Merit Packaging Limited (PSX:MERIT)

Pakistan · Delayed Price · Currency is PKR

9.86

-0.17 (-1.69%)

At close: Jul 31, 2026

Merit Packaging Financials Overview

Financials in millions PKR. Fiscal year is July - June.

Millions PKR. Fiscal year is Jul - Jun.

Revenue & Profits

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Revenue	3,323	5,281	6,638	6,341	4,182	2,903
Revenue Growth	-43.53%	-20.45%	4.70%	51.63%	44.07%	34.48%
Gross Profit	-202.24	-38.42	450.6	486.41	247.98	-54.74
Operating Income	-492.65	-354.92	217.56	278.65	92.65	-213.6
Net Income	-349.57	-599.67	-186.36	-189.91	-168.17	-564.98
Earnings Per Share	-1.75	-3.00	-0.93	-0.95	-1.13	-6.84
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Pakistan	5,120	6,636	7,448	4,897	3,410
Kenya	160.94	2.72	-	-	-
Total	5,281	6,638	6,341	4,182	2,903

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Cash & Investments	9.22	2.66	21.31	5.65	6.85	3.54
Total Debt	536.89	1,278	1,071	2,342	2,551	3,587
Net Cash (Debt)	-527.67	-1,275	-1,050	-2,337	-2,544	-3,584
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.64	-6.38	-5.25	-11.69	-17.17	-43.39

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Operating Cash Flow	-123.56	28.91	88.62	480.81	-142.76	-123.68
Capital Expenditures	14.48	-116.34	-246.38	-240.4	-155.47	-48.31
Free Cash Flow	-109.08	-87.43	-157.76	240.4	-298.24	-171.99
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
Gross Margin	-6.08%	-0.73%	6.79%	7.67%	5.93%	-1.89%
Operating Margin	-14.82%	-6.72%	3.28%	4.40%	2.22%	-7.36%
Pretax Margin	-3.09%	-10.10%	-1.55%	-1.03%	-4.07%	-18.77%
Profit Margin	-10.52%	-11.36%	-2.81%	-3.00%	-4.02%	-19.46%
FCF Margin	-3.28%	-1.66%	-2.38%	3.79%	-7.13%	-5.92%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 31, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022	Jun '21 Jun 30, 2021
P/FCF Ratio	-	-	-	7.32	-	-
PS Ratio	0.60	0.53	0.39	0.28	0.42	0.49