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PABC Pakistan Aluminium Beverage Cans Limited

Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026

Last close · 16 Oct 2026

Rs 95.48 +1.69%

Financials

Pakistan Aluminium Beverage Cans Limited (PABC) financials

7 years of annual results (FY2019 – FY2025), 26 quarters.

Pakistan Aluminium Beverage Cans Limited (PABC) reported revenue of Rs 24.0 bn for FY2025 (Jan – Dec 2025), up 4.0% from FY2024.

Profit attributable to shareholders was Rs 5.2 bn (EPS Rs 14.44), down 14.5%, a net margin of 21.7%.

No cash dividend was declared for FY2025.

The balance sheet showed net cash of Rs 11.5 bn.

Return on equity was 27.0%.

Over the last five years revenue grew at a compound 36.4% a year.

At Rs 95.48 (close on 16 Oct 2026) the shares trade at 8.2× earnings (TTM to Jun 2026) and 1.39× book value.

Fundamentals

PABC at a glance

Revenue · FY2025

Rs 24.0 bn

▲ 4.0% year on year

Profit attributable to shareholders · FY2025

Rs 5.2 bn

▼ 14.5% year on year

EPS – basic (Rs) · FY2025

Rs 14.44

▼ 14.5% year on year

Dividend per share (Rs) · FY2025

Rs 0.00

Net margin · FY2025

21.7%

-4.7 pts year on year

Debt to equity · FY2025

50.2%

-7.0 pts year on year

Financial statements

Income statement

Revenue, costs, profit and earnings per share.

Revenue · FY2025
Rs 24.0 bn
Profit attributable · FY2025
Rs 5.2 bn

Balance sheet

Assets, liabilities, debt and shareholders' equity.

Total assets · FY2025
Rs 39.4 bn
Equity · FY2025
Rs 22.0 bn

Cash flow

Cash from operations, investment, financing and free cash flow.

Operating cash flow · FY2025
Rs 5.4 bn
Free cash flow · FY2025
Rs 4.9 bn

Financial highlights

PABC financial results

PABC annual financial highlights (Rs bn)
Rs bn FY2025 Jan – Dec 2025 FY2024 Jan – Dec 2024 FY2023 Jan – Dec 2023 FY2022 Jan – Dec 2022 FY2021 Jan – Dec 2021 FY2020 Jan – Dec 2020 FY2019 Jan – Dec 2019
Revenue 24.0 23.1 19.7 14.2 7.2 5.1 4.8
Gross profit 7.8 8.4 7.6 4.7 2.6 1.5 1.1
Operating profit 5.2 7.1 6.0 3.5 2.2 1.3 0.8
Profit after tax 5.2 6.1 5.0 2.7 1.6 0.6 0.1
Profit attributable to shareholders 5.2 6.1 5.0 2.7 1.6 0.6 0.1
EPS – basic (Rs) Rs 14.44 16.90 13.90 7.48 4.37 1.69 0.41
Dividend per share (Rs) Rs 0.00 0.00 3.50 0.00 1.50 0.00 0.00
Total assets 39.4 31.7 21.5 15.4 12.2 8.8 8.9
Total equity 22.0 16.7 10.6 6.9 4.7 3.1 2.5
Total debt 11.0 9.6 6.8 5.0 5.5 4.5 5.5
Net cash from operating activities 5.4 8.7 5.7 0.6 1.8 0.7 (0.1)
Capital expenditure (0.5) (0.3) (0.9) (0.6) (0.8) (0.0) (0.1)
Free cash flow (operating cash flow − capex) 4.9 8.4 4.8 0.1 1.0 0.7 (0.2)
PABC quarterly financial highlights (Rs bn)
Rs bn TTM to Jun 2026 Q2 FY2026 Apr – Jun 2026 Q1 FY2026 Jan – Mar 2026 Q4 FY2025 Oct – Dec 2025 Q3 FY2025 Jul – Sep 2025 Q2 FY2025 Apr – Jun 2025 Q1 FY2025 Jan – Mar 2025 Q4 FY2024 Oct – Dec 2024 Q3 FY2024 Jul – Sep 2024
Revenue 18.0 3.8 3.8 3.0 7.5 8.9 4.6 5.6 5.8
Gross profit 6.0 1.6 1.4 0.8 2.2 3.3 1.4 1.8 2.2
Operating profit 5.0 1.7 1.5 (0.2) 2.0 2.9 1.5 1.7 2.0
Profit after tax 4.2 1.5 1.4 (0.4) 1.8 2.6 1.3 1.6 1.7
Profit attributable to shareholders 4.2 1.5 1.4 (0.4) 1.8 2.6 1.3 1.6 1.7
EPS – basic (Rs) Rs 11.58 4.06 3.85 (1.22) 4.89 7.24 3.54 4.52 4.73
Dividend per share (Rs) Rs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total assets 38.7 38.7 38.5 39.4 40.6 38.6 37.1 31.7 30.0
Total equity 24.8 24.8 23.3 22.0 22.4 20.6 18.0 16.7 15.1
Total debt 7.3 7.3 9.7 11.0 10.9 10.1 11.5 9.6 8.4
Net cash from operating activities 6.6 2.4 0.8 0.3 3.0 0.5 1.5 1.8 1.7
Capital expenditure (0.5) (0.0) (0.0) (0.1) (0.4) (0.0) (0.0) (0.1) (0.1)
Free cash flow (operating cash flow − capex) 6.1 2.4 0.8 0.2 2.6 0.5 1.5 1.7 1.7

