BFAGRO reports Rs505m profit, up 90% YoY

MG News | April 23, 2025 at 04:20 PM GMT+05:00

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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.

Condensed Interim Statement of Profit/Loss for nine months ended on March 31, 2025 (Rs in '000)
	31-Mar-25	31-Mar-24	Change %
Sales - net	5,613,176,062	4,726,315,780	18.76%
Cost of sales	(4,912,640,053)	(4,244,441,750)	15.74%
Gross profit	700,536,008	481,874,030	45.37%
Selling & distribution expenses	(121,826,888)	(71,240,337)	71%
Administrative expenses	(52,826,148)	(31,121,146)	69.74%
Operating profit	525,880,972	379,512,547	38.56%
Other expenses	(42,034,689)	(22,267,321)	88.77%
Un-realized foreign exchange gain	1,455,982	2,399,035	-39.3%
Other income	103,384,265	26,143,437	295.45%
Finance costs	(82,237,653)	(86,547,772)	-4.98%
Profit/(Loss) before tax & levy	506,448,877	299,376,075	69.16%
Minimum tax	-	(32,259,860)
Profit before taxation	506,448,877	267,116,215	89.59%
Taxation	(1,208,669)	(1,283,420)	-5.82%
Profit after taxation	505,240,208	265,832,796	90.05%
Basic & diluted EPS (PKR)	3.41	2.95	15.59%

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