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Paper, Board & Packaging

CPPL Cherat Packaging Limited

Latest results: FY2026 · Jun 2026

Watch CPPL · free results alerts

Last close · 16 Oct 2026

Rs 94.01 +0.67%

Annual · FY2009 – FY2026

Cherat Packaging Limited (CPPL) income statement

Cherat Packaging Limited reported revenue of Rs 15.1 bn for FY2026 (Jul 2025 – Jun 2026), up 16.0% on FY2025. Gross profit came to Rs 1.9 bn, a gross margin of 12.4%. Operating profit was Rs 1.5 bn (an operating margin of 9.6%). Finance cost was Rs 372.4 mn, down 17.3% on FY2025. Tax of Rs 432.7 mn took 39.9% of pre-tax profit. Profit attributable to shareholders was Rs 651.0 mn, up 82.6% on FY2025, or Rs 13.26 per share.

CPPL income statement (annual) (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 15.1 13.0 13.8 16.6 13.5
Cost of revenue (13.2) (12.0) (12.4) (13.3) (11.2)
Gross profit 1.9 1.0 1.5 3.3 2.3
Selling, general & administrative expenses (0.6) (0.5) (0.4) (0.4) (0.5)
Operating profit 1.5 0.5 0.9 2.8 1.9
Finance cost (0.4) (0.5) (0.8) (1.2) (0.5)
Profit before tax 1.1 0.3 1.0 1.7 1.4
Taxation (0.4) 0.1 (0.2) (0.8) (0.5)
Profit after tax 0.7 0.4 0.9 0.9 0.9
Profit attributable to shareholders 0.7 0.4 0.9 0.9 0.9
Per share & other
EPS – basic (Rs) Rs 13.26 7.26 18.04 18.50 18.04
EPS – diluted (Rs) Rs 13.26 7.26 18.04 18.50 18.04
Dividend per share (Rs) Rs 4.00 3.00 4.50 2.95 2.16
EBITDA 1.8 0.9 1.3 3.2 2.2
Depreciation & amortisation 0.4 0.4 0.4 0.4 0.4
Weighted average shares mn 49.1 49.1 49.1 49.1 49.1
CPPL income statement — year-on-year change (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue +16.0% -5.8% -16.5% +22.6% +20.0%
Cost of revenue +10.2% -3.0% -6.9% +18.7% +20.1%
Gross profit +84.0% -30.1% -55.4% +41.6% +19.5%
Selling, general & administrative expenses +20.9% +11.6% +3.7% -8.8% +21.1%
Operating profit +173.1% -42.0% -67.4% +50.6% +19.7%
Finance cost -17.3% -45.2% -30.8% +155.7% +29.0%
Profit before tax +259.5% -71.1% -37.4% +19.6% +16.4%
Taxation — -134.8% -79.2% +49.1% +48.5%
Profit after tax +82.6% -59.8% -2.5% +2.6% +3.6%
Profit attributable to shareholders +82.6% -59.8% -2.5% +2.6% +3.6%
Per share & other
EPS – basic (Rs) +82.6% -59.8% -2.5% +2.6% +3.6%
EPS – diluted (Rs) +82.6% -59.8% -2.5% +2.6% +3.6%
Dividend per share (Rs) +33.3% -33.3% +52.4% +36.4% -50.0%
EBITDA +102.6% -29.8% -60.3% +44.1% +17.3%
Depreciation & amortisation -1.0% +1.8% -9.4% +10.1% +6.4%
Weighted average shares — — — — —

Change against the previous fiscal year; shown when the earlier figure is positive.

CPPL income statement — common size (Rs mn)
Rs mn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue 100.0% 100.0% 100.0% 100.0% 100.0%
Cost of revenue (87.6%) (92.2%) (89.4%) (80.2%) (82.9%)
Gross profit 12.4% 7.8% 10.6% 19.8% 17.1%
Selling, general & administrative expenses (3.9%) (3.8%) (3.2%) (2.6%) (3.5%)
Operating profit 9.6% 4.1% 6.6% 17.0% 13.8%
Finance cost (2.5%) (3.5%) (5.9%) (7.2%) (3.4%)
Profit before tax 7.2% 2.3% 7.6% 10.1% 10.3%
Taxation (2.9%) 0.4% (1.1%) (4.6%) (3.8%)
Profit after tax 4.3% 2.7% 6.4% 5.5% 6.6%
Profit attributable to shareholders 4.3% 2.7% 6.4% 5.5% 6.6%
Per share & other
EBITDA 12.0% 6.9% 9.2% 19.3% 16.4%
Depreciation & amortisation 2.4% 2.8% 2.6% 2.4% 2.6%

Each line as a percentage of revenue.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 16 Oct 2026.