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.

PABC charts

Revenue and profit Revenue Profit attributable
Revenue and profit Rs 24 bn Revenue FY19: Rs 4.8 bn Profit attributable FY19: Rs 147.5 mn FY19 Revenue FY20: Rs 5.1 bn Profit attributable FY20: Rs 610.7 mn FY20 Revenue FY21: Rs 7.2 bn Profit attributable FY21: Rs 1.6 bn FY21 Revenue FY22: Rs 14.2 bn Profit attributable FY22: Rs 2.7 bn FY22 Revenue FY23: Rs 19.7 bn Profit attributable FY23: Rs 5.0 bn FY23 Revenue FY24: Rs 23.1 bn Profit attributable FY24: Rs 6.1 bn FY24 Revenue FY25: Rs 24.0 bn Profit attributable FY25: Rs 5.2 bn FY25
Margins Gross margin Operating margin Net margin
Margins 42% 21% 0% Gross margin FY19: 22.3% Gross margin FY20: 30.3% Gross margin FY21: 35.5% Gross margin FY22: 33.4% Gross margin FY23: 38.7% Gross margin FY24: 36.5% Gross margin FY25: 32.7% Operating margin FY19: 16.4% Operating margin FY20: 24.7% Operating margin FY21: 29.9% Operating margin FY22: 25.0% Operating margin FY23: 30.5% Operating margin FY24: 30.9% Operating margin FY25: 21.6% Net margin FY19: 3.1% Net margin FY20: 12.0% Net margin FY21: 21.8% Net margin FY22: 19.1% Net margin FY23: 25.4% Net margin FY24: 26.5% Net margin FY25: 21.7% FY19 FY20 FY21 FY22 FY23 FY24 FY25
Cash flow Operating cash flow Capex Free cash flow
Cash flow Rs 9 bn -Rs 938 mn Operating cash flow FY19: -Rs 78.6 mn Capex FY19: -Rs 83.4 mn Free cash flow FY19: -Rs 161.9 mn FY19 Operating cash flow FY20: Rs 705.2 mn Capex FY20: -Rs 39.0 mn Free cash flow FY20: Rs 666.3 mn FY20 Operating cash flow FY21: Rs 1.8 bn Capex FY21: -Rs 796.3 mn Free cash flow FY21: Rs 1.0 bn FY21 Operating cash flow FY22: Rs 640.7 mn Capex FY22: -Rs 572.1 mn Free cash flow FY22: Rs 68.6 mn FY22 Operating cash flow FY23: Rs 5.7 bn Capex FY23: -Rs 937.6 mn Free cash flow FY23: Rs 4.8 bn FY23 Operating cash flow FY24: Rs 8.7 bn Capex FY24: -Rs 333.3 mn Free cash flow FY24: Rs 8.4 bn FY24 Operating cash flow FY25: Rs 5.4 bn Capex FY25: -Rs 545.7 mn Free cash flow FY25: Rs 4.9 bn FY25