Merit Packaging Limited (PSX:MERIT)

Pakistan · Delayed Price · Currency is PKR

8.99

+0.44 (5.15%)

At close: Nov 6, 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 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Jun '26 Jun 30, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Revenue	3,278	3,427	5,281	6,638	6,341	4,182
Revenue Growth	-30.23%	-35.11%	-20.45%	4.70%	51.63%	44.07%
Gross Profit	21.07	51.62	-38.42	450.6	486.41	247.98
Operating Income	-220.81	-195.06	-354.92	217.56	278.65	92.65
Net Income	-389.61	123.64	-599.67	-186.36	-189.91	-168.17
Earnings Per Share	-1.96	0.62	-3.00	-0.93	-0.95	-1.13
EPS Growth	-	-	-	-	-	-

Revenue by Geography

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Pakistan	4,033	6,052	6,636	7,448	4,897
Kenya	30.09	160.94	2.72	-	-
Unallocated	-635.94	-932.16	-	-1,108	-714.89
Total	3,427	5,281	6,638	6,341	4,182

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Jun '26 Jun 30, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Cash & Investments	2.97	10.35	2.66	21.31	5.65	6.85
Total Debt	467.36	541.26	1,278	1,071	2,342	2,551
Net Cash (Debt)	-464.39	-530.91	-1,275	-1,050	-2,337	-2,544
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-2.33	-2.66	-6.38	-5.25	-11.69	-17.17

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Jun '26 Jun 30, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Operating Cash Flow	94.97	-206.02	28.91	88.62	480.81	-142.76
Capital Expenditures	-7.34	-28.47	-116.34	-246.38	-240.4	-155.47
Free Cash Flow	87.62	-234.49	-87.43	-157.76	240.4	-298.24
Free Cash Flow Growth	-	-	-	-	-	-

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Sep '26 Sep 30, 2026	Jun '26 Jun 30, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
Gross Margin	0.64%	1.51%	-0.73%	6.79%	7.67%	5.93%
Operating Margin	-6.74%	-5.69%	-6.72%	3.28%	4.40%	2.22%
Pretax Margin	-8.35%	7.05%	-10.10%	-1.55%	-1.03%	-4.07%
Profit Margin	-11.89%	3.61%	-11.36%	-2.81%	-3.00%	-4.02%
FCF Margin	2.67%	-6.84%	-1.66%	-2.38%	3.79%	-7.13%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Nov '26 Nov 9, 2026	Jun '26 Jun 30, 2026	Jun '25 Jun 30, 2025	Jun '24 Jun 30, 2024	Jun '23 Jun 30, 2023	Jun '22 Jun 30, 2022
PE Ratio	-	16.35	-	-	-	-
P/FCF Ratio	20.52	-	-	-	7.32	-
PS Ratio	0.55	0.59	0.53	0.39	0.28	0.42