All reported line items 137
CPPL income statement — all reported line items (Rs bn)
Rs bn FY2026 Jul 2025 – Jun 2026 FY2025 Jul 2024 – Jun 2025 FY2024 Jul 2023 – Jun 2024 FY2023 Jul 2022 – Jun 2023 FY2022 Jul 2021 – Jun 2022
Revenue from Goods & Services 15.1 13.0 13.8 16.6 13.5
Sales of Goods & Services - Net - Unclassified 15.1 13.0 13.8 16.6 —
Sales Returns, Allowances & Other Revenue Adjustments — — — — 0.0
Revenue Taxes — — — — 2.2
Gross Revenue from Business Activities - Total — — — — 15.7
Revenue from Business Activities - Total 15.1 13.0 13.8 16.6 13.5
Cost of Operating Revenue 13.2 12.0 12.4 13.3 11.2
Cost of Revenues - Total 13.2 12.0 12.4 13.3 11.2
Cost of Revenues - Unclassified 12.9 11.7 12.0 12.9 9.7
Selling, General & Administrative Expenses - Total 0.6 0.5 0.4 0.4 0.5
Selling, General & Administrative Expenses - Unclassified 0.6 0.5 0.4 0.4 0.2
Amortization in Cost of Revenues 0.0 0.0 0.0 0.0 0.0
Depreciation in Cost of Revenues 0.3 0.3 0.3 0.4 0.3
Depreciation in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses including Stock-Based Compensation in Cost of Revenues — — — — 0.7
Amortization of Intangibles in Selling, General & Administrative Expenses 0.0 0.0 0.0 0.0 0.0
Material Expenses — — — — 0.4
Other Operating Expense/(Income) - Net (0.2) (0.0) 0.1 0.0 (0.0)
Other Operating Income - Total 0.2 0.0 0.0 0.0 0.0
Materials Purchased — — — — 0.4
Ground leases/Rental Expenses in Cost of Revenues — — — — 0.0
Cost of Revenues - Other - Total — — — — 0.0
Gross Profit - Industrials/Property - Total 1.9 1.0 1.5 3.3 2.3
Operating Expenses - Total 13.6 12.5 12.9 13.7 11.6
Labor & Related Expenses including Stock-Based Compensation in Selling, General & Administrative Expenses — — — — 0.2
Selling, General & Administrative Expenses - Other - Total — — — — 0.0
Advertising Expense — — — — 0.0
Operations & Maintenance (Utility) — — — — 0.0
Operating Profit before Non-Recurring Income/(Expense) 1.5 0.5 0.9 2.8 1.9
Financing Income/(Expense) - Net - Total (0.4) (0.4) (0.8) (1.2) (0.5)
Interest Expense - Net of (Interest Income) 0.4 0.4 0.8 1.2 0.5
Other Operating Expense 0.1 0.0 0.1 0.1 0.0
Occupancy Expense - Other — — — — 0.0
Interest Expense - Net of Capitalized Interest 0.4 0.5 0.8 1.2 0.5
Non-Interest Financial Income/(Expense) - Total (0.0) 0.0 0.0 0.0 (0.0)
Non-Interest Financial Income/(Expense) - Other - Net (0.0) (0.0) (0.0) (0.0) (0.0)
Sale of Tangible & Intangible Fixed Assets - Gain/Loss 0.0 0.2 0.9 0.0 (0.0)
Equity Earnings/(Loss) - before Taxes including Non-Recurring — 0.0 0.0 0.0 0.0
Other Non-Operating Income/(Expense) - Total 0.0 (0.1) 0.0 0.0 0.0
Supplementary Adjustments - Non-Operating - Decrease/(Increase) — — — — —
Foreign Exchange Gain/(Loss) - Non-Business — — — — —
Normalized Pre-tax Profit 1.1 0.3 1.0 1.7 1.4
Non-Recurring Income/Expense - Total 0.0 0.0 — — —
Interest Income - Non-Bank 0.0 0.1 0.0 0.0 0.0
Dividend & Investment Income — 0.0 0.0 0.0 0.0
Sale of Investments Held for Sale, Maturity & Trading - Gain/(Loss) 0.0 0.0 0.0 0.0 —
Fair Value Adjustments - Financial Investments 0.0 0.0 — — —
