RMPL 1HCY26 profit rises 6%

August 20, 2026 (MLN):  Rafhan Maize Products Company Limited (PSX: RMPL) reported a 6% increase in its net profit for the half-year ended June 30, 2026 (1HCY26), recording Rs4.11bn compared to Rs3.87bn in the corresponding period last year.

Reflecting this steady profit trajectory, the company's basic and diluted earnings per share (EPS) improved to Rs445.43 for the six-month period, up from Rs418.57 in 1HCY25.

Alongside the financial results, the company announced a cash dividend of Rs60 per share.

The bottom-line performance was supported by a combination of modest revenue expansion, effective control over non-operating outlays, and reduced finance charges.

Revenue for the half-year increased by 5% year-on-year to Rs38.19bn, up from Rs36.53bn in 1HCY25.

Although cost of sales expanded by 5% to Rs30.29bn, core operational volume gains allowed gross profit to grow by 3% to settle at Rs7.89bn compared to Rs7.67bn in the prior year.

On the operational front, overheads expanded moderately.

Distribution expenses grew 11% to Rs622.18m, while administrative expenses increased 7% to Rs864.04m.

Although "other income" dropped 9% to Rs810.99m (down from Rs890.45m), a 5% reduction in "other expenses" (Rs474.42m) helped keep total operating expenses subtotal under control, leaving operating profit virtually steady at Rs6.74bn (up 0.8%).

Below the operating line, RMPL benefited from significant debt-servicing relief.

Finance costs fell by 26% to Rs271.72m (down from Rs369.50m in 1HCY25). Supported by this interest cost reduction, profit before income tax grew by 3% to reach Rs6.47bn.

The company absorbed a 3% lighter corporate taxation expense of Rs2.36bn (down from Rs2.44bn in 1HCY25).

Backed by core top-line growth, lower debt charges, and reduced tax outlays, Rafhan Maize Products Company Limited securely closed the six-month period with its net profit reaching Rs4.11bn.

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