Last close · 16 Oct 2026
Rs 551.55 -0.40%
Financials
Pakistan National Shipping Corporation (PNSC) financials
20 years of annual results (FY2007 – FY2026).
Pakistan National Shipping Corporation (PNSC) reported revenue of Rs 59.5 bn for FY2026 (Jul 2025 – Jun 2026), up 58.2% from FY2025.
Profit attributable to shareholders was Rs 21.5 bn (EPS Rs 108.77), up 5.4%, a net margin of 36.2%.
It declared a dividend of Rs 20.00 per share for FY2026 and has paid a dividend in each of the last 20 years.
The balance sheet showed net cash of Rs 13.3 bn.
Return on equity was 19.8%.
Over the last five years revenue grew at a compound 36.0% a year.
At Rs 551.55 (close on 16 Oct 2026) the shares trade at 5.1× earnings (FY2026) and 0.95× book value, with a dividend yield of 3.6%.
Fundamentals
PNSC at a glance
Revenue · FY2026
Rs 59.5 bn
▲ 58.2% year on year
Profit attributable to shareholders · FY2026
Rs 21.5 bn
▲ 5.4% year on year
EPS – basic (Rs) · FY2026
Rs 108.77
▲ 5.4% year on year
Dividend per share (Rs) · FY2026
Rs 20.00
▼ 39.4% year on year
Net margin · FY2026
36.2%
-18.1 pts year on year
Debt to equity · FY2026
38.2%
+36.3 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 59.5 bn
- Profit attributable · FY2026
- Rs 21.5 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 182.8 bn
- Equity · FY2026
- Rs 114.5 bn
Financial highlights
PNSC financial results
| Rs bn | 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 | 59.5 | 37.6 | 46.4 | 54.6 | 27.7 | 12.8 | 13.8 | 10.9 | 10.1 | 12.5 |
| Gross profit | 21.4 | 11.2 | 18.8 | 27.0 | 8.0 | 2.9 | 4.6 | 2.7 | 2.1 | 3.5 |
| Operating profit | 20.5 | 20.9 | 23.8 | 33.3 | 6.8 | 3.0 | 3.7 | 2.9 | 1.2 | 2.6 |
| Profit after tax | 21.5 | 20.4 | 20.2 | 30.0 | 5.6 | 2.3 | 2.4 | 2.2 | 1.6 | 2.5 |
| Profit attributable to shareholders | 21.5 | 20.4 | 20.2 | 30.0 | 5.6 | 2.3 | 2.4 | 2.2 | 1.6 | 2.5 |
| EPS – basic (Rs) Rs | 108.77 | 103.22 | 101.87 | 151.41 | 28.50 | 11.43 | 12.18 | 11.08 | 8.28 | 12.50 |
| Dividend per share (Rs) Rs | 20.00 | 33.00 | 23.33 | 13.33 | 3.33 | 2.00 | 1.50 | 1.33 | 1.00 | 1.33 |
| Total assets | 182.8 | 113.8 | 99.9 | 86.0 | 53.4 | 46.6 | 45.8 | 45.1 | 37.5 | 37.7 |
| Total equity | 114.5 | 103.5 | 88.3 | 71.1 | 42.4 | 37.1 | 34.7 | 32.6 | 31.3 | 28.7 |
| Total debt | 43.7 | 2.0 | 2.8 | 7.3 | 4.6 | 6.1 | 7.5 | 9.1 | 3.0 | 4.2 |
| Net cash from operating activities | 24.6 | 16.2 | 22.9 | 26.4 | 8.6 | 3.5 | 3.2 | 2.4 | 1.7 | 2.8 |
| Capital expenditure | (69.8) | (3.8) | (3.7) | (13.9) | (1.4) | (0.7) | (0.7) | (9.0) | (0.3) | (0.4) |
| Free cash flow (operating cash flow − capex) | (45.3) | 12.4 | 19.2 | 12.5 | 7.1 | 2.8 | 2.5 | (6.6) | 1.4 | 2.4 |
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 15 Oct 2026.