Pakistan National Shipping Corporation (PSX:PNSC)

PSX:PNSC Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating Revenue	37,793	41,286	47,496	23,833	12,240	13,804
Other Revenue	-	-	-	73.92	-	-
Revenue	37,793	41,286	47,496	23,907	12,240	13,804
Revenue Growth (YoY)	-13.00%	-13.08%	98.67%	95.32%	-11.33%	21.20%
Cost of Revenue	25,878	27,365	27,507	19,674	9,910	9,227
Gross Profit	11,915	13,921	19,988	4,233	2,330	4,577
Selling, General & Admin	2,062	1,990	1,601	1,207	1,009	1,097
Other Operating Expenses	-2,655	-3,341	-5,488	-2,745	-263.91	221.7
Operating Expenses	-450.29	-1,211	-2,830	-632.86	458.93	1,584
Operating Income	12,365	15,132	22,818	4,866	1,871	2,992
Interest Expense	-657.39	-1,002	-1,400	-522.09	-549.62	-1,127
Interest & Investment Income	4,919	6,848	2,539	591.72	417.37	514.5
Currency Exchange Gain (Loss)	-117.59	-188.11	3,040	276.5	-43.19	115.68
Other Non Operating Income (Expenses)	1,428	1,400	1,308	740.56	177.34	-82.75
EBT Excluding Unusual Items	17,937	22,190	28,304	5,952	1,873	2,413
Gain (Loss) on Sale of Investments	3,050	199.24	-3.23	-10.5	13.84	3.05
Gain (Loss) on Sale of Assets	10.04	32.71	3,340	108.4	67.15	15.96
Asset Writedown	234.76	234.76	127.85	224.93	323.49	88.49
Other Unusual Items	227.52	61.43	50.3	12.48	138.2	45.66
Pretax Income	21,589	22,758	31,877	6,297	2,442	2,582
Income Tax Expense	2,525	2,576	1,882	647.25	177.17	167.87
Earnings From Continuing Operations	19,064	20,182	29,994	5,650	2,265	2,414
Minority Interest in Earnings	-1.35	-1.65	-1.03	-4.32	-1.25	-0.61
Net Income	19,063	20,180	29,993	5,646	2,264	2,413
Net Income to Common	19,063	20,180	29,993	5,646	2,264	2,413
Net Income Growth	-30.69%	-32.72%	431.27%	149.39%	-6.19%	10.00%
Shares Outstanding (Basic)	198	198	198	198	198	198
Shares Outstanding (Diluted)	198	198	198	198	198	198
EPS (Basic)	96.25	101.87	151.41	28.50	11.43	12.18
EPS (Diluted)	96.25	101.87	151.41	28.50	11.43	12.18
EPS Growth	-30.66%	-32.72%	431.27%	149.39%	-6.19%	10.00%
Free Cash Flow	11,738	13,381	10,061	6,074	2,449	2,005
Free Cash Flow Per Share	59.27	67.55	50.79	30.66	12.36	10.12
Dividend Per Share	23.333	23.333	13.333	3.333	2.000	1.500
Dividend Growth	16.67%	75.00%	300.00%	66.66%	33.33%	12.50%
Gross Margin	31.53%	33.72%	42.09%	17.71%	19.03%	33.16%
Operating Margin	32.72%	36.65%	48.04%	20.35%	15.29%	21.68%
Profit Margin	50.44%	48.88%	63.15%	23.61%	18.50%	17.48%
Free Cash Flow Margin	31.06%	32.41%	21.18%	25.41%	20.01%	14.53%
EBITDA	15,042	17,168	25,159	6,703	3,518	4,451
EBITDA Margin	39.80%	41.58%	52.97%	28.04%	28.74%	32.24%
D&A For EBITDA	2,677	2,036	2,341	1,837	1,647	1,458
EBIT	12,365	15,132	22,818	4,866	1,871	2,992
EBIT Margin	32.72%	36.65%	48.04%	20.35%	15.29%	21.68%
Effective Tax Rate	11.69%	11.32%	5.91%	10.28%	7.25%	6.50%
Revenue as Reported	42,390	46,363	54,597	27,783	12,789	13,804
Advertising Expenses	-	24.04	32.76	19.16	12.79	13.68

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.