PIA Holding Company Income Statement

Financials in millions PKR. Fiscal year is January - December.

Millions PKR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	239,652	259,586	178,551	88,089	99,197
Revenue Growth (YoY)	-7.68%	45.38%	102.69%	-11.20%	-39.75%
Cost of Revenue	188,178	223,544	179,004	96,852	97,722
Gross Profit	51,474	36,042	-453.17	-8,763	1,475
Selling, General & Admin	33,090	26,748	16,792	12,965	13,806
Other Operating Expenses	2,933	6,302	597.91	555.32	1,400
Operating Expenses	36,022	33,050	17,390	13,520	15,205
Operating Income	15,452	2,992	-17,843	-22,283	-13,731
Interest Expense	-59,885	-90,579	-51,473	-27,958	-30,803
Interest & Investment Income	92.11	155.8	101.6	73.83	107.9
Earnings From Equity Investments	-	-1	0.85	0.92	-0.98
Currency Exchange Gain (Loss)	-2,389	-25,915	-25,230	-7,349	-4,942
Other Non Operating Income (Expenses)	-342.51	-413.7	-244.43	-624.6	-10.46
EBT Excluding Unusual Items	-47,073	-113,760	-94,689	-58,140	-49,380
Gain (Loss) on Sale of Investments	-176.35	-	-19.22	-	-
Gain (Loss) on Sale of Assets	4	0.01	-8,295	23.11	830.84
Asset Writedown	342.9	32,073	-	3,766	615.69
Other Unusual Items	1,570	1,633	1,776	-	-
Pretax Income	-45,009	-79,593	-100,590	-54,351	-47,933
Income Tax Expense	-30,184	7,671	-3,355	-867.05	-4,184
Earnings From Continuing Operations	-14,825	-87,263	-97,235	-53,483	-43,750
Earnings From Discontinued Operations	-524.58	-	-	-	-
Net Income to Company	-15,350	-87,263	-97,235	-53,483	-43,750
Minority Interest in Earnings	-198.3	-131.69	-66.92	109.01	194.86
Net Income	-15,548	-87,395	-97,302	-53,374	-43,555
Net Income to Common	-15,548	-87,395	-97,302	-53,374	-43,555
Shares Outstanding (Basic)	5,235	5,235	5,235	5,235	5,235
Shares Outstanding (Diluted)	5,235	5,235	5,235	5,235	5,235
EPS (Basic)	-2.97	-16.69	-18.59	-10.20	-8.32
EPS (Diluted)	-2.97	-16.69	-18.59	-10.20	-8.32
Free Cash Flow	23,549	18,159	-4,606	-25,558	-14,718
Free Cash Flow Per Share	4.50	3.47	-0.88	-4.88	-2.81
Gross Margin	21.48%	13.88%	-0.25%	-9.95%	1.49%
Operating Margin	6.45%	1.15%	-9.99%	-25.30%	-13.84%
Profit Margin	-6.49%	-33.67%	-54.50%	-60.59%	-43.91%
Free Cash Flow Margin	9.83%	7.00%	-2.58%	-29.01%	-14.84%
EBITDA	25,156	13,161	-8,786	-13,675	-3,850
EBITDA Margin	10.50%	5.07%	-4.92%	-15.52%	-3.88%
D&A For EBITDA	9,705	10,169	9,057	8,608	9,881
EBIT	15,452	2,992	-17,843	-22,283	-13,731
EBIT Margin	6.45%	1.15%	-9.99%	-25.30%	-13.84%

Updated Dec 31, 2024. Source: S&P Global Market Intelligence. Standard template. Financial Sources.