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PPP Pakistan Paper Products Limited

Latest results: FY2026 · Jun 2026

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Last close · 16 Oct 2026

Rs 138.99 -5.38%

Annual · FY2012 – FY2026

Pakistan Paper Products Limited (PPP) balance sheet

At the end of FY2026 (Jul 2025 – Jun 2026) Pakistan Paper Products Limited had total assets of Rs 2.4 bn, up 6.4% on FY2025. Current assets of Rs 1.0 bn covered current liabilities of Rs 393.6 mn 2.60 times. Total debt was Rs 232.1 mn, net debt Rs 227.0 mn. Shareholders' equity was Rs 1.9 bn (Rs 234.31 per share), 78.5% of total assets.

PPP balance sheet (annual) (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
Assets
Cash & short-term investments 5.0 5.6 7.1 5.2 6.1
Trade receivables 403.3 304.2 346.7 340.1 255.9
Inventories 403.3 397.0 366.0 410.3 307.2
Other current assets 7.8 7.9 0.4 6.3 18.4
Total current assets 1,023.0 870.8 825.9 891.8 705.9
Property, plant & equipment 1,363.4 1,371.7 1,313.7 864.1 893.3
Intangible assets 0.0 0.0 0.1 0.2 0.4
Other non-current assets 2.1 2.0 1.7 1.2 1.1
Total non-current assets 1,365.5 1,373.7 1,315.4 865.5 894.8
Total assets 2,388.5 2,244.5 2,141.3 1,757.4 1,600.6
Liabilities
Trade payables 192.8 200.1 130.6 231.8 190.8
Short-term borrowings & current portion of debt 186.7 124.6 164.4 245.2 196.9
Total current liabilities 393.6 338.4 336.0 488.3 397.7
Long-term debt 45.3 72.1 65.7 91.2 116.3
Other non-current liabilities 29.5 25.8 23.1 23.0 26.5
Total non-current liabilities 120.4 155.4 144.0 161.6 186.3
Total liabilities 514.0 493.8 480.0 649.9 584.1
Equity
Share capital 80.0 80.0 80.0 80.0 80.0
Reserves & retained earnings 1,794.5 1,670.7 1,581.3 1,027.5 936.6
Equity attributable to shareholders 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Non-controlling interest 0.0 0.0 0.0 0.0 0.0
Total equity 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Total liabilities & equity 2,388.5 2,244.5 2,141.3 1,757.4 1,600.6
Key figures
Total debt 232.1 196.8 230.1 336.4 313.2
Net debt / (net cash) 227.0 191.2 223.0 331.2 307.1
Shares outstanding mn 8.0 8.0 8.0 8.0 8.0
Common equity 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Book value per share (Rs) Rs 234.31 218.84 207.67 138.43 127.07
PPP balance sheet — 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
Assets
Cash & short-term investments -10.2% -21.2% +38.3% -16.1% +29.9%
Trade receivables +32.6% -12.3% +2.0% +32.9% +21.0%
Inventories +1.6% +8.5% -10.8% +33.6% +14.6%
Other current assets -0.9% +1,899.5% -93.8% -65.8% +593.0%
Total current assets +17.5% +5.4% -7.4% +26.3% +19.0%
Property, plant & equipment -0.6% +4.4% +52.0% -3.3% +11.3%
Intangible assets — -100.0% -60.0% -37.5% -27.3%
Other non-current assets +4.5% +18.8% +36.7% +7.9% +18.6%
Total non-current assets -0.6% +4.4% +52.0% -3.3% +11.3%
Total assets +6.4% +4.8% +21.8% +9.8% +14.6%
Liabilities
Trade payables -3.6% +53.2% -43.7% +21.5% +36.9%
Short-term borrowings & current portion of debt +49.8% -24.2% -33.0% +24.5% +60.4%
Total current liabilities +16.3% +0.7% -31.2% +22.8% +47.0%
Long-term debt -37.2% +9.8% -27.9% -21.6% +99.9%
Other non-current liabilities +14.5% +11.4% +0.7% -13.3% -3.3%
Total non-current liabilities -22.5% +7.9% -10.9% -13.3% +46.1%
Total liabilities +4.1% +2.9% -26.1% +11.3% +46.7%
Equity
Share capital 0.0% 0.0% 0.0% 0.0% 0.0%
Reserves & retained earnings +7.4% +5.7% +53.9% +9.7% +1.9%
Equity attributable to shareholders +7.1% +5.4% +50.0% +8.9% +1.8%
Non-controlling interest — — — — —
Total equity +7.1% +5.4% +50.0% +8.9% +1.8%
Total liabilities & equity +6.4% +4.8% +21.8% +9.8% +14.6%
Key figures
Total debt +17.9% -14.5% -31.6% +7.4% +73.1%
Net debt / (net cash) +18.8% -14.3% -32.7% +7.9% +74.3%
Shares outstanding — — — — —
Common equity +7.1% +5.4% +50.0% +8.9% +1.8%
Book value per share (Rs) +7.1% +5.4% +50.0% +8.9% +1.8%

