PNSC declares Rs10 dividend

Mettis Global reports that Pakistan National Shipping Corporation (PNSC) earned Rs21.55bn in consolidated profit in the year to June 30, 2026, a rise of 5% from Rs20.45bn a year earlier. Alongside these results, the board has proposed a final cash payout of Rs10 per share. Earnings per share climbed to Rs108.77 from Rs103.22 in FY25.

Shipping income rose 50% year on year to Rs50.62bn, while other operating revenue climbed 139% to Rs8.57bn, lifting total customer revenue 59% to Rs59.19bn. Fleet costs grew 44% to Rs37.89bn, but gross profit nearly doubled to Rs21.51bn from Rs11.22bn. Operating profit increased 8% to Rs25.56bn, even as other income fell 48% to Rs6.92bn.

Finance charges climbed to Rs2.31bn from Rs430.40m, while levies fell 28% and taxation dropped 49% to Rs784.45m, leaving pre-tax profit at Rs22.33bn. Mettis Global identifies stronger core shipping revenue as the main driver behind the year's performance.