BFAGRO reports Rs505m profit, up 90% YoY

April 23, 2025 (MLN): Barkat Frisian Agro Limited (PSX: BFAGRO) has posted a remarkable 90% year-on-year jump in net profit, clocking in at Rs505.2 million for the nine-month period ended March 31, 2025, compared to Rs265.8m in the same period last year, as per the company’s unaudited financials.

Earnings per share (EPS) stood at Rs3.41, up 15.6% from Rs2.95 last year.

The sharp increase in bottom-line profitability was fueled by a 19% surge in net sales, reaching Rs5.6bn, alongside a significant boost in other income, which skyrocketed by over 295% to Rs103.4m.

Despite a 15.7% rise in cost of sales, the company managed to improve its gross margins, with gross profit increasing by 45.4% to Rs700.5m, up from Rs481.9mlast year.

Operating profit rose 38.6% YoY to Rs525.9m, despite a notable uptick in expenses — selling & distribution costs jumped 71%, and administrative expenses climbed nearly 70%.

Finance costs were marginally down by 5%, while other expenses nearly doubled. Meanwhile, foreign exchange gains dropped by 39%, but the shortfall was amply covered by the rise in other income.

The company recorded no minimum tax this year, in contrast to a Rs32.3m outflow in the prior period, further boosting pre-tax profit by nearly 90% to Rs506.4m.

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