Karachi: Engro Holdings Ltd. (ENGROH) reported a significant increase in its consolidated earnings for the calendar year 2025, attributed primarily to the reclassification of its energy portfolio as continued operations. According to AKD Securities Limited, the company announced earnings of PKR 55.6 billion, equivalent to earnings per share of PKR 46.2, marking a 2.5-fold increase from the previous year's earnings of PKR 21.8 billion (EPS: PKR 18.1). The reclassification accounted for PKR 26.6 billion of the earnings, while recurring earnings stood at PKR 29.1 billion (EPS: PKR 24.1).
During the analyst briefing, Engro Holdings' management indicated that significant payouts to shareholders are expected to remain constrained until December 2026. The company is retaining its profits to finance the acquisition of Deodar Pvt. Ltd., which involves Jazz's tower portfolio.
The briefing also highlighted an increase in the company's connectivity site count, which rose to 15,012 by the end of 2025, up from 4,143 towers in the previous year. This growth follows the integration of Deodar into Engro Connect as of June 3, 2025. The current tenancy ratio for Entrashare sites is approximately 1.25x, while Deodar's stands at around 1.3x. The management has set a target to increase the tenancy ratio to between 1.8x and 1.9x over the next five to six years.
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