PIA holding’s half-year loss widens 76% to Rs25bn
PIA Holding Company Limited (PSX: PIAHCLA) recorded a 76% increase in its consolidated net loss for the half year ended June 30, 2025, with net loss for the period widening to Rs25.39bn from Rs14.43bn in the corresponding period last year. Showing this deterioration, loss per share attributable to A class ordinary shares of Rs10 each widened to Rs4.85 from Rs2.78 in 1HCY24, while loss per share attributable to B class ordinary shares of Rs5 each widened to Rs2.43 from Rs1.39. The top-line underwent a dramatic structural change. Net revenue declined 89% to Rs25.71bn from Rs239.65bn in the prior period a contraction that shows the fundamental restructuring of the company's operations. In the prior period, aircraft fuel costs of Rs75.59bn and other costs of Rs112.33bn were recorded as direct deductions, totaling Rs187.92bn in cost subtotals against the prior period revenue.