PIA Holding Company Limited (PSX:PIAHCLA)
Pakistan flag Pakistan · Delayed Price · Currency is PKR
24.29
-1.14 (-4.48%)
At close: Sep 8, 2026

PIA Holding Company Financials Overview

Millions PKR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
25,70925,709239,652259,586178,55188,089
Revenue Growth
-89.27%-89.27%-7.68%45.38%102.69%-11.20%
Gross Profit
16,39016,39051,47436,042-453.17-8,763
Operating Income
15,25015,25015,4522,992-17,843-22,283
Net Income
-25,527-25,527-15,548-87,395-97,302-53,374
Earnings Per Share
---2.97-16.69-18.59-10.20
EPS Growth
------

Revenue by Segment

Fiscal YearFY 2024FY 2023FY 2022FY 2021
Period EndingDec '24 Dec '23 Dec '22 Dec '21
Airlines Operations
204,164237,883172,03886,185
Hotel Operations
34,97322,1507,0032,459
Others
652.09710.97484.4217.65
Eliminations / Adjustments
-137.22-1,158-974.17-772.94
Total
239,652259,586178,55188,089

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
17,02917,02916,3529,27213,41014,031
Total Debt
454,999454,999443,655460,133441,716401,338
Net Cash (Debt)
-437,970-437,970-427,303-450,860-428,306-387,308
Net Cash Growth
------
Net Cash Per Share
---81.62-86.12-81.81-73.98

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
8,4618,46125,28522,459-623.66-23,546
Capital Expenditures
-447.73-447.73-1,736-4,300-3,983-2,012
Free Cash Flow
8,0148,01423,54918,159-4,606-25,558
Free Cash Flow Growth
-65.97%-65.97%29.68%---

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
63.75%63.75%21.48%13.88%-0.25%-9.95%
Operating Margin
59.32%59.32%6.45%1.15%-9.99%-25.30%
Pretax Margin
-150.64%-150.64%-18.78%-30.66%-56.34%-61.70%
Profit Margin
-99.29%-99.29%-6.49%-33.67%-54.50%-60.59%
FCF Margin
31.17%31.17%9.83%7.00%-2.58%-29.01%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
P/FCF Ratio
19.0125.034.092.04--
PS Ratio
5.937.800.400.140.100.24