Engro Holdings profit plunges 56% to Rs30m in 1HCY26

Mettis Global reported that Engro Holdings, listed on the PSX as ENGROH, posted a 56 per cent fall in consolidated net profit to Rs30.44m for the half year to June 30, 2026, down from Rs69.33m a year earlier. Revenue still edged up 5 per cent to Rs259.26m. Per-share earnings on continuing operations dropped to Rs15.48 from Rs26.46.

Gross profit climbed 31 per cent to Rs72.68m as cost of revenue eased 3 per cent, and administrative expenses were cut by 36 per cent. Operating profit, however, fell 35 per cent to Rs64.63m from Rs99.19m. The prior-year figure included an adjustment of Rs35.76m and a remeasurement gain of Rs24.10m, both linked to thermal assets, and neither recurred this year.

Finance costs rose 32 per cent to Rs23.79m, while the levy on minimum and final tax jumped 148 per cent to Rs6.13m. Income tax fell 40 per cent to Rs8.38m, but the share of profit for shareholders of the parent company declined 41 per cent to Rs18.62m from Rs31.58m. Non-controlling interest's share dropped 69 per cent to Rs11.82m.