Karachi – April 23, 2025: FrieslandCampina Engro Pakistan Limited (FCEPL) has announced its financial results for the first quarter ended March 31, 2025, showcasing resilience amid a challenging economic landscape.
The company posted a profit after tax of Rs. 1.08 billion, a 63% increase compared to Rs. 665 million in the same period last year, primarily driven by reduced finance costs and enhanced operational efficiency.
Despite a 5.3% decline in net sales to Rs. 26 billion from Rs. 27.46 billion in Q1 2024, FCEPL recorded an operating profit of Rs. 2.22 billion, marking a 12.8% year-on-year growth.
The improvement came in the backdrop of sales tax imposed on UHT milk from July 2024, which has tilted consumer preference back towards unsafe loose milk.
The company continues to emphasize cost optimization and disciplined spending, ensuring a self-sustaining business model.
FCEPL reaffirmed its long-term mission to drive conversion from loose to safe, packaged milk, upholding standards of quality and safety in line with its global dairy legacy.
Frozen Desserts Segment Shines
A standout performance was seen in the Frozen Desserts segment, which reported revenue of Rs. 2.28 billion, soaring by 67.7% from Rs. 1.36 billion in Q1 2024.
The surge was attributed to Eid festivities falling within the quarter and momentum carried over from the previous year.
Read More: Engro Fertilizers’ Q1 2025 Profit Falls 63%
Future Outlook
Looking ahead, FCEPL remains committed to engaging with stakeholders to advocate for fair tax policies that support the formal dairy sector.
The company emphasized that the current tax regime undermines affordability and hampers sector growth. Leveraging FrieslandCampina’s 150+ years of global dairy expertise, FCEPL vows to continue nourishing millions of Pakistanis with safe, nutritious, and affordable dairy products.
The company’s Annual General Meeting was held on April 21, 2025, at the Royal Rodale, Karachi, where performance highlights and strategic direction for the coming year were discussed with shareholders and the Board of Directors.
