Khyber Tobacco swings to Rs1bn loss in FY26
MG News | October 06, 2026 at 10:21 AM GMT+05:00
October 06, 2026 (MLN): Khyber Tobacco Company Limited (PSX: KHTC) posted a net loss of Rs1.02bn for the fiscal year ended June 30, 2026 (FY26), compared with a profit of Rs274.65m in FY25.
Loss per share (LPS) stood at Rs147.45, against earnings per
share (EPS) of Rs39.67 in the preceding year.
The swing was driven by a 92.61% collapse in gross profit, a
43% rise in selling and distribution expenses and a minimum tax differential
charge.
Lower finance costs, a sharp drop in other expenses and a
taxation credit only partly cushioned the impact.
Net revenue from contracts with customers declined 5.71% to
Rs9.33bn from Rs9.89bn in FY25. Cost of sales rose 13.29% to Rs9.19bn from
Rs8.12bn, which squeezed gross profit to Rs131.12m from Rs1.77bn.
Administrative expenses fell 3.91% to Rs348.06m from
Rs362.23m, and the expected credit loss on financial assets dropped 54.61% to
Rs47.39m from Rs104.41m.
However, selling and distribution expenses jumped 43.34% to
Rs465.29m from Rs324.61m, taking total expenses up 8.78% to Rs860.74m from
Rs791.24m.
As a result, the company recorded an operating loss of
Rs729.63m, compared with an operating profit of Rs983.58m in FY25.
Other income rose 6.89% to Rs22.15m from Rs20.72m. Other
expenses plunged 80.37% to Rs51.30m from Rs261.30m, while finance cost fell
35.10% to Rs213.32m from Rs328.67m.
Even so, the company reported a loss before final and
revenue taxes of Rs972.10m, compared with a profit of Rs414.33m in FY25.
A minimum tax differential of Rs116.57m (nil in FY25) pushed
the loss before income tax to Rs1.09bn.
A taxation credit of Rs67.95m, against a charge of Rs139.68m
in FY25, trimmed the net loss to Rs1.02bn.
|
STATEMENT OF PROFIT OR
LOSS FOR THE YEAR ENDED JUNE 30, 2026 (Rupees) |
|||
|
Description |
2026 |
2025 |
Change (%) |
|
Revenue
from contracts with customers - net |
9,325,550,467 |
9,890,703,179 |
-5.71% |
|
Cost
of sales |
(9,194,433,472) |
(8,115,882,823) |
13.29% |
|
Gross
profit |
131,116,995 |
1,774,820,356 |
-92.61% |
|
Administrative
expenses |
(348,058,672) |
(362,227,990) |
-3.91% |
|
Selling
and distribution expenses |
(465,292,106) |
(324,607,318) |
43.34% |
|
Expected
credit loss on financial assets |
(47,391,365) |
(104,409,538) |
-54.61% |
|
Subtotal
of expenses |
(860,742,143) |
(791,244,846) |
8.78% |
|
Operating
(loss) / profit |
(729,625,148) |
983,575,510 |
|
|
Other
income |
22,149,933 |
20,722,615 |
6.89% |
|
Subtotal |
(707,475,215) |
1,004,298,125 |
|
|
Other
expenses |
(51,303,396) |
(261,301,753) |
-80.37% |
|
Finance
cost |
(213,320,434) |
(328,666,716) |
-35.10% |
|
Subtotal |
(264,623,830) |
(589,968,469) |
-55.15% |
|
(Loss)
/ profit before final and revenue taxes |
(972,099,045) |
414,329,656 |
|
|
Minimum
tax differential |
(116,569,381) |
- |
|
|
(Loss)
/ profit before income tax |
(1,088,668,426) |
414,329,656 |
|
|
Taxation |
67,954,366 |
(139,681,602) |
|
|
(Loss)
/ profit for the year |
(1,020,714,060) |
274,648,054 |
|
|
Earnings
per share - basic and diluted |
(147.45) |
39.67 |
|
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