KARACHI: Matco Foods Limited has reported a sharp decline in profitability for the nine months ended March 31, 2026, as weaker sales and elevated finance costs weighed on the company’s financial performance. The results were approved by the Board of Directors in its meeting held on April 28, 2026.
According to the company’s unconsolidated financial statements, net sales fell to Rs12.10 billion during the nine-month period, compared with Rs21.22 billion in the corresponding period last year. As a result, gross profit declined to Rs1.98 billion from Rs2.70 billion a year earlier.
Operating profit also weakened, dropping to Rs1.11 billion from Rs1.65 billion in the same period last year. Meanwhile, finance costs remained substantial at Rs1.08 billion, significantly reducing the company’s bottom line.
Consequently, Matco Foods posted an unconsolidated profit after tax of Rs69.25 million, a steep 76.7% decline from Rs297.48 million recorded during the corresponding period of the previous year. Earnings per share (EPS) decreased to Rs0.57, compared with Rs2.43 a year earlier.
On a consolidated basis, however, the company reported a stronger performance. Consolidated net sales stood at Rs17.64 billion, while profit after tax increased to Rs414.26 million, compared with Rs297.45 million in the corresponding period last year. Consolidated earnings per share improved to Rs3.38, up from Rs2.43, supported by contributions from subsidiary operations and the share of profit from an associated company.
The Board did not recommend any cash dividend, bonus shares, or right shares for the period. It also announced that there were no other corporate actions or price-sensitive disclosures requiring shareholders’ attention.
The latest financial results highlight the challenging operating environment faced by Matco Foods’ standalone business, while the consolidated figures indicate that the group’s broader operations continued to provide resilience during the period.
