Murree Brewery reports around 60% YoY profit surge in 1HFY25

February 21, 2025 (MLN): Murree Brewery Company Limited (PSX: MUREB) recorded a significant 59.97% year-on-year (YoY) increase in profitability for the 1HFY25, posting a profit after tax of Rs1.84 billion [EPS: Rs66.64], compared to Rs1.15bn [EPS: Rs41.66] in the same period last year (SPLY).

The company declared an interim cash dividend of Rs12 per share (120%) for the six-month period ended December 31, 2024.

This is in addition to the interim dividend of Rs5 per share (50%) already paid.

The company’s net turnover grew by 22.29% YoY, reaching Rs13.15bn in 1HFY25 compared to Rs10.76bn in SPLY.

The cost of sales also increased by 16.95% YoY to Rs9.47bn, leading to a 38.57% YoY rise in gross profit, which stood at Rs3.68bn.

Despite an increase in selling and distribution expenses (+15.13% YoY) and administrative expenses (+11.88% YoY), operating profit surged by 53.03% YoY, reaching Rs2.42bn in 1HFY25.

Net finance income witnessed a remarkable increase of 100.58% YoY, rising to Rs538.44mn from Rs268.44mn in SPLY, primarily driven by a 99.84% surge in finance income.

On the tax front, the company incurred an income tax expense of Rs1.11bn, marking a 59.87% YoY increase compared to Rs697.65mn in SPLY.

As a result, Murree Brewery’s profit before tax reached Rs2.95bn, reflecting a 59.93% YoY increase, while profit for the period surged to Rs1.84bn, strengthening the company’s financial position.

Earnings per share (EPS) jumped to Rs66.64, marking a 59.96% increase compared to Rs41.66 in the same period last year.

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