Pakistan Tobacco Company (PTC) has announced a strong financial performance for the second quarter and first half of 2026, reporting significant growth in profitability while rewarding shareholders with a third interim cash dividend of Rs35 per share. The results were approved by the company’s Board of Directors during its meeting held on August 4, 2026.
For the quarter ended June 30, 2026, the company posted a profit after tax of Rs9.18 billion, compared with Rs7.99 billion in the corresponding period last year, representing a year-on-year increase of nearly 15%. Earnings per share (EPS) improved to Rs35.95, up from Rs31.29 recorded a year earlier.
The company’s performance was even stronger on a half-year basis. Profit after tax for the six months ended June 30, 2026, climbed to Rs18.53 billion, compared with Rs14.26 billion in the same period of 2025, reflecting growth of approximately 30%. Half-year EPS also increased to Rs72.52, compared with Rs55.81 in the previous year’s corresponding period.
PTC’s gross turnover reached Rs221.79 billion during the first six months of 2026, up from Rs184.09 billion a year earlier. After accounting for excise duties and sales tax, net turnover rose to Rs83.07 billion, while gross profit increased to Rs40.91 billion, highlighting improved operational performance despite the substantial tax burden on the tobacco sector.
Operating profit for the half-year stood at Rs30.33 billion, compared with Rs24.14 billion in the corresponding period of 2025. Profit before taxation also increased to Rs30.48 billion, demonstrating continued strength in the company’s core business operations.
Alongside the financial results, the Board declared a third interim cash dividend of Rs35 per share (350%) for the year ending December 31, 2026. This dividend is in addition to the interim dividend of Rs70 per share (700%) already paid, bringing the total interim payout to Rs105 per share for the year so far. The Board did not recommend any bonus shares, rights shares, or other corporate actions.
The company also reported a solid financial position as of June 30, 2026. Total assets increased, while cash and short-term investments strengthened significantly, reflecting healthy liquidity and efficient cash generation from operating activities. During the first half of the year, operating activities generated Rs22.06 billion in net cash flows.
Pakistan Tobacco Company’s latest results underscore its ability to deliver consistent earnings growth, maintain strong cash generation, and continue returning value to shareholders through generous dividend distributions despite operating in a highly regulated industry.
