October 30, 2025 (MLN): Barkat Frisian Agro Limited (PSX: BFAGRO) shared its financial results for the first quarter ended September 30, 2025, reporting a profit after tax of Rs 161.17m, up 33% from Rs 121.54m in the same period last year.
The company’s net sales grew by 10%, reaching Rs 1.88 billion compared to Rs 1.71 bn in 1QFY25, supported by stronger demand and stable operations. Gross profit improved 5% year-on-year to Rs 234.74m, reflecting steady margins despite higher input costs.
gross profit margins slightly declined by around 0.6%, due to rise in the cost of the Company’s core raw material shell eggs.
Typically, egg prices remain stable or decline during the summer season; however, this year, prices increased unexpectedly due to higher export demand because of unusually high egg price in USA and Europe.
Despite this short-term impact, the Company's gross margins remain within a sustainable range, supported by efficient production and procurement practices.
To mitigate the effect of such unexpected fluctuations, the Company has developed a robust supply chain policy that ensures continuity and cost efficiency. Furthermore, the management has initiated backward integration measures aimed at securing stable and reliable access to key raw materials in the future.
Operating profit stood at Rs 171.31m, marking a 13% increase from the corresponding quarter. Administrative expenses rose sharply by 79% to Rs 21.44m, while distribution expenses edged up 6%.
A notable improvement was seen in finance costs, which dropped by 63% to Rs 10.84m, and other income surged over 100 times to Rs 20.01m, significantly boosting pre-tax earnings.
Profit before tax climbed 32% to Rs 160.47m, while the company also recorded an income tax charge of Rs 0.70m against a tax credit of Rs 0.49m last year. Earnings per share (EPS), however, declined to Rs 0.52 from Rs 1.35, due to an increase in the Company’s share capital.
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STATEMENT OF PROFIT OR LOSS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025 (Rs.) |
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|
Description |
2025 |
2024 |
change% |
|
Sales - net |
1,878,239,879 |
1,713,458,657 |
10% |
|
Cost of sales |
(1,643,500,806) |
(1,489,458,887) |
10% |
|
Gross profit |
234,739,073 |
223,999,770 |
5% |
|
Selling and distribution expenses |
(51,358,209) |
(48,265,106) |
6% |
|
Administrative expenses |
(21,437,059) |
(11,972,481) |
79% |
|
Exchange gain |
2,948,146 |
3,907,838 |
-25% |
|
Other income |
20,012,278 |
1,688,894 |
1085% |
|
Other expenses |
(13,595,113) |
(18,104,052) |
-25% |
|
Operating profit |
171,309,115 |
151,254,863 |
13% |
|
Finance costs |
(10,839,586) |
(29,225,813) |
-63% |
|
Profit before levy and income tax |
160,469,529 |
122,029,050 |
32% |
|
Levy |
- |
- |
|
|
Profit before income tax |
160,469,529 |
122,029,050 |
32% |
|
Income tax |
704,704 |
(489,779) |
|
|
Profit after tax |
161,174,233 |
121,539,271 |
33% |
|
Earnings per share - basic and diluted |
0.52 |
1.35 |
-61% |