Karachi: Engro Polymer & Chemicals Ltd. (EPCL) announced a notable financial turnaround in the first half of the calendar year 2026, reporting a profit of PkR1.6 billion compared to a loss of PkR3.2 billion in the same period last year. The company attributes this improvement to several factors, including increased global PVC prices and strategic financial adjustments.

According to AKD Securities Limited, the company's revenue increased due to rising global PVC prices, along with a significant gain of PkR1.3 billion from the remeasurement of a SIDC provision and an increase in short-term investments. Additionally, the company's tax expenses were reduced owing to deferred tax liability adjustments following a reduction in the super tax rate.

The company's margins also benefited from recent changes in the gas levy formula by the Government of Pakistan, which resulted in a reduction of rates from PkR1,406 per mmbtu in January 2026 to PkR365 per mmbtu in May 2026. Furthermore, since April 2026, EPCL has not incurred costs related to Regasified Liquefied Natural Gas (RLNG).