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

PPP balance sheet — 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
Assets
Cash & short-term investments 0.2% 0.3% 0.3% 0.3% 0.4%
Trade receivables 16.9% 13.6% 16.2% 19.4% 16.0%
Inventories 16.9% 17.7% 17.1% 23.3% 19.2%
Other current assets 0.3% 0.4% 0.0% 0.4% 1.2%
Total current assets 42.8% 38.8% 38.6% 50.7% 44.1%
Property, plant & equipment 57.1% 61.1% 61.3% 49.2% 55.8%
Intangible assets 0.0% 0.0% 0.0% 0.0% 0.0%
Other non-current assets 0.1% 0.1% 0.1% 0.1% 0.1%
Total non-current assets 57.2% 61.2% 61.4% 49.3% 55.9%
Total assets 100.0% 100.0% 100.0% 100.0% 100.0%
Liabilities
Trade payables 8.1% 8.9% 6.1% 13.2% 11.9%
Short-term borrowings & current portion of debt 7.8% 5.6% 7.7% 14.0% 12.3%
Total current liabilities 16.5% 15.1% 15.7% 27.8% 24.8%
Long-term debt 1.9% 3.2% 3.1% 5.2% 7.3%
Other non-current liabilities 1.2% 1.1% 1.1% 1.3% 1.7%
Total non-current liabilities 5.0% 6.9% 6.7% 9.2% 11.6%
Total liabilities 21.5% 22.0% 22.4% 37.0% 36.5%
Equity
Share capital 3.3% 3.6% 3.7% 4.6% 5.0%
Reserves & retained earnings 75.1% 74.4% 73.8% 58.5% 58.5%
Equity attributable to shareholders 78.5% 78.0% 77.6% 63.0% 63.5%
Non-controlling interest 0.0% 0.0% 0.0% 0.0% 0.0%
Total equity 78.5% 78.0% 77.6% 63.0% 63.5%
Total liabilities & equity 100.0% 100.0% 100.0% 100.0% 100.0%
Key figures
Total debt 9.7% 8.8% 10.7% 19.1% 19.6%
Net debt / (net cash) 9.5% 8.5% 10.4% 18.8% 19.2%
Common equity 78.5% 78.0% 77.6% 63.0% 63.5%

Each line as a percentage of total assets.

Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets; "—" = not reported. Updated 15 Oct 2026.

