Islamabad: Pakistan Tobacco Company announced robust financial results for the first quarter ending March 31, 2025, following a Board of Directors meeting held on April 24, 2025, at the company's head office in Islamabad.

The company declared a second interim cash dividend of Rs.30.00 per share, equating to 300%, for the year ending December 31, 2025. This dividend is in addition to the previously paid interim dividend of Rs.30.00 per share, also at 300%. No bonus shares, rights shares, or other corporate actions were announced.

According to information available from the Pakistan Stock Exchange (PSX), the company's domestic turnover reached Rs.73,733.68 million, a slight increase from the Rs.73,096.11 million reported in the same period of the previous year. Export turnover saw a significant rise to Rs.6,188.33 million from Rs.1,051.19 million in the first quarter of 2024. As a result, the gross turnover amounted to Rs.79,922.01 million, up from Rs.74,147.29 million.

The company's net turnover for the quarter was Rs.30,650.11 million, compared to Rs.23,904.39 million in the previous year. This increase in net turnover was achieved despite excise duties and sales tax expenses amounting to Rs.37,478.53 million and Rs.11,793.37 million, respectively.

Cost of sales increased to Rs.16,787.31 million, resulting in a gross profit of Rs.13,862.80 million, which is an improvement from the Rs.10,720.80 million reported in the same period last year. Selling and distribution costs were Rs.1,268.44 million, and administrative expenses were Rs.1,210.46 million. The company recorded other operating expenses of Rs.802.24 million, while other income stood at Rs.1.79 million.

Operating profit for the quarter was Rs.10,583.45 million, an increase from Rs.7,439.40 million in the first quarter of 2024. Net finance income amounted to Rs.26.32 million after accounting for finance income of Rs.282.74 million and finance costs of Rs.256.42 million.

The profit before income tax for the period was Rs.10,609.77 million, with an income tax expense of Rs.4,343.63 million. This resulted in a profit for the period of Rs.6,266.14 million, compared to Rs.5,137.84 million in the previous year. Earnings per share, both basic and diluted, were reported at Rs.24.53, up from Rs.20.11.

The company announced that shareholders registered by May 2, 2025, would be eligible for the declared dividend, with the share book transfer books to be closed from May 5 to May 7, 2025. The quarterly report for the period will be transmitted separately through the Pakistan Unified Corporate Action Reporting System (PUCARS).