RMPL 9MCY26 profit expands 11%

October 21, 2026 (MLN): Rafhan Maize Products Company Limited (PSX: RMPL) reported an 11% increase in its net profit for the nine months ended September 30, 2026 (9MCY26), reaching Rs5.66bn compared to Rs5.09bn in the corresponding period last year.

The company also declared dividend of Rs50 per share.

Reflecting this bottom-line growth, basic and diluted earnings per share (EPS) for the nine-month period expanded to Rs612.94, up from Rs551.05 in 9MCY25.

For the third quarter (Q3CY26) alone, net profit jumped 26% to Rs1.55bn (EPS of Rs167.51) compared to Rs1.22bn (EPS of Rs132.48) in Q3CY25.

The primary catalyst supporting nine-month performance was a 7% growth in gross profit along with reduced finance costs, which helped offset higher distribution and administrative overheads.

Top-line revenue for 9MCY26 grew 2% year-on-year to Rs56.70bn, up from Rs55.44bn. With cost of sales increasing modestly by 1% to Rs45.35bn, gross profit expanded to Rs11.35bn compared to Rs10.60bn in 9MCY25.

On the operational front, administrative expenses expanded 10% to Rs1.35bn, while distribution expenses rose 8% to Rs915.95m.

Supported by "other income" of Rs1.07bn and other expenses of Rs664.22m, operating profit increased 6% to Rs9.49bn.

Below the operating line, RMPL gained debt-servicing relief as finance costs fell 8% to Rs566.75m (down from Rs619.27m in 9MCY25). This borrowing cost reduction pushed profit before income tax up 7% to Rs8.92bn.

The company absorbed a corporate taxation charge of Rs3.26bn for the period (up 1% from Rs3.23bn in 9MCY25).

Backed by steady top-line growth, improved core margins, and lower finance charges, Rafhan Maize Products Company Limited securely closed the nine-month period with its net profit reaching Rs5.66bn.

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