Karachi: Habib Rice Products Ltd has reported its annual financial results for the year ending June 30, 2026, revealing a net loss despite an increase in sales. The Board of Directors approved the audited statements during their meeting on September 22, 2026, in line with regulatory requirements.

The company recorded net sales of approximately 2.29 billion rupees, up from 2.14 billion rupees in the previous year, marking a significant move of 7.11%. However, the cost of goods sold increased to approximately 2.09 billion rupees from 1.97 billion rupees, resulting in a gross profit of approximately 200.69 million rupees, an increase from the previous year's 169.99 million rupees. Distribution costs saw a decrease to 99.07 million rupees from 159.98 million rupees.

Administrative expenses slightly increased to 143.14 million rupees, with other expenses rising to 2.43 million rupees. Other income dropped significantly to 1.19 million rupees from 17.17 million rupees, while finance costs more than doubled to 16.63 million rupees. This resulted in a loss before levies and taxes of approximately 59.39 million rupees, compared to the previous year's loss of 123.16 million rupees.

After accounting for levies, taxes, and final tax, the net loss for the year stood at approximately 87.58 million rupees, a moderate move compared to the previous year's loss of 155.71 million rupees. The loss per share improved to 2.19 rupees from 3.89 rupees.

According to information available from the Pakistan Stock Exchange (PSX), the company's total assets increased to approximately 1.51 billion rupees from 1.38 billion rupees. The statement of financial position highlighted non-current assets at approximately 650.43 million rupees and current assets at approximately 858.47 million rupees. Share capital and reserves decreased to approximately 706.13 million rupees from 793.70 million rupees.

The company's liabilities increased to approximately 684.17 million rupees from 546.63 million rupees, with long-term financing rising to 113.80 million rupees.

The 46th Annual General Meeting of the company is scheduled for October 28, 2026, at the Federation of Pakistan Chambers of Commerce & Industry in Karachi. The share transfer books will be closed from October 21 to October 28, 2026, with business transfers considered in time if received by October 20, 2026.

The annual report will be distributed through PUCARS at least 21 days before the AGM, and the company has urged TRE Certificate holders to be informed accordingly.