TOMCL FY26 profit drops 74%

The Organic Meat Company Limited posted a consolidated profit of Rs112.35m for the year to June 30, 2026, according to Mettis Global, a 74% drop from the restated Rs429.79m a year earlier. Earnings per share fell to Rs0.57 from a restated Rs2.50. Net sales slipped 12% to Rs12.38bn from Rs14.01bn.

Cost of sales fell 10% to Rs11.29bn, yet gross profit still dropped 24% to Rs1.09bn. Administrative costs rose 4% and selling expenses edged up 1%, while provisions for expected credit losses climbed 34% to Rs211.87m. Operating profit consequently fell 62% to Rs248.91m.

Finance costs fell 54% to Rs64.15m and the tax charge dropped 53% to Rs82.24m, but other income declined 86%. Profit before tax stood at Rs194.59m, down 68%.