# Pakistan National Shipping Reports Rs.59.5 Billion Revenue and Rs.21.5 Billion Net Profit for 2026 > Pakistan National Shipping reported 2026 revenue of Rs.59.5 billion and net profit of Rs.21.5 billion. - Published: 2026-11-05T00:50:33+00:00 - Section: Earnings & Results - Author: News Desk - URL: https://newsforagent.com/news/2026-11-05/pakistan-national-shipping-2026-profit - Source: [Business Recorder](https://www.brecorder.com/news/40447474/pakistan-national-shipping-corporation) ## Key takeaways - Pakistan National Shipping reported 2026 revenue of Rs.59.5 billion and net profit of Rs.21.5 billion. - The company acquired three new vessels and ordered a container ship from Karachi Shipyard & Engineering Works. - The ECC and Federal Cabinet approved a proposal for National Logistics Corporation to acquire a 29.5 percent stake in the company with transfer of management control. [Pakistan National Shipping](https://akta.pro/company-profiles/0006x3v/pakistan-national-shipping) Corporation reported 2026 revenue of Rs.59.5 billion and net profit of Rs.21.5 billion, with operating profit up 7.81 percent, [Business Recorder](https://www.brecorder.com/news/40447474/pakistan-national-shipping-corporation) reported on November 5, 2026. The national carrier, which moves dry bulk and liquid cargoes and operates under the Ministry of Maritime Affairs, also disclosed fleet additions and a government-led stake proposal. ## Pakistan National Shipping's 2026 Results and Fleet Additions Revenue rose 58.21 percent to Rs.59,547.449 million, with freight revenue the largest contributor followed by add-war risk income. Dry cargo revenue increased 10 percent while the liquid cargo segment grew 59 percent. The company carried 13.18 million tons of cargo, up 20.37 percent year-on-year. Gross profit strengthened 91.77 percent and the gross margin climbed to 36.12 percent. Operating profit rose 7.81 percent while the operating margin fell to 42.93 percent. Finance cost spiked 437.63 percent on greater outstanding liabilities from fleet expansion. Net profit improved 5.37 percent to Rs.21,546.96 million, giving earnings per share of Rs.108.77 and a net margin of 36.18 percent. Pakistan National Shipping acquired three new vessels from the international market during the year and placed an order for a new container vessel locally with Karachi Shipyard & Engineering Works. Total expense rose 43.97 percent, including a 44.35 percent increase in fleet expense, while real estate expense fell 14.35 percent. The workforce was reduced from 636 employees in 2025 to 620 in 2026. In the first quarter of the current fiscal year, revenue grew 107.37 percent to Rs.21,290.184 million and net profit rose 164.71 percent to Rs.9,833.336 million. Earnings per share were Rs.49.64 against Rs.18.75 a year earlier. ## National Logistics Corporation's Proposed 29.5 Percent Stake According to akta.pro [company records](https://akta.pro/company-data), the Prime Minister approved National Logistics Corporation's acquisition of a 30 percent stake in Pakistan National Shipping in February 2026, including transfer of management control and consolidation rights. The report states that the Ministry of Maritime Affairs proposed a 29.5 percent acquisition by [National Logistics Corporation](https://akta.pro/company-profiles/003wh8h/national-logistics-corporation) along with transfer of management control, and that the ECC and Federal Cabinet approved the proposal. The same records show a June 2026 memorandum of understanding with Saudi Arabia's Najd Gateway Holding and Karachi Port Trust to develop a 140-acre maritime business district at Karachi Port, targeting a 50 percent expansion of the fleet. The records list a managed fleet of 10 vessels with 724,643 deadweight tons. ## What Follows the Cabinet Approval The report states that the acquisition is intended to integrate Pakistan's shipping and land-based logistics operations and would support operational coordination, fleet expansion and modernization, and higher cargo volumes and revenue. The company's long-term outlook rests on fleet expansion, rising shipping volumes and Pakistan's growing participation in seaborne trade, with international freight rate volatility and higher finance cost listed as key risks. ## Companies in this story - [Pakistan National Shipping company profile](https://akta.pro/company-profiles/0006x3v/pakistan-national-shipping) · website: https://www.pnsc.com.pk - [National Logistics Corporation company profile](https://akta.pro/company-profiles/003wh8h/national-logistics-corporation) · website: https://www.nlc.com.pk --- News for Agent · https://newsforagent.com/llms.txt