October 24, 2025 (MLN): Pakistan Tobacco Company Limited (PSX: PAKT) reported a profit after tax of Rs24.52bn for the nine months ended September 30, 2025, up 23.1% from Rs19.91bn in the corresponding period last year.
Earnings per share increased 23.1% to Rs95.96 compared to Rs77.95 in 9MFY24.
The company declared dividend at Rs20 per share.
Domestic turnover rose 3% year-on-year to Rs263.09bn from Rs255.54bn, while export turnover surged 71.6% to Rs11.80bn from Rs6.88bn, driving overall revenue growth.
Gross turnover increased 4.8% to Rs274.89bn from Rs262.42bn.
Excise duties declined 2.7% to Rs130.28bn from Rs133.87bn, while sales tax rose 4.0% to Rs42.06bn from Rs40.43bn.
Net turnover grew 16.4% to Rs102.55bn from Rs88.12bn in 9MFY24. Cost of sales increased 8.8% to Rs50.13bn from Rs46.06bn.
Gross profit surged 24.6% to Rs52.42bn against Rs42.06bn in 9MFY24, with the gross margin improving significantly to 51.1% from 47.7% in the prior year period, indicating strong operational efficiency and pricing power.
Selling and distribution costs declined 1.9% to Rs5.01bn, while administrative expenses rose 7.1% to Rs4.17bn. Other expenses increased 33.2% to Rs3.12bn from Rs2.34bn last year. Other income surged 2.5 times to Rs332.9m from Rs135.0m in 9MFY24.
Total expenses and income (net) increased 6.8% to Rs11.96bn from Rs11.20bn last year.
The company recorded an operating profit of Rs40.46bn, up 31.1% from Rs30.86bn in 9MFY24.
Finance income declined 71.4% to Rs1.69bn from Rs5.90bn in the previous year. Finance costs decreased 48.4% to Rs590.8m from Rs1.15bn last year.
Net finance income dropped 77% to Rs1.09bn from Rs4.75bn in 9MFY24.
Profit before income tax stood at Rs41.56bn, up 16.7% from Rs35.62bn in 9MFY24.
Income tax expense increased 8.5% to Rs17.04bn from Rs15.70bn in the prior period.
The company concluded 9MFY25 with a net profit of Rs24.52bn, delivering a net profit margin of 23.9% compared to 22.6% in 9MFY24.
The strong profit growth was driven by robust export performance, improved gross margins, and enhanced operating efficiency, though partially offset by significantly lower net finance income.
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STATEMENT OF PROFIT OR LOSS FOR THE NINE MONTH ENDED SEPTEMBER 30, 2025 (Rs.000) |
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|
Description |
9MFY25 |
9MFY24 |
change% |
|
Domestic turnover |
263,089,123 |
255,544,869 |
3.0% |
|
Export turnover |
11,803,196 |
6,877,990 |
71.6% |
|
Gross turnover |
274,892,319 |
262,422,859 |
4.8% |
|
Excise duties |
(130,280,153) |
(133,873,541) |
-2.7% |
|
Sales tax |
(42,064,030) |
(40,430,215) |
4.0% |
|
Net turnover |
102,548,136 |
88,119,103 |
16.4% |
|
Cost of sales |
(50,130,030) |
(46,058,983) |
8.8% |
|
Gross profit |
52,418,106 |
42,060,120 |
24.6% |
|
Selling and distribution costs |
(5,007,101) |
(5,104,468) |
-1.9% |
|
Administrative expenses |
(4,165,509) |
(3,888,916) |
7.1% |
|
Other expenses |
(3,115,584) |
(2,339,280) |
33.2% |
|
Other income |
332,884 |
135,021 |
146.5% |
|
Total Expenses and Income (Net) |
(11,955,310) |
(11,197,643) |
6.8% |
|
Operating profit |
40,462,796 |
30,862,477 |
31.1% |
|
Finance income |
1,685,407 |
5,898,612 |
-71.4% |
|
Finance cost |
(590,815) |
(1,145,857) |
-48.4% |
|
Net finance income |
1,094,592 |
4,752,755 |
-77.0% |
|
Profit before income tax |
41,557,388 |
35,615,232 |
16.7% |
|
Income tax expense |
(17,039,237) |
(15,700,643) |
8.5% |
|
Profit for the period |
24,518,151 |
19,914,589 |
23.1% |
|
Earnings per share - basic and diluted (Rupees) |
95.96 |
77.95 |
23.1% |