TOMCL posts nearly 35% YoY profit growth in 9MFY25

MG News | April 30, 2025 at 11:36 AM GMT+05:00

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April 30, 2025 (MLN): The Organic Meat Company Limited (PSX: TOMCL) reported a 34.65% YoY increase in its profit for the nine months ended March 31, 2025, with after-tax profits reaching Rs459.76 million [EPS: Rs2.58] compared to Rs341.45m [EPS: Rs1.91] in the same period last year (SPLY).

Net sales surged by 32.05% YoY to Rs11.32 billion, up from Rs8.58bn in SPLY, driven by higher sales volume.

The cost of sales increased by 31.85% YoY to Rs10.21bn, leading to a slight decline of 1.53% in gross profit, which stood at Rs1.12bn.

Administrative expenses rose by 105.48% YoY to Rs218.31m, while selling expenses decreased by 37.56% YoY to Rs267.93m.

The allowance for doubtful debts saw a significant increase of 643.08% YoY to Rs79.98m.

Operating profit declined slightly by 6.38% YoY to Rs548.99m, while finance costs dropped by 24.00% YoY to Rs133.69m.

A major boost came from other income, which surged to Rs169.76m compared to Rs12.52m in SPLY.

Profit before taxation and levy increased by 38.31% YoY to Rs585.06m, while the levy expense stood at Rs137.64m, marking a 68.74% YoY increase.

Taxation for the period was recorded at Rs12.33m.

Financial Result For The Nine Month Ended March 31, 2025 (Rupees in '000)
Note	Mar-25	Mar-24	%Change
Sales - net	11,323,855	8,575,296	32.05%
Cost of sales	(10,208,647)	(7,742,755)	31.85%
Gross profit	1,115,208	1,132,540	-1.53%
Administrative expenses	(218,305)	(106,244)	105.48%
Selling expenses	(267,928)	(429,121)	-37.56%
Allowance for doubtful debts	(79,978)	(10,763)	643.08%
Operating profit	548,996	586,412	-6.38%
Finance costs	(133,692)	(175,913)	-24.00%
Reversal of financial liabilities	-
Other income / (expense) - net	169,759	12,521	1255.79%
Profit before taxation and levy	585,063	423,019	38.31%
Levy	(137,638)	(81,569)	68.74%
Profit before taxation	447,425	341,451	31.04%
Taxation	12,333	-
Profit for the period	459,758	341,451	34.65%
Earnings per share - basic and diluted (restated)	2.58	1.91	35.08%

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