Oct 20, 2026, 2:52 PM
Barkat Frisian Agro clarifies deferred tax expense of Rs. 74.46 million for FY2026
Material DisclosureBarkat Frisian Agro Limited explained that its FY2026 deferred tax expense of Rs. 74.46 million is a non-cash accounting charge, primarily arising from fixed-asset timing differences, including additions at its Faisalabad factory. The company states its current income tax expense was nil due to SEZ tax exemptions and says the deferred tax liability is not expected to cause a cash outflow during or after the exemption period.
Key Findings
- Deferred tax expense of Rs. 74.46 million was recorded for the year ended June 30, 2026.
- The charge mainly reflects temporary differences relating to fixed assets, including Faisalabad factory additions.
- FY2026 current income tax expense was nil, based on the company's applicable tax position.
- The company describes the deferred tax expense as non-cash and says it does not represent current income tax payable.
- Tax exemptions are stated to continue until April 2029 for the Karachi Plant and June 30, 2035 for the Faisalabad Plant.
Disclosure Details
Entities Involved
Barkat Frisian Agro Limited, Karachi Plant, Faisalabad Plant
Amount
Rs. 74.46 million deferred tax expense
Approvals Required
Disclosure
Impact
Non-cash accounting charge affecting reported accounting profit; the company states it does not create a current-period cash outflow or current income tax payable.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.