Income before Taxes 1.1 0.3 1.0 1.7 1.4
Income Taxes 0.4 (0.1) 0.2 0.8 0.5
Income Taxes for the Year - Current 0.3 0.1 0.2 0.5 0.3
Income Taxes - Domestic - Current — — — — —
Income Taxes - Other (KFAS/NLST) - Current — — 0.2 — —
Income Taxes - Deferred 0.2 (0.1) (0.0) 0.3 0.2
Income Taxes - Domestic - Deferred — — — — —
Income Taxes - Other - Deferred — — — — —
Income Taxes - Other (by Type) (0.0) (0.1) (0.0) (0.0) 0.0
Net Income after Tax 0.7 0.4 0.9 0.9 0.9
Income before Discontinued Operations & Extraordinary Items 0.7 0.4 0.9 0.9 0.9
Net Income before Minority Interest 0.7 0.4 0.9 0.9 0.9
Net Income after Minority Interest 0.7 0.4 0.9 0.9 0.9
Income Available to Common Shares 0.7 0.4 0.9 0.9 0.9
Other Comprehensive Income - Starting Line — — 0.9 0.9 0.9
Other Comprehensive Income - Unrealized Investment Gain/(Loss) — — 0.2 0.1 (0.4)
Other Comprehensive Income - Pension Related — — (0.0) 0.0 (0.0)
Other Comprehensive Income - Net of Tax - Total — — 0.2 0.1 (0.5)
Comprehensive Income before Minority Interest - Total — — 1.1 1.1 0.4
Comprehensive Income - Attributable to Parent Company Equity Holders - Total — — 1.1 1.1 0.4
DPS - Common - Gross - Issue - By Period End Date Rs 4.00 3.00 4.50 2.95 2.16
Net Income - Basic - including Extraordinary Items Applicable to Common - Total 0.7 0.4 0.9 0.9 0.9
Income available to Common excluding Extraordinary Items 0.7 0.4 0.9 0.9 0.9
Shares used to calculate Basic EPS - Total mn 49.1 49.1 49.1 49.1 49.1
EPS - Basic - including Extraordinary Items Applicable to Common - Total Rs 13.26 7.26 18.04 18.50 18.04
EPS - Basic - excluding Extraordinary Items Applicable to Common - Total Rs 13.26 7.26 18.04 18.50 18.04
EPS - Basic - excluding Extraordinary Items - Normalized - Total Rs 13.26 7.07 18.04 18.50 18.04
Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 0.7 0.4 0.9 0.9 0.9
Earnings Allocation Factor - Basic - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Basic EPS - Issue Specific mn 49.1 49.1 49.1 49.1 49.1
EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific Rs 13.26 7.26 18.04 18.50 18.04
EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 13.26 7.26 18.04 18.50 18.04
EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific Rs 13.26 7.07 18.04 18.50 18.04
EPS - Basic from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Basic - Issue Specific Rs — — 22.38 21.50 8.72
Dilution Adjustment — — — — —
Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 0.7 0.4 0.9 0.9 0.9
Diluted Income available to Common excluding Extraordinary Items 0.7 0.4 0.9 0.9 0.9
Shares used to calculate Diluted EPS - Total mn 49.1 49.1 49.1 49.1 49.1
EPS - Diluted - including Extraordinary Items Applicable to Common - Total Rs 13.26 7.26 18.04 18.50 18.04
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total Rs 13.26 7.26 18.04 18.50 18.04
EPS - Diluted - excluding Extraordinary Items - Normalized - Total Rs 13.26 7.07 18.04 18.50 18.04
Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue Specific 0.7 0.4 0.9 0.9 0.9
