October 22, 2025 (MLN): Habib Rice Product Limited (PSX: HRPL) has reported its financial results for the first quarter ended September 30, 2025 (1QFY25), reporting a net loss of Rs18.36 million, down 68.1% from a loss of Rs57.63m in the same period last year (SPLY).

The company’s loss per share (LPS) stood at Rs0.46, compared to Rs1.44 in SPLY.

During the quarter, net sales increased 11.5% year-on-year to Rs497.96m, compared to Rs446.46m last year, supported by higher product offtake.

However, cost of sales rose 2.8% to Rs454.12m, resulting in a significant improvement in gross profit, which jumped 854.4% to Rs43.84m, from Rs4.59m in the same period last year.

Distribution costs decreased 10.5% to Rs20.55m, while administrative expenses also declined 5.6% to Rs33.89m. The company recorded other expenses of Rs0.73m, compared to none in the prior year.

Meanwhile, other income dropped sharply by 92.5% to Rs0.22m, down from Rs2.94m in SPLY. Finance costs, however, surged 144.2% year-on-year to Rs1.12m, showing higher borrowing costs.

As a result, loss before levies and income tax narrowed 76.4% to Rs12.22m, compared to Rs51.77m in the same quarter last year.

After accounting for levies of Rs6.14m, the pre-tax loss stood at Rs18.36m, marking a 67.9% reduction from Rs57.16m previously.