Lahore: Mitchell's Fruit Farms Limited has released its Annual Report for the fiscal year ending June 30, 2026, showcasing significant growth in its financial assets and equity, as well as challenges in profitability. According to the report dated October 5, 2026, the company's total assets rose to 2.51 billion Rupees from 1.998 billion Rupees in the previous year, marking a notable increase in both non-current and current assets.

The statement of financial position highlights a substantial rise in non-current assets, which totaled 671.81 million Rupees compared to last year's 570.78 million Rupees. This growth is primarily attributed to an increase in property, plant, and equipment, which now stand at 634.91 million Rupees. Meanwhile, current assets saw a big move, reaching 1.84 billion Rupees from the previous 1.43 billion Rupees, largely driven by an increase in stock in trade and cash and bank balances.

On the equity and liabilities side, the company's share capital and reserves experienced a very large or significant move, increasing to 1.10 billion Rupees from 580.82 million Rupees. The issued, subscribed, and paid-up capital rose to 256.53 million Rupees, while reserves surged to 846.64 million Rupees. Current liabilities remained relatively stable at 1.22 billion Rupees, reflecting a minor move.

According to information available from the Pakistan Stock Exchange (PSX), Mitchell's Fruit Farms Limited reported a modest increase in revenue, which reached 2.97 billion Rupees, up from 2.66 billion Rupees last year. However, the company's profitability faced challenges, with a net profit of 3.34 million Rupees, demonstrating a moderate move from the previous year's 1.67 million Rupees.

The financial performance was impacted by increased administrative and selling expenses, coupled with a decrease in operating profit, which shifted to an operating loss of 13.49 million Rupees. The company also recorded a substantial increase in other operating expenses, amounting to 166.73 million Rupees. Despite these hurdles, Mitchell's Fruit Farms managed to offset some of the financial strain through other income, which rose significantly to 278.61 million Rupees.

The report concludes that while Mitchell's Fruit Farms Limited has achieved a robust asset growth and expansion in equity, it continues to navigate the challenges of maintaining profitability in a competitive market environment.