TOMCL posts nearly 35% YoY profit growth in 9MFY25

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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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