Biafo Industries’ FY26 profit stays flat at Rs389m

Biafo Industries Limited (PSX: BIFO) posted a nearly unchanged net profit in the twelve months to June 30, 2026, according to Mettis Global. Earnings came to Rs388.94m, marginally below Rs389.49m a year earlier, leaving earnings per share at Rs8.39 against Rs8.40. A final cash payout of Rs2.50 per share, equal to 25 per cent, was also approved by the board.

Net revenue rose 10 per cent to Rs3.19bn, and gross profit widened 12 per cent to Rs1.16bn. Distribution costs surged 69 per cent to Rs145.64m, while an impairment charge of Rs57.52m on financial assets replaced a Rs12.53m reversal in the prior year. Together these pushed operating profit down 6 per cent to Rs679.22m.

Income tax fell 22 per cent to Rs209.46m, a larger proportional drop than the 9 per cent decline in pre-tax profit, and this kept net profit nearly level. Finance cost rose 18 per cent to Rs53.58m while finance income dropped 44 per cent, pushing net finance cost up 31 per cent to Rs49.19m.