All reported line items 115
PPP balance sheet — all reported line items (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
Cash & Cash Equivalents 5.0 5.6 7.1 5.2 6.1
Cash & Short Term Investments 5.0 5.6 7.1 5.2 6.1
Short-Term Investments - Total — — — — —
Loans & Receivables - Net - Short-Term 606.9 460.3 452.3 470.1 374.1
Loans & Receivables - Total 606.9 460.3 452.3 470.1 374.1
Trade Accounts & Trade Notes Receivable - Net 403.3 304.2 346.7 340.1 255.9
Receivables - Other - Total 203.5 156.1 105.6 130.0 118.2
Inventories - Total 403.3 397.0 366.0 410.3 307.2
Inventories - Raw Materials 8.1 9.0 10.0 8.3 8.4
Inventories - Other - Total 395.2 387.9 356.0 401.9 298.7
Prepaid Expenses - Short-Term — — — — —
Investments - Total — — — — —
Other Current Assets - Total 7.8 7.9 0.4 6.3 18.4
Property, Plant & Equipment - Net - Total 1,363.4 1,371.7 1,313.7 864.1 893.3
Other Current Assets 7.8 7.9 0.4 6.3 18.4
Other Assets - Total 9.9 9.8 2.1 7.5 19.6
Intangible Assets - Total - Net 0.0 0.0 0.1 0.2 0.4
Total Current Assets 1,023.0 870.8 825.9 891.8 705.9
Intangible Assets - excluding Goodwill - Net - Total 0.0 0.0 0.1 0.2 0.4
Computer Software - Intangible Assets - Net 0.0 0.0 0.1 0.2 0.4
Property, Plant & Equipment - excluding Assets Leased Out - Net - Total — — — — —
Construction in Progress - Net — — — — —
Property, Plant & Equipment - Other - Net — — — — —
Total Assets 2,388.5 2,244.5 2,141.3 1,757.4 1,600.6
Debt - Total 232.1 196.8 230.1 336.4 313.2
Short-Term Debt & Current Portion of Long-Term Debt 186.7 124.6 164.4 245.2 196.9
Current Portion of Long-Term Debt including Capitalized Leases 28.7 38.9 26.6 26.6 33.6
Short-Term Debt & Notes Payable 158.0 85.7 137.8 218.6 163.3
Debt - Long-Term - Total 45.3 72.1 65.7 91.2 116.3
Current Portion of Long-Term Debt excluding Capitalized Leases 28.7 38.9 26.6 26.6 33.6
Long-Term Debt excluding Capitalized Leases 45.3 72.1 65.7 91.2 116.3
Other Non-Current Assets - Total 2.1 2.0 1.7 1.2 1.1
Debt - Non-Convertible - Long-Term 45.3 72.1 65.7 91.2 116.3
Dividends Payable 14.1 12.6 12.3 10.0 10.0
Deferred Tax & Investment Tax Credits - Long-Term 45.6 57.5 55.1 47.4 43.5
Deferred Tax - Liability - Long-Term 45.6 57.5 55.1 47.4 43.5
Payables & Accrued Expenses 192.8 200.1 158.2 231.8 190.8
Trade Account Payables - Total 192.8 200.1 130.6 231.8 190.8
Other Non-Current Assets 2.1 2.0 1.7 1.2 1.1
Accrued Expenses — 0.0 27.6 — —
Total Liabilities 514.0 493.8 480.0 649.9 584.1
Shareholders' Equity - Attributable to Parent Shareholders - Total 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Total Non-Current Assets 1,365.5 1,373.7 1,315.4 865.5 894.8
Common Equity Attributable to Parent Shareholders 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Common Equity - Contributed 80.0 80.0 80.0 80.0 80.0
Common Stock - Issued & Paid 80.0 80.0 80.0 80.0 80.0
Equity - Non-Contributed - Reserves & Retained Earnings 1,794.5 1,670.7 1,581.3 1,027.5 936.6
Retained Earnings - Total 845.9 717.9 621.9 522.6 429.2
Trade Accounts Payable & Accruals - Short-Term 192.8 200.1 158.2 231.8 190.8
Comprehensive Income - Accumulated - Total 948.5 952.9 959.4 504.8 507.4
Trade Accounts & Trade Notes Payable - Short-Term 192.8 200.1 130.6 231.8 190.8
Accrued Expenses - Short-Term — 0.0 27.6 — —
Dividends/Distributions Payable 14.1 12.6 12.3 10.0 10.0
Other Current Liabilities - Total — 1.0 1.1 1.3 —
Common Equity - Total 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Deferred Income - Short-Term — 1.0 1.1 1.3 —
Total Shareholders' Equity - including Minority Interest & Hybrid Debt 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Total Liabilities & Equity 2,388.5 2,244.5 2,141.3 1,757.4 1,600.6
Revaluation Reserves 948.5 952.9 959.4 504.8 507.4
