Last close · 16 Oct 2026
Rs 135.37 -7.85%
Financials
Pakistan Paper Products Limited (PPP) financials
15 years of annual results (FY2012 – FY2026), 48 quarters.
Pakistan Paper Products Limited (PPP) reported revenue of Rs 1.9 bn for FY2026 (Jul 2025 – Jun 2026), up 10.4% from FY2025.
Profit attributable to shareholders was Rs 165.9 mn (EPS Rs 20.73), up 35.5%, a net margin of 8.7%.
It declared a dividend of Rs 8.00 per share for FY2026 and has paid a dividend in each of the last 10 years.
Net debt stood at Rs 227.0 mn.
Return on equity was 9.2%.
Over the last five years revenue grew at a compound 11.9% a year.
At Rs 135.37 (close on 16 Oct 2026) the shares trade at 6.5× earnings (FY2026) and 0.58× book value, with a dividend yield of 5.9%.
Fundamentals
PPP at a glance
Revenue · FY2026
Rs 1.9 bn
▲ 10.4% year on year
Profit attributable to shareholders · FY2026
Rs 165.9 mn
▲ 35.5% year on year
EPS – basic (Rs) · FY2026
Rs 20.73
▲ 35.5% year on year
Dividend per share (Rs) · FY2026
Rs 8.00
▲ 60.0% year on year
Net margin · FY2026
8.7%
+1.6 pts year on year
Debt to equity · FY2026
12.4%
+1.1 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 1.9 bn
- Profit attributable · FY2026
- Rs 165.9 mn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 2.4 bn
- Equity · FY2026
- Rs 1.9 bn
Financial highlights
PPP financial results
| Rs mn | FY2026 Jul 2025 – Jun 2026 | FY2025 Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 Jul 2020 – Jun 2021 | FY2020 Jul 2019 – Jun 2020 | FY2019 Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 * Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,913.7 | 1,733.6 | 1,927.3 | 1,745.9 | 1,234.2 | 1,093.0 | 913.3 | 875.4 | 788.2 | 659.9 |
| Gross profit | 374.9 | 299.0 | 391.3 | 291.3 | 189.2 | 160.8 | 96.9 | 99.3 | 129.7 | 124.3 |
| Operating profit | 254.1 | 197.8 | 289.4 | 214.4 | 122.0 | 112.9 | 44.4 | 51.0 | 79.7 | 78.8 |
| Profit after tax | 165.9 | 122.4 | 155.9 | 89.0 | 61.7 | 70.6 | 15.6 | 18.0 | 50.1 | 60.8 |
| Profit attributable to shareholders | 165.9 | 122.4 | 155.9 | 89.0 | 61.7 | 70.6 | 15.6 | 18.0 | 50.1 | 60.8 |
| EPS – basic (Rs) Rs | 20.73 | 15.30 | 19.49 | 11.13 | 7.72 | 8.82 | 1.95 | 2.25 | 6.26 | 7.60 |
| Dividend per share (Rs) Rs | 8.00 | 5.00 | 7.50 | 4.00 | 2.50 | 5.00 | 1.25 | 1.00 | 1.88 | 4.13 |
| Total assets | 2,388.5 | 2,244.5 | 2,141.3 | 1,757.4 | 1,600.6 | 1,397.2 | 1,376.4 | 1,234.2 | 870.7 | 843.8 |
| Total equity | 1,874.5 | 1,750.7 | 1,661.3 | 1,107.5 | 1,016.6 | 999.0 | 955.0 | 947.3 | 634.3 | 600.4 |
| Total debt | 232.1 | 196.8 | 230.1 | 336.4 | 313.2 | 180.9 | 140.9 | 127.4 | 116.3 | 103.8 |
| Net cash from operating activities | 47.4 | 172.0 | 195.5 | (7.5) | 41.8 | (7.5) | 64.3 | 10.0 | 27.0 | 57.7 |
| Capital expenditure | (42.7) | (111.9) | (29.0) | (15.8) | (130.3) | (15.7) | (74.7) | (7.0) | (17.6) | (122.5) |
| Free cash flow (operating cash flow − capex) | 4.7 | 60.0 | 166.4 | (23.4) | (88.6) | (23.2) | (10.4) | 2.9 | 9.5 | (64.8) |
| Rs mn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 Oct – Dec 2025 | Q1 FY2026 Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,913.7 | 564.6 | 576.8 | 333.2 | 439.1 | 453.9 | 535.6 | 379.6 | 364.5 |
| Gross profit | 374.9 | 115.8 | 115.5 | 65.5 | 78.1 | 79.4 | 100.6 | 57.5 | 61.5 |
| Operating profit | 254.1 | 81.1 | 83.5 | 39.6 | 49.9 | 50.6 | 75.1 | 33.6 | 38.6 |
| Profit after tax | 165.9 | 58.8 | 52.6 | 24.3 | 30.2 | 34.3 | 58.2 | 17.2 | 12.7 |
| Profit attributable to shareholders | 165.9 | 58.8 | 52.6 | 24.3 | 30.2 | 34.3 | 58.2 | 17.2 | 12.7 |
| EPS – basic (Rs) Rs | 20.73 | 7.35 | 6.57 | 3.04 | 3.77 | 4.29 | 7.27 | 2.15 | 1.59 |
| Dividend per share (Rs) Rs | 8.00 | 8.00 | 0.00 | 0.00 | 0.00 | 5.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 2,388.5 | 2,388.5 | 2,357.5 | 2,240.2 | 2,191.6 | 2,244.5 | 2,163.1 | 2,217.7 | 2,115.7 |
| Total equity | 1,874.5 | 1,874.5 | 1,817.8 | 1,765.2 | 1,780.9 | 1,750.7 | 1,717.4 | 1,659.3 | 1,674.1 |
| Total debt | 232.1 | 232.1 | 233.4 | 169.8 | 243.6 | 196.8 | 246.2 | 288.6 | 226.1 |
| Net cash from operating activities | 47.4 | 14.6 | (45.2) | 116.1 | (38.2) | 57.8 | 66.8 | 14.5 | 32.9 |
| Capital expenditure | (42.7) | (12.3) | (18.9) | (2.7) | (8.8) | (11.4) | (24.2) | (47.7) | (28.7) |
| Free cash flow (operating cash flow − capex) | 4.7 | 2.3 | (64.0) | 113.4 | (46.9) | 46.4 | 42.7 | (33.2) | 4.2 |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.