Earnings Allocation Factor - Diluted - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Shares used to calculate Diluted EPS - Issue Specific mn 49.1 49.1 49.1 49.1 49.1
EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific Rs 13.26 7.26 18.04 18.50 18.04
EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific Rs 13.26 7.26 18.04 18.50 18.04
EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific Rs 13.26 7.07 18.04 18.50 18.04
EPS - Diluted from Discontinued Operations & Extraordinary Items Rs 0.00 0.00 0.00 0.00 0.00
Comprehensive Earnings Per Share - Diluted - Issue Specific Rs — — 22.38 21.50 8.72
DPS - Common - Gross - Issue - By Announcement Date Rs 3.00 4.50 3.00 2.25 4.33
DPS - Common - Net - Issue - By Announcement Date Rs 2.70 4.05 2.70 2.03 3.90
Earnings before Interest & Taxes (EBIT) 1.5 0.5 0.9 2.8 1.9
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 1.8 0.9 1.3 3.2 2.2
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease Payments — — — — 2.2
Depreciation & Amortization - Supplemental 0.4 0.4 0.4 0.4 0.4
Depreciation Expense - Total - Supplemental 0.4 0.4 0.4 0.4 0.4
Amortization - Total - Supplemental 0.0 0.0 0.0 0.0 0.0
Depreciation, Depletion & Amortization - Total 0.4 0.4 0.4 0.4 0.4
Depreciation - Total 0.4 0.4 0.4 0.4 0.4
Amortization of Intangible Assets including Goodwill - Total — — — — —
Amortization of Intangible Assets excluding Goodwill - Total 0.0 0.0 0.0 0.0 0.0
Labor & Related Expenses - Total — — — — 1.0
Labor & Related Expenses - Supplemental — — — — 1.0
Auditor Fees — — — — 0.0
Audit-Related Fees — — — — 0.0
Tax Fees — — — — 0.0
Fees - Other — — — — 0.0
Normalized after Tax Profit 0.7 0.3 0.9 0.9 0.9
Normalized Net Income from Continuing Operations 0.7 0.3 0.9 0.9 0.9
Normalized Net Income - Bottom Line 0.7 0.3 0.9 0.9 0.9
Earnings before Interest & Taxes (EBIT) - Normalized 1.5 0.7 1.9 2.8 1.9
Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 1.8 1.0 2.2 3.2 2.2
Rental/Operating Lease Expense — — — — 0.0
Advertising Expenses - Supplemental — — — — 0.0
Interest Expense 0.4 0.5 0.8 1.2 0.5
Operating Expenses 13.6 12.5 12.9 13.7 11.6
Selling, General & Administrative Expenses excluding Research & Development Expenses 0.6 0.5 0.4 0.4 0.5
Income before Taxes & Provision for Loan Losses 1.1 0.3 1.0 1.7 1.4
Cost of Revenue including Operation & Maintenance (Utility) - Total 13.2 12.0 12.4 13.3 11.2
Cost of Revenues excluding Depreciation 12.9 11.7 12.0 12.9 10.8
Generation Cost — — — — 11.2
DPS - Common - Gross - Issue - By Payable Date Rs 3.00 4.50 3.00 2.25 4.33
DPS - Common - Gross - Issue - By Ex Date Rs 3.00 4.50 3.00 2.25 4.33
Tax Adjusted Operating Income 0.9 0.9 1.6 1.6 1.2
Operating Expenses excluding Non-Cash Charges - Total 13.3 12.1 12.5 13.4 11.3
Income Available to Common Shares before Depreciation & Amortization 1.0 0.7 1.2 1.3 1.2
Fixed Charges 0.4 0.5 0.8 1.2 0.5
Estimated Tax Rate 0.29× 0.29× 0.29× 0.29× 0.29×
Total Common & Spl DPS -Gross - Issue - By Announcement Date Rs 3.00 4.50 3.00 2.25 4.33

Every line the company reported, in the original order and wording, without regrouping or signs changed.