Karachi: Habib Rice Products Ltd., a prominent player in the rice industry, revealed its financial performance for the fiscal year 2025-26 during a Corporate Briefing Session held on October 27, 2026. Despite encountering several challenges, the company reported notable improvements in key financial metrics compared to the previous year.
According to the company's profit and loss statement, net sales for the year reached 2.29 billion rupees, up from 2.14 billion rupees in 2025. The cost of goods sold also saw an increase, totaling 2.09 billion rupees compared to 1.97 billion rupees in the previous year. Despite this, the company managed to achieve a gross profit of 200.69 million rupees, rising from 169.99 million rupees, indicating a big move.
The company successfully reduced distribution costs significantly to 99.07 million rupees from 159.98 million rupees. Administrative expenses, however, remained relatively stable at 143.14 million rupees, up slightly from 141.13 million rupees. Other expenses also saw an increase, recorded at 2.43 million rupees, while other income decreased sharply to 1.19 million rupees from 17.17 million rupees.
Finance costs increased to 16.63 million rupees from 7.56 million rupees, contributing to a reduction in the loss before levies, minimum tax, and final tax to 59.39 million rupees, down from 123.16 million rupees. After accounting for levies and taxes, the net loss for the year was reported at 87.58 million rupees, compared to 155.71 million rupees in 2025, reflecting a significant improvement.
According to information available from the Pakistan Stock Exchange (PSX), Habib Rice Products Ltd.'s loss per share also improved to 2.19 rupees from 3.89 rupees, further demonstrating a positive trajectory.
In addition to financial performance, the company's contributions to the economy were highlighted. The total revenue for 2026 amounted to 2.29 billion rupees, an increase from 2.15 billion rupees in 2025. Export sales, however, declined to 168 million rupees from 196 million rupees. Taxes paid by the company, including sales tax and income tax, amounted to 596 million rupees, up from 567 million rupees in the previous year.
Employee salaries and other benefits saw an increase to 337 million rupees from 311 million rupees, while investor-related contributions were not applicable for the year. The grand total of the company's economic contributions reached 933 million rupees, up from 878 million rupees in 2025.
These figures underscore Habib Rice Products Ltd.'s ongoing efforts to navigate a challenging business environment while maintaining its commitment to economic contributions. The company's financial results reflect both progress and areas for future focus as it continues to adapt to market demands and fiscal pressures.