Merit Packaging Limited (PSX:MERIT)

Merit Packaging Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cash & Equivalents	2.66	21.31	5.65	6.85	3.54
Cash & Short-Term Investments	2.66	21.31	5.65	6.85	3.54
Cash Growth	-87.53%	277.40%	-17.53%	93.46%	-62.09%
Accounts Receivable	792.65	1,196	1,444	1,114	651.6
Other Receivables	412.25	290.43	369.43	368.12	443.78
Receivables	1,205	1,487	1,813	1,482	1,095
Inventory	643.13	567.03	830.14	782.62	623.28
Prepaid Expenses	3.85	2.24	1.15	1.61	1.11
Other Current Assets	662.38	176.4	63.28	40.46	41.77
Total Current Assets	2,517	2,254	2,713	2,313	1,765
Property, Plant & Equipment	2,488	3,062	4,431	2,989	3,028
Other Intangible Assets	0.06	0.15	0.24	0.41	0.75
Long-Term Deferred Tax Assets	-	-	-	231.7	176.48
Other Long-Term Assets	12.25	12.25	12.25	5.02	5.09
Total Assets	5,017	5,328	7,157	5,539	4,976
Accounts Payable	1,361	1,175	1,698	1,056	723.35
Accrued Expenses	105.7	157.23	164.03	56.77	102.75
Short-Term Debt	841.33	640.31	676.68	698.87	785.5
Current Portion of Long-Term Debt	46.82	93.65	127.16	210.87	394.04
Current Portion of Leases	5.79	4.67	-	-	-
Current Income Taxes Payable	-	-	-	28.61	8.48
Current Unearned Revenue	-	-	-	0.29	2.26
Other Current Liabilities	0.18	0.18	0.69	0.92	1.76
Total Current Liabilities	2,361	2,071	2,666	2,052	2,018
Long-Term Debt	250	190.46	1,539	1,641	2,408
Long-Term Leases	133.62	142.39	-	-	-
Long-Term Unearned Revenue	-	-	-	-	0.53
Other Long-Term Liabilities	-	-	-	0.01	0.1
Total Liabilities	2,745	2,404	4,205	3,694	4,426
Common Stock	2,000	2,000	2,000	2,000	806.28
Additional Paid-In Capital	298.33	298.33	298.33	298.33	-
Retained Earnings	-1,660	-1,138	-2,168	-1,773	-1,599
Comprehensive Income & Other	1,634	1,764	2,821	1,321	1,342
Shareholders' Equity	2,272	2,924	2,952	1,846	549.32
Total Liabilities & Equity	5,017	5,328	7,157	5,539	4,976
Total Debt	1,278	1,071	2,342	2,551	3,587
Net Cash (Debt)	-1,275	-1,050	-2,337	-2,544	-3,584
Net Cash Per Share	-6.38	-5.25	-11.69	-17.17	-43.39
Filing Date Shares Outstanding	199.96	199.96	199.96	199.96	80.63
Total Common Shares Outstanding	199.96	199.96	199.96	199.96	80.63
Working Capital	155.87	182.81	46.86	261.35	-253.05
Book Value Per Share	11.36	14.62	14.76	9.23	6.81
Tangible Book Value	2,272	2,924	2,951	1,845	548.56
Tangible Book Value Per Share	11.36	14.62	14.76	9.23	6.80
Land	-	-	1,112	770	770
Buildings	83.91	-	453.5	326.49	315.93
Machinery	3,455	4,058	3,874	2,773	2,703
Construction In Progress	11.95	115.56	138.07	77.26	23.1

Source: S&P Global Market Intelligence. Standard template. Financial Sources.