MFFL FY26 profit doubles

October 01, 2026 (MLN): Mitchell’s Fruit Farms Limited (PSX: MFFL) reported a 100% surge in its net profit for the fiscal year ended June 30, 2026, reaching Rs3.34m compared to Rs1.67m in the preceding year.

Reflecting this bottom-line doubling, basic and diluted earnings per share (EPS) expanded to Rs0.14, up from Rs0.07 in FY25.

The primary catalyst behind the final earnings growth was a twenty-fold surge in "other income", which successfully cushioned an operational loss and higher minimum tax differentials.

Net revenue grew by 11% year-on-year to Rs2.97bn, up from Rs2.66bn in FY25.

Although cost of sales increased 13% to Rs2.14bn, gross profit expanded 7% to Rs827.07m compared to Rs770.19m in the prior year.

On the operational front, overheads expanded significantly. Administrative expenses rose 37% to Rs277.79m, while selling and distribution costs jumped 46% to Rs562.77m.

Consequently, core operating performance slipped into an operating loss of Rs13.49m (reversing an operating profit of Rs180.29m in FY25).

Below the operating line, performance was redeemed by non-operating income. "Other income" surged to Rs278.61m (up from Rs13.56m in FY25).

Coupled with a 25% drop in finance costs (Rs64.42m), profit before minimum tax differential stood at Rs33.96m.

After absorbing minimum tax differentials of Rs38.39m and other operating charges of Rs166.73m, pre-tax performance recorded a loss of Rs4.42m.

The company recorded a net tax credit of Rs7.76m for the year (compared to a tax charge of Rs19.41m in FY25).

Backed by a massive surge in non-operating income, finance cost relief, and a net tax credit, Mitchell's Fruit Farms Limited securely closed the fiscal year with its net profit doubling to Rs3.34m.

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