NML FY26 profit softens 9%

Mettis Global reported that Nishat Mills Limited (PSX: NML) posted a net profit of Rs5.48bn for the year ended June 30, 2026, a 9% decline from Rs6.01bn a year earlier. Earnings per share fell to Rs15.59 from Rs17.10, and the board has proposed a final cash payout of Rs2.00 per share.

Net revenue rose 2% to Rs181.64bn, but direct cost of sales climbed 4% to Rs163.91bn, which pushed gross profit down 11% to Rs17.74bn. Distribution costs, administrative expenses and other expenses also increased, while other income dropped 30% to Rs7.19bn, leaving operating profit 31% lower at Rs13.21bn.

Finance costs fell 24% to Rs6.38bn, from Rs8.43bn, and the company recorded a tax credit of Rs729.72m against an income tax expense of Rs2.65bn in FY25. Statutory levies of Rs2.07bn reduced profit before taxation to Rs4.75bn, and the tax credit then lifted net profit to Rs5.48bn.