LAHORE – Mitchell’s Fruit Farms Limited reported an 11x surge in its first-quarter profit, largely driven by a one-time gain from the disposal of land, or property according to the company’s unaudited financial results for the quarter ended September 30, 2025.
The company posted a net profit of Rs. 183.72 million, a dramatic increase from the Rs. 15.31 million earned in the same period last year. This performance was primarily fueled by an “Other Income” of Rs. 228 million, which the cash flow statement clarifies as a Rs. 222.81 million gain from the sale of property, plant, and equipment.
Excluding this one-off event, the company’s core operational performance showed pressure. Gross profit declined to Rs. 178.37 million from Rs. 182.14 million last year, as cost of sales grew at a faster rate than revenue. Operating profit also fell to Rs. 29.50 million from Rs. 42.66 million, reflecting a rise in administrative and selling expenses.
The company’s financial position remains stable, with a significant increase in un-appropriated profit boosting equity. The proceeds from the land sale also bolstered the company’s cash position, with cash and bank balances rising to Rs. 25.29 million. The results indicate a solid quarter defined by a strategic asset sale that has strengthened the company’s balance sheet.
