Khyber Tobacco swings to Rs1bn loss in FY26

Khyber Tobacco Company Limited (PSX: KHTC) reported a Rs1.02bn net loss for FY26, which ended on June 30, 2026, after a profit of Rs274.65m in FY25, according to Mettis Global. Loss per share stood at Rs147.45, compared with earnings of Rs39.67 per share a year earlier.

Gross profit shrank 92.61%, falling to Rs131.12m from Rs1.77bn, as net revenue eased 5.71% to Rs9.33bn and cost of sales climbed 13.29% to Rs9.19bn. Selling and distribution costs rose 43.34% to Rs465.29m, pushing total expenses up 8.78%, and the company moved from an operating profit of Rs983.58m to an operating loss of Rs729.63m.

Lower finance costs, down 35.10% to Rs213.32m, and a steep fall in other expenses to Rs51.30m provided some relief. Even so, a Rs116.57m minimum tax differential, absent in FY25, lifted the pre-tax loss to Rs1.09bn. A tax credit of Rs67.95m, set against a Rs139.68m charge last year, partly offset that and left a net loss of Rs1.02bn.