Mitchells Fruit Farms Limited has released its quarterly financial report for the period ended September 30, 2026, showing significant revenue growth but a notable decline in profitability.
- Revenue for Q1 FY2027 reached PKR 951.6M, up 35.5% from PKR 702.2M in Q1 FY2026.
- Gross profit increased by 33.6% to PKR 238.3M, with a slight decrease in gross margin to 25.0%.
- Operating loss of PKR 150.1M compared to an operating profit of PKR 29.5M in the same quarter last year.
- Net loss after taxation stood at PKR 177.8M, a stark contrast to the profit of PKR 183.7M reported in Q1 FY2026, resulting in an EPS of PKR -6.93 versus PKR 7.16.
- Administrative expenses surged to PKR 102.9M from PKR 56.0M, while selling and distribution expenses rose to PKR 285.5M from PKR 92.9M, reflecting increased investment in commercial capabilities.
- The company utilized PKR 265M from its rights issue for working capital, with remaining funds allocated for civil works and machinery replacement.
- The financial statements are unaudited and prepared in compliance with applicable accounting standards.