Lahore: Matco Foods Limited has reported a significant decline in its profitability for the first quarter ended September 30, 2026. The company disclosed these figures in its unconsolidated condensed interim statement of profit or loss, released on October 29, 2026.

During the three-month period, Matco Foods' net sales totaled 3.86 billion rupees, down from 6.07 billion rupees in the same period last year. This decrease in sales resulted in a reduced gross profit of 647.83 million rupees, compared to the previous year's 952.71 million rupees.

The company's selling and distribution expenses stood at 94.59 million rupees, while administrative expenses amounted to 177.62 million rupees. Together, these expenses resulted in a total of 272.20 million rupees, down from 392.73 million rupees in the prior year.

Operating profit for the quarter was 375.63 million rupees, a decrease from last year's 559.98 million rupees. The finance cost increased to 391.38 million rupees from 362.84 million rupees, partially offset by other income of 62.93 million rupees. The company also recorded a net exchange gain of 24.51 million rupees, compared to a loss of 8.06 million rupees in the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Matco Foods registered a profit before levies and income tax of 67.00 million rupees, a decrease from the previous year's 193.10 million rupees. After accounting for levies and taxation, the profit for the period was 45.84 million rupees, compared to 146.47 million rupees last year.

Earnings per share for the current quarter were reported at 0.37 rupees, down from 1.20 rupees in the corresponding period of 2025. The financial results indicate a big move in the company’s earnings, reflecting the challenges faced during the quarter.