Pakistan International Bulk Terminal Limited
By PSX Investors Zone · Updated October 20, 2026
Pakistan International Bulk Terminal Limited (PIBTL) is a Pakistan Stock Exchange-listed port infrastructure company operating a bulk cargo terminal at Port Qasim, Karachi. Under a 30-year Build-Operate-Transfer agreement with Port Qasim Authority, the company provides terminal facilities for cargo such as coal and clinker/cement. In FY2026, PIBTL reported sales of approximately Rs. 16.39 billion and profit after tax of Rs. 3.37 billion, following a loss in FY2025. Investors should review cargo volumes, terminal utilisation, operating costs, cash flows, concession obligations and the latest Shariah-screening status.
Company Overview
Pakistan International Bulk Terminal Limited (PIBTL) is a listed port infrastructure company operating a bulk cargo terminal at Port Mohammad Bin Qasim, Karachi. It was incorporated on March 22, 2010.
On November 6, 2010, PIBTL entered into a 30-year Build-Operate-Transfer (BOT) contract with Port Qasim Authority for the construction, development, operation and management of a terminal handling coal and clinker/cement. Under the concession arrangement, the concession assets are to be transferred to Port Qasim Authority at the end of the contract.
Official references: PSX company profile | PIBT official website
Business Model
PIBTL operates terminal infrastructure used to handle bulk cargo arriving at or departing from Port Qasim. Its business performance may depend on cargo volumes, terminal utilisation, port activity, customer demand, operating efficiency and the mix of cargo handled.
The company's long-term concession structure is important when assessing the business. Investors should examine the concession agreement disclosures, operating obligations, maintenance expenditure and the eventual transfer of concession assets.
Annual Financial Performance
The following figures are displayed in the PSX financial profile. Amounts are in Pakistani rupees.
| Financial metric | FY2026 | FY2025 |
|---|---|---|
| Sales | Rs. 16.388 billion | Rs. 9.969 billion |
| Profit after tax | Rs. 3.373 billion | Loss of Rs. 257.93 million |
| Earnings per share (EPS) | Rs. 1.89 | -Rs. 0.14 |
| Gross profit margin | 33.26% | 20.66% |
| Net profit margin | 20.58% | -2.59% |
PIBTL's reported sales rose by approximately 64.4% in FY2026 compared with FY2025, while the company moved from a reported annual loss to a profit. The reported margins also improved. Investors should consult the audited annual report to understand the factors behind the improvement and determine whether it is sustainable.
Sources: Official PSX financial profile | PIBT Annual Report 2026 and financial statements.
Latest Market Information
The PSX profile displayed the following figures on October 20, 2026:
| Market metric | Displayed value |
|---|---|
| Share price | Rs. 13.19 |
| Trailing P/E ratio | 6.98 |
| 52-week price range | Rs. 12.91–22.97 |
| Market capitalisation | Approximately Rs. 23.56 billion |
| Shares outstanding | Approximately 1.786 billion |
| Free float | 50% |
These figures are time-sensitive. Refresh the official PSX quote before publication or updating this page.
The P/E ratio compares the share price with earnings per share. A low P/E ratio does not by itself establish that a stock is undervalued. Investors should consider earnings sustainability, cash flows, debt, capital expenditure, concession obligations and business risks.
Source: Official PSX PIBTL quote and profile.
Dividend Information
Check the latest official PSX payout and company-announcement records before listing a dividend amount or payment date. No dividend amount is stated here without a verified current announcement.
Source: PIBTL announcements and payouts on PSX.
Shariah Compliance Status
PIBTL was listed as Shariah-compliant in the PSX screening notice published on May 15, 2026, based on financial accounts to December 31, 2025.
The notice reported these screening ratios:
| Screening measure | Reported ratio |
|---|---|
| Debt ratio | 11.88% |
| Non-compliant investments ratio | 0.00% |
| Non-compliant income ratio | 0.27% |
| Illiquid assets ratio | 70.27% |
Source: PSX Shariah screening notice.
Important: This result relates to the stated reporting period and screening notice. Shariah screening methodology and eligibility can change. Verify the latest official PSX/KMI list and any subsequent company disclosures before relying on this status for investment decisions.
Key Business Risks
- Cargo-volume risk: Changes in coal, clinker and other relevant bulk cargo flows can affect terminal activity.
- Customer and industry exposure: Demand may depend on the operating conditions of cargo importers and related industries.
- Operating-cost risk: Energy, maintenance, labour and equipment costs may affect profitability.
- Concession risk: PIBTL operates under a long-term BOT contract with specific obligations and an eventual transfer of concession assets.
- Capital expenditure: Terminal infrastructure requires maintenance and may need additional investment.
- Earnings volatility: FY2025 and FY2026 results show that profitability can change substantially between years.
- Share-price risk: Market prices may fluctuate independently of reported earnings.
- Shariah status: Eligibility must be checked against the latest official screening list.
Investor Research Checklist
Before researching PIBTL, investors can review:
- The latest audited annual report and quarterly financial statements.
- Cargo volumes, terminal utilisation and operating performance.
- Operating cash flow, borrowings, finance costs and capital expenditure.
- The BOT concession agreement and related obligations.
- Official dividend announcements and payout history.
- The latest Shariah screening notice.
- Current PSX disclosures and material company announcements.
Official References
- Pakistan Stock Exchange — PIBTL profile, financials and announcements
- PIBT — official financial statements and annual reports
- PIBT — official website
- PSX Shariah screening notice, May 15, 2026
Disclaimer
This profile is for educational and informational purposes only. It is not a recommendation to buy or sell PIBTL shares and does not promise returns. Financial performance, market prices, dividends, risk factors and Shariah status may change. Review the latest official disclosures before making investment decisions.
This profile is for educational purposes and is not a recommendation to buy or sell any security.