FFL achieves highest-ever profit after tax in first quarter
MG News | April 23, 2025 at 03:36 PM GMT+05:00
April 23, 2025 (MLN): Fauji Foods Limited (PSX: FFL) reported a profit after tax of Rs335 million [EPS: Rs0.13] for the three-month period ended March 31, 2025, marking a significant 224.5% increase compared to Rs103m [EPS: Rs0.04] in the same period last year.
This represents the company’s highest-ever quarterly profit from operations.
FFL’s strong financial turnaround was driven by its ongoing strategy to deliver sustained growth, which continues to bear fruit.
The company also achieved its highest-ever quarterly revenue of Rs7.91bn, a 44.94% increase over Rs5.46bn in Q1 2024.
Despite a 48.16% rise in cost of revenue, gross profit surged by 31.71% to Rs1.41bn, showcasing improved operational efficiency and margin management.
Marketing and distribution expenses increased by 31.5%, and administrative expenses rose by 25.27%, reflecting the company’s broader business scale.
A substantial 76.63% decline in other expenses, however, significantly enhanced overall profitability.
Although finance costs rose by 49.88%, strong growth in operating profit up 35.78% to Rs478m alongside a 36.17% boost in other income to Rs133m, bolstered performance.
Profit before income tax climbed by 209.15% to Rs540m, up from Rs175m in the same period last year, despite the increased levy and taxation.
Tax expenses rose to Rs180m, up 184.05% year-on-year.
| CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS for the period of three months (Rs in '000) | |||
| Particulars | March 2025 (Rupees) | March 2024 (Rupees) | %Change |
| Revenue from contracts with customers - net | 7,907,237,721 | 5,455,459,118 | 44.94% |
| Cost of revenue | (6,487,027,975) | (4,385,007,392) | 47.94% |
| Gross profit | 1,420,209,746 | 1,070,451,726 | 32.67% |
| Marketing and distribution expenses | (696,687,226) | (529,790,815) | 31.50% |
| Administrative expenses | (244,997,133) | (196,013,645) | 24.99% |
| Profit from operations | 478,525,387 | 344,647,266 | 38.84% |
| Other income | 133,661,653 | 95,495,130 | 39.97% |
| Other expenses | (51,603,695) | (220,853,945) | -76.63% |
| Finance cost | (10,962,082) | (6,835,332) | 60.37% |
| Profit before levy and income tax | 549,621,263 | 21,245,319 | 2487.02% |
| Levy | (8,627,584) | (37,081,725) | -76.73% |
| Profit before income tax | 540,993,679 | 175,371,394 | 208.48% |
| Taxation | (179,530,310) | (63,204,525) | 184.05% |
| Profit after taxation | 335,397,297 | 103,355,869 | 222.26% |
| Earnings per share - basic and diluted | 0.13 | 0.04 | 225.00% |
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