Despite tepid revenue growth, Shezan swings back to profitability

Shezan International has returned to the black in its 2025 financial year, converting a deep loss the year before into a solid profit on the back of better margins, lower finance costs and a modest uplift in sales. The Lahore-based food and beverage company – best known for juices, sauces and pantry staples – also signalled fresh momentum in exports and an improving distribution push in key diaspora markets, even as it remains cautious about excise taxes at home.

The headline numbers tell a story of operational repair. Net sales rose to Rs9,183 million in FY25 from Rs8,155 million a year earlier, an increase of 13%. That rise, while hardly spectacular in a year of high food inflation, was enough to leverage a bigger improvement further down the profit and loss statement. Gross profit climbed to Rs2,252 million from Rs1,610 million, lifting the gross margin to 25% from 20% as the product mix and input discipline improved. The company swung from a FY24 loss after tax of Rs463 million to a FY25 profit after tax of Rs163 million.