External broker reports(aggregated public sources), Topline Securities

Topline Securities

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External broker reports(aggregated public sources)

Thematic (Sector/Industry)

Pakistan Consumer staples distribution and retail / Thematic (Sector/Industry)

<ul><li>Pakistan consumer companies (Staples, Pharmaceuticals and Discretionary) listed at PSX, recorded increase in profits by 22% QoQ while YoY profits remained flat in 4Q2025.</li><li>Among the sectors, Pharmaceuticals reported the highest growth, reaching Rs12bn in 4Q2025 (+56% YoY; +40% QoQ), followed by Discretionary (+36% YoY; +9% QoQ) and Staples (+1% YoY; -19% QoQ).</li><li>On a full-year basis, Pharmaceuticals profitability surged 79% YoY to Rs36bn, Discretionary companies were up 35% YoY to Rs98bn, while Staples grew 13% YoY to Rs110bn.</li></ul>

Pakistan consumer companies (Staples, Pharmaceuticals and Discretionary) listed at PSX, recorded increase in profits by 22% QoQ while YoY profits remained flat in 4Q2025.Among the sectors, Pharmaceuticals reported the highest growth, reaching Rs12bn in 4Q2025 (+56% YoY; +40% QoQ), followed by Discretionary (+36% YoY; +9% QoQ) and Staples (+1% YoY; -19% QoQ).On a full-year basis, Pharmaceuticals profitability surged 79% YoY to Rs36bn, Discretionary companies were up 35% YoY to Rs98bn, while Staples grew 13% YoY to Rs110bn.

Pakistan Consumer - Listed Consumer Sector Profitability Up 28% YoY In 2025; Pharma Recorded Highest Growth, Followed By Discretionary