EPCL Engro Polymer & Chemicals Limited
Latest results: FY2025 · Dec 2025 Q2 FY2026 · Apr – Jun 2026
Last close · 16 Oct 2026
Rs 31.77 -0.25%
Financials
Engro Polymer & Chemicals Limited (EPCL) financials
20 years of annual results (FY2006 – FY2025), 78 quarters.
Engro Polymer & Chemicals Limited (EPCL) reported revenue of Rs 78.0 bn for FY2025 (Jan – Dec 2025), up 3.0% from FY2024.
It made a loss of Rs 3.9 bn attributable to shareholders (EPS Rs -4.29), a net margin of -5.0%.
No cash dividend was declared for FY2025.
Net debt stood at Rs 30.4 bn.
Return on equity was -16.8%.
Over the last five years revenue grew at a compound 17.2% a year.
At Rs 31.77 (close on 16 Oct 2026) the shares trade at 30.0× earnings (TTM to Jun 2026) and 1.27× book value.
Fundamentals
EPCL at a glance
Revenue · FY2025
Rs 78.0 bn
▲ 3.0% year on year
Profit attributable to shareholders · FY2025
-Rs 3.9 bn
EPS – basic (Rs) · FY2025
Rs -4.29
Dividend per share (Rs) · FY2025
Rs 0.00
Net margin · FY2025
-5.0%
-4.8 pts year on year
Debt to equity · FY2025
233.5%
+79.8 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 78.0 bn
- Profit attributable · FY2025
- -Rs 3.9 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 117.3 bn
- Equity · FY2025
- Rs 24.2 bn
Financial highlights
EPCL financial results
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 * Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 Jan – Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 78.0 | 75.7 | 81.3 | 82.1 | 70.0 | 35.3 | 37.8 | 35.3 | 27.7 | 22.9 |
| Gross profit | 4.8 | 6.6 | 20.6 | 23.4 | 24.1 | 10.9 | 8.1 | 7.5 | 6.2 | 3.9 |
| Operating profit | 2.5 | 3.9 | 17.8 | 20.3 | 21.3 | 9.7 | 6.8 | 6.9 | 4.0 | 2.1 |
| Profit after tax | (3.9) | (0.2) | 8.9 | 11.7 | 15.1 | 5.7 | 3.7 | 4.9 | 2.1 | 0.7 |
| Profit attributable to shareholders | (3.9) | (0.2) | 8.9 | 11.7 | 15.1 | 5.7 | 3.7 | 4.9 | 2.1 | 0.7 |
| EPS – basic (Rs) Rs | (4.29) | (0.18) | 9.83 | 12.86 | 16.28 | 6.30 | 4.07 | 6.22 | 2.78 | 0.89 |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 6.00 | 12.50 | 16.30 | 1.25 | 0.80 | 1.10 | 1.12 | 0.00 |
| Total assets | 117.3 | 100.9 | 90.6 | 85.4 | 78.0 | 69.1 | 57.5 | 36.0 | 24.4 | 24.4 |
| Total equity | 24.2 | 28.3 | 29.9 | 27.7 | 30.1 | 26.1 | 17.8 | 16.8 | 7.8 | 6.0 |
| Total debt | 56.4 | 43.5 | 35.3 | 28.9 | 25.8 | 26.3 | 27.1 | 7.5 | 8.8 | 9.5 |
| Net cash from operating activities | 11.8 | 0.2 | 1.3 | 20.7 | 14.5 | 10.4 | 7.5 | 9.6 | 1.9 | 3.1 |
| Capital expenditure | (3.4) | (9.2) | (11.4) | (9.1) | (3.6) | (7.3) | (13.1) | (4.3) | (1.1) | (0.6) |
| Free cash flow (operating cash flow − capex) | 8.4 | (8.9) | (10.1) | 11.6 | 10.9 | 3.1 | (5.6) | 5.4 | 0.8 | 2.5 |
| Rs bn | TTM to Jun 2026 | Q2 FY2026 * Apr – Jun 2026 | Q1 FY2026 Jan – Mar 2026 | Q4 FY2025 Oct – Dec 2025 | Q3 FY2025 * Jul – Sep 2025 | Q2 FY2025 Apr – Jun 2025 | Q1 FY2025 Jan – Mar 2025 | Q4 FY2024 Oct – Dec 2024 | Q3 FY2024 Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 79.7 | 17.1 | 22.2 | 20.4 | 20.0 | 19.7 | 17.9 | 21.3 | 20.1 |
| Gross profit | 8.0 | 2.0 | 2.5 | 1.1 | 2.3 | 0.0 | 1.4 | 3.0 | 1.1 |
| Operating profit | 7.8 | 3.1 | 2.2 | 1.2 | 1.3 | (0.9) | 0.7 | 2.7 | 0.5 |
| Profit after tax | 1.0 | 1.3 | 0.4 | (0.4) | (0.2) | (2.4) | (0.8) | 2.1 | (0.7) |
| Profit attributable to shareholders | 1.0 | 1.3 | 0.4 | (0.4) | (0.2) | (2.4) | (0.8) | 2.1 | (0.7) |
| EPS – basic (Rs) Rs | 1.06 | 1.38 | 0.41 | (0.49) | (0.24) | (2.65) | (0.91) | 2.34 | (0.77) |
| Dividend per share (Rs) Rs | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total assets | 118.2 | 118.2 | 117.3 | 117.3 | 100.5 | 101.1 | 105.1 | 100.9 | 97.2 |
| Total equity | 25.7 | 25.7 | 24.5 | 24.2 | 24.7 | 25.0 | 27.4 | 28.3 | 26.2 |
| Total debt | 60.0 | 60.0 | 55.7 | 56.4 | 44.4 | 43.2 | 46.6 | 43.5 | 40.9 |
| Net cash from operating activities | 0.6 | (6.2) | (2.5) | 7.6 | 1.7 | 4.4 | (1.9) | 0.1 | (2.1) |
| Capital expenditure | (3.5) | (0.6) | (1.7) | (0.7) | (0.5) | (0.5) | (1.7) | (2.1) | (1.0) |
| Free cash flow (operating cash flow − capex) | (2.9) | (6.8) | (4.2) | 6.9 | 1.2 | 3.8 | (3.6) | (1.9) | (3.2) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. Updated 16 Oct 2026.