Synthetic Products Enterprises Limited

Business Recorder reported a 9.32 percent annual drop in net profit for Synthetic Products Enterprises Limited (PSX: SPEL), which came to Rs1136.32 million in 2026 with earnings per share of Rs5.99. Net sales slipped 2.33 percent to Rs9408.87 million, a decline the company linked to weaker local demand and a Middle East crisis that raised the cost of key raw materials.

Gross profit fell 4.51 percent, pulling the gross margin down to 26.27 percent, while operating expense climbed 12.89 percent on inflation and higher fuel prices. Operating profit dropped 6.24 percent, leaving the operating margin at 20.58 percent. Lower provisions for WWF and WPPF reduced other expense by 17.31 percent, and finance cost fell 36.18 percent even though short-term borrowings rose sharply.

SPEL manufactures plastic auto parts, food and FMCG packaging, and moulds and dies, and its net profit had jumped 95.50 percent to Rs1253.12 million in 2025. The company intends to look for fresh overseas markets and develop new products to widen its sales mix.