Total Current Liabilities 393.6 338.4 336.0 488.3 397.7
Other Non-Current Liabilities - Total 29.5 25.8 23.1 23.0 26.5
Provisions - Long-Term 28.2 23.6 19.9 18.6 19.2
Post Employment Benefits - Pension & Other - Long-Term 28.2 23.6 19.9 18.6 19.2
Deferred Revenue - Long-Term 1.3 2.2 3.2 4.3 7.2
Total Non-Current Liabilities 120.4 155.4 144.0 161.6 186.3
Common Shares - Issued - Total mn 8.0 8.0 8.0 8.0 8.0
Common Shares - Outstanding - Total mn 8.0 8.0 8.0 8.0 8.0
Common Shares - Treasury - Total mn 0.0 0.0 0.0 0.0 0.0
Common Shares - Authorized - Issue Specific mn 15.0 15.0 15.0 15.0 15.0
Common Shares - Issued - Issue Specific mn 8.0 8.0 8.0 8.0 8.0
Common Shares - Outstanding - Issue Specific mn 8.0 8.0 8.0 8.0 8.0
Common Shares - Treasury - Issue Specific mn 0.0 0.0 0.0 0.0 0.0
Asset Allocation Factor - Issue Specific 1.00× 1.00× 1.00× 1.00× 1.00×
Debt including Finance and Operating Lease Liabilities - Supplemental 232.1 196.8 230.1 336.4 313.2
Net Debt 227.0 191.2 223.0 331.2 307.1
Debt - Long-Term - Maturities - Total — — — — —
Debt - Long-Term - Maturities - within 1 Year — — — — —
Debt - Long-Term - Maturities - Year 2 — — — — —
Debt - Long-Term - Maturities - Year 5 — — — — —
Debt - Long-Term - Maturities - 2-3 Years — — — — —
Debt - Long-Term - Maturities - 4-5 Years — — — — —
Asset Accruals 2,383.5 2,238.9 2,134.2 1,752.2 1,594.5
Cash & Cash Equivalents - Total 5.0 5.6 7.1 5.2 6.1
Cash & Short Term Investments - Total 5.0 5.6 7.1 5.2 6.1
Debt - including Preferred Equity & Minority Interest - Total 232.1 196.8 230.1 336.4 313.2
Net Book Capital 2,101.5 1,941.9 1,884.3 1,438.7 1,323.6
Net Operating Assets 2,101.5 1,941.9 1,884.3 1,438.7 1,323.6
Provisions - Total 73.8 81.1 75.1 66.0 62.8
Shareholders Equity - Common 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Tangible Total Equity 1,874.5 1,750.7 1,661.2 1,107.2 1,016.2
Tangible Book Value 1,874.5 1,750.7 1,661.2 1,107.2 1,016.2
Total Book Capital 2,106.5 1,947.5 1,891.4 1,443.9 1,329.8
Total Capital 2,106.5 1,947.5 1,891.4 1,443.9 1,329.8
Total Long Term Capital 1,994.9 1,906.1 1,805.3 1,269.0 1,202.9
Unearned Revenue - Total 1.3 3.2 4.3 5.6 7.2
Book Value excluding Other Equity 1,874.5 1,750.7 1,661.3 1,107.5 1,016.6
Accruals - Short-Term 624.4 526.8 482.8 398.3 302.0
Cash & Short Term Investments - Net of Debt (227.0) (191.2) (223.0) (331.2) (307.1)
Current Portion of Long-Term Debt including Capitalized Leases & Hybrid Financial Instruments 28.7 38.9 26.6 26.6 33.6
Total Fixed Assets - Net 1,365.5 1,373.7 1,315.4 865.5 894.8
Working Capital 629.4 532.4 489.9 403.5 308.1
Interest Bearing Liabilities - Total 232.1 196.8 230.1 336.4 313.2
Working Capital - Non-Cash 624.4 526.8 482.8 398.3 302.0
Working Capital excluding Other Current Assets & Liabilities 621.6 525.6 490.6 398.5 289.7
Net Debt Including Preferred Equity & Minority Interest 227.0 191.2 223.0 331.2 307.1
Other Short-Term & Long-Term Assets - Total 9.9 9.8 2.1 7.5 19.6
Other Short-Term & Long-Term Liabilities - Total — 1.0 1.1 1.3 —
Total Current Assets excluding Total Inventories 619.7 473.8 459.9 481.5 398.7
Tangible Book Value excluding Other Equity 1,874.5 1,750.7 1,661.2 1,107.2 1,016.2
Total Debt Excluding Islamic 232.1 196.8 230.1 336.4 313.2
Trade Accounts & Trade Notes Receivable - Net - Total 403.3 304.2 346.7 340.1 255.9
Current Liabilities excluding Current Debt - Total 206.9 213.8 171.6 243.2 200.8
Cash in Hand & with Banks - Total 5.0 5.6 7.1 5.2 6.1
Current Assets excluding Cash & Short Term Investments - Total 1,018.0 865.2 818.8 886.7 699.7
Cash, Short Term Investments & Accounts Receivable - Total 408.4 309.8 353.9 345.2 262.0

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