Towellers’ net profit drops nearly 50% in H1 FY2026
MG News | February 25, 2026 at 12:51 PM GMT+05:00
February 25, 2026 (MLN): Towellers Limited (PSX:TOWL) posted a net profit of Rs105.85m for the half year ended December 31, 2025, down 47.47% compared to Rs201.53m in the same period last year. Earnings per share (EPS) fell to Rs6.23 from Rs11.85 in H1 FY2024.
The company's net sales declined 16.43% year-on-year to
Rs5.75bn from Rs6.88bn, while the cost of sales decreased 18.45% to Rs5.04bn
from Rs6.18bn, resulting in a marginally higher gross profit of Rs704.34m, up
1.57% from Rs693.47m.
Distribution costs decreased 6.41% to Rs250.33m, whereas
administrative expenses rose 17.71% to Rs257.07m.
Other operating expenses dropped 63.97% to Rs9.72m, while
other operating income declined 53.70% to Rs43.57m, leading to a profit from
operations of Rs230.79m, down 15.99% from Rs274.71m.
Finance costs increased 43.22% to Rs24.63m, and levies
surged 157.30% to Rs74.98m. Profit before income tax fell 42.56% to Rs131.18m
from Rs228.37m, while income tax expense slightly decreased 5.67% to Rs25.32m.
The company’s profit after taxation settled at Rs105.85m,
reflecting a significant decline in net profitability, with the net margin
under pressure amid higher levies and finance costs.
|
STATEMENT OF PROFIT OR
LOSS FOR THE HALF YEAR ENDED DECEMBER 31, 2025 (Rs.) |
|||
|
Description |
2025 |
2024 |
Change (%) |
|
Net Sales |
5,747,281,729 |
6,877,423,813 |
-16.43% |
|
Cost of Sales |
(5,042,941,822) |
(6,183,957,971) |
-18.45% |
|
Gross Profit |
704,339,906 |
693,465,842 |
1.57% |
|
Distribution cost |
(250,328,875) |
(267,483,485) |
-6.41% |
|
Administrative expenses |
(257,070,418) |
(218,398,384) |
17.71% |
|
Other operating expenses |
(9,722,108) |
(26,985,738) |
-63.97% |
|
Other operating income |
43,572,635 |
94,114,034 |
-53.70% |
|
Profit from Operations |
230,791,140 |
274,712,269 |
-15.99% |
|
Finance cost |
(24,632,946) |
(17,199,130) |
43.22% |
|
Profit before Levies and
Income Tax |
206,158,194 |
257,513,139 |
-19.94% |
|
Levies |
(74,980,183) |
(29,140,946) |
157.30% |
|
Profit before Income Tax |
131,178,011 |
228,372,193 |
-42.56% |
|
Income Tax Expenses |
(25,323,851) |
(26,844,782) |
-5.67% |
|
Profit After Taxation
(for the period) |
105,854,159 |
201,527,411 |
-47.47% |
|
Earnings per share
(basic and diluted) |
6.23 |
11.85 |
-47.43% |
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