The Organic Meat Company Limited (PSX: TOMCL) saw its annual profit plunge 74 percent to $405,000 in fiscal year 2026 as the US-Iran war disrupted shipments to Gulf markets.
The company’s profit fell from $1.52 million in FY25, while sales declined more than 11 percent to $44.4 million from $50.5 million a year earlier.
Disruptions to Gulf shipping routes have made it harder for the company to fulfil export commitments.
TOMCL exports beef, mutton and camel meat to more than 16 countries, including major markets in the United Arab Emirates and Saudi Arabia. Disruptions to regional shipping routes have complicated deliveries.
The company’s gross profit fell 24 percent to Rs. 1.09 billion, while operating profit dropped 62 percent to Rs. 248.91 million.
Administrative expenses increased 4 percent to Rs. 281 million, while provisions for expected credit losses rose 34 percent to Rs. 212 million.
Finance costs fell 54 percent to Rs. 64 million, providing some relief, but not enough to offset the decline in revenue and operating performance. Earnings per share dropped to Rs. 0.57 from Rs. 2.50 in FY25.
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