Pakistan International Bulk Terminal Limited (PIBTL) hosted an analyst briefing yesterday to discuss its financial performance for FY25 and the first quarter of FY26, revealing a substantial year-over-year decline in revenue. According to AKD Research’s presentation, PIBTL’s topline revenue fell to PKR 10.0 billion in FY25, down 28% from PKR 13.9 billion in the same period last year.

The company attributed this decline primarily to a drop in operational volumes, which fell to 4.79 million tons, a 25% decrease from the previous year. Management cited a temporary suspension of operations following a fire incident at the terminal during the second quarter of FY25 as a key factor behind the reduced volumes. This incident not only damaged a portion of the terminal’s infrastructure but also disrupted cargo handling activities.

In the wake of the fire, PIBTL adapted by implementing manual cargo-handling procedures and establishing temporary vessel-handling arrangements at the Marginal Wharf to continue operations. The broader slowdown in seaborne coal imports also contributed to the challenging environment the company faced.

As PIBTL navigates these hurdles, stakeholders are keenly awaiting further updates regarding the company’s recovery strategies and future outlook.

For more details, refer to the full report by AKD Research [here](https://research.akdsl.com/638990807914193128.pdf).: