AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: Pakistan International Bulk Terminal (PIBTL) reported a significant decrease in its financial performance for the fiscal year 2025, as disclosed during an analyst briefing. The company’s topline dropped to PKR 10.0 billion, marking a 28% year-on-year decline compared to the previous year’s PKR 13.9 billion. The downturn was largely attributed to a reduction in cargo volumes, which fell by 25% to 4.79 million tons.
PIBTL’s management explained that the decline in volumes was primarily due to a temporary suspension of operations following a fire incident at the terminal during the second quarter of FY25. The fire caused damage to a segment of the terminal’s infrastructure, severely impacting cargo handling activities.
In response to the incident, the company resorted to manual cargo handling and established temporary vessel handling arrangements at the Marginal Wharf to mitigate the disruption. Additionally, a broader decline in seaborne coal imports further exacerbated the company’s challenges.
The analyst briefing, organized by AKD Securities Limited, aimed to provide clarity on the company’s financial results for FY25 and the first quarter of FY26. It also offered insights into PIBTL’s future outlook as it navigates through the operational challenges posed by recent events.