PIA Holding Company Limited (PSX:PIAHCLA)
Pakistan flag Pakistan · Delayed Price · Currency is PKR
23.33
-0.38 (-1.60%)
At close: Nov 6, 2026

PIA Holding Company Financials Overview

Millions PKR. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
-35,89625,709239,652259,586178,55188,089
Revenue Growth
--89.27%-7.68%45.38%102.69%-11.20%
Gross Profit
3,36116,39051,47436,042-453.17-8,763
Operating Income
5,29615,25015,4852,992-17,843-22,283
Net Income
-32,109-25,527-14,625-87,395-97,302-53,374
Earnings Per Share
-6.13-4.88-2.79-16.69-18.59-10.20
EPS Growth
------

Revenue by Segment

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Aviation
211,609211,661204,164237,883172,03886,185
Hotel Operations
18,33426,16934,97322,1507,0032,459
Others
3,881712.72652.09710.97484.4217.65
Eliminations / Adjustments
---137.22-1,158-974.17-772.94
Total
176,937238,543239,652259,586178,55188,089

Cash & Debt

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
3,45217,02916,3529,27213,41014,031
Total Debt
483,181454,999443,655460,133441,716401,338
Net Cash (Debt)
-479,729-437,970-427,303-450,860-428,306-387,308
Net Cash Growth
------
Net Cash Per Share
-91.63-83.66-81.62-86.12-81.81-73.98

Cash Flow & CapEx

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
5,7648,46133,55022,459-623.66-23,546
Capital Expenditures
-4,891-447.73-1,736-4,300-3,983-2,012
Free Cash Flow
873.848,01431,81418,159-4,606-25,558
Free Cash Flow Growth
-70.34%-74.81%75.19%---

Margins

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-63.75%21.48%13.88%-0.25%-9.95%
Operating Margin
-59.32%6.46%1.15%-9.99%-25.30%
Pretax Margin
134.78%-150.64%-18.40%-30.66%-56.34%-61.70%
Profit Margin
--99.29%-6.10%-33.67%-54.50%-60.59%
FCF Margin
-31.17%13.28%7.00%-2.58%-29.01%

Valuation

Fiscal Year
CurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingNov '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
P/FCF Ratio
163.7625.033.032.04--
PS Ratio
-7.800.400.140.100.24