88% |
|
Finance cost |
(139,097) |
(194,410) |
-28.45% |
|
Other income |
12,802 |
15,440 |
-17.09% |
|
Total other items |
(159,368) |
(206,558) |
-22.85% |
|
Profit before Levy and Taxation |
262,331 |
175,936 |
49.11% |
|
Profit before taxation |
262,331 |
175,936 |
49.11% |
|
Taxation |
(100,338) |
(41,483) |
141.88% |
|
Net Profit for the Period |
161,993 |
134,453 |
20.48% |
|
Earnings per Share (Rs.) |
1.15 |
0.95 |
21.05% |