Rafhan Maize sees increase in half-year profit

MG News | August 28, 2025 at 09:58 AM GMT+05:00

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August 28, 2025 (MLN): Rafhan Maize Products Company Limited (PSX: RMPL) posted a net profit of Rs3.87 billion for the six months ended June 30, 2025, reflecting a 4.2% increase from Rs3.71bn in the same period last year.

The company declared an interim cash dividend of Rs100 per share, equivalent to 1,000%, in addition to the first interim dividend of Rs100 per share already paid.

Revenue rose 8.6% to Rs36.53bn compared to Rs33.63bn in the corresponding period of 2024, while cost of sales increased 8% to Rs28.87bn.

As a result, gross profit stood at Rs7.67bn, up 11.2% year-on-year.

Distribution expenses climbed 26.4% to Rs558.38 million, and administrative expenses rose 7.8% to Rs806.84m.

Other income improved 5.4% to Rs890.45m, while other expenses grew 22.1% to Rs501.9m.

Operating profit reached Rs6.69bn, showing an increase of 9% from Rs6.14bn last year.

Finance costs inched up 3.9% to Rs369.5m.

Profit before income tax came in at Rs6.31bn, compared to Rs5.64bn last year, marking an 11.9% growth.

After accounting for taxation of Rs2.44bn, which rose 26.7% year-on-year, profit after tax settled at Rs3.87bn.

Earnings per share (EPS) for the half year stood at Rs418.57, up from Rs401.72 in the same period last year, showing a growth of 4.2%.

Statement of Profit and Loss for the Six Months Ended June 30, 2025 (Rs '000')
Description	Jun-25	Jun-24	%Change
Revenue	36,530,200	33,627,497	8.63%
Cost of sales	(28,865,020)	(26,732,436)	7.98%
Gross profit	7,665,180	6,895,061	11.17%
Distribution expenses	(558,376)	(441,895)	26.36%
Administrative expenses	(806,843)	(748,347)	7.82%
Impairment on financial assets	(59)	(1,012)	-94.17%
Other income	890,445	845,027	5.37%
Other expenses	(501,902)	(411,194)	22.06%
	(976,735)	(757,421)	28.96%
Operating profit	6,688,445	6,137,640	8.97%
Finance cost	(369,499)	(355,800)	3.85%
Profit before income tax and final tax	6,318,946	5,781,840	9.29%
Final taxation	(12,375)	(145,213)	-91.48%
Profit before income tax	6,306,571	5,636,627	11.89%
Taxation	(2,440,467)	(1,926,137)	26.70%
Profit after taxation	3,866,104	3,710,490	4.19%
Earnings per share - basic and diluted (Rupees)	418.57	401.72	4.19%

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