Quice Food Industries Limited has reported a significant improvement in its financial performance for the year ended June 30, 2026, with sales rising sharply and the company returning to a modest net profit after posting a loss in the previous financial year.
According to the company’s financial results, sales increased to Rs1.905 billion in FY2026 from Rs1.095 billion in FY2025, representing growth of around 74%. The substantial increase in revenue helped the company generate a gross profit of Rs332.8 million, compared with Rs187.0 million a year earlier. 283829
Return to Profit
Quice Food Industries recorded an operating profit of Rs20.44 million during FY2026, compared with an operating loss of approximately Rs3.19 million in the preceding year.
After accounting for other income, finance costs, levies and taxation, the company posted a profit after taxation of Rs651,100, reversing the Rs11.73 million loss reported in FY2025. Earnings per share also improved substantially, moving from a loss per share of Rs0.119 to a positive Rs0.007 per share. 283829
The improvement came despite higher operating expenses. Distribution costs rose to approximately Rs243.6 million, while administrative expenses increased to around Rs68.7 million during the year.
Stronger Asset Base
The company’s financial position also expanded during the year. Total assets increased to approximately Rs2.103 billion at June 30, 2026, from Rs1.704 billion a year earlier.
Property, plant and equipment rose to Rs975.8 million, compared with Rs714.0 million in FY2025, reflecting significant investment in the company’s operating assets. Current assets also increased to approximately Rs1.121 billion from Rs983.0 million. 283829
However, the company continued to carry accumulated losses, while shareholders’ equity stood at approximately Rs455.1 million at the end of FY2026.
Operating Cash Flow Remains Strong
Cash generation from operations was another positive feature of the financial year. Quice Food Industries generated Rs323.75 million in net cash inflows from operating activities, up from approximately Rs285.63 million in FY2025.
The company invested heavily in fixed assets during the year, with capital expenditure reaching approximately Rs322.51 million. As a result, net cash used in investing activities stood at the same level. Cash and cash equivalents nevertheless increased to Rs3.47 million at the end of the year from Rs2.23 million previously. 283829
No Dividend or Bonus Shares
The company’s board did not recommend a cash dividend, bonus shares or right shares for the year ended June 30, 2026. The financial results announcement also stated that there was no other entitlement or price-sensitive corporate action recommended by the board. 283829
The company has scheduled its Annual General Meeting for October 29, 2026 at 11:00 a.m. at its registered office. The share transfer books will remain closed from October 22 to October 29, 2026, both days inclusive. 283829
Outlook
Quice Food Industries’ FY2026 results point to a major improvement in the company’s core financial performance. The sharp rise in sales, return to operating profitability and recovery from a sizeable net loss mark important progress compared with FY2025.
At the same time, the company will need to manage its rising operating expenses and continue converting its increased sales into sustainable bottom-line growth. The substantial investment in property, plant and equipment also indicates an effort to strengthen its operational capacity.
Overall, FY2026 represents a year of strong revenue expansion and a return to profitability for Quice Food Industries, although the relatively small net profit highlights the need for further improvements in margins and cost efficiency.
