Last close · 16 Oct 2026
Rs 316.91 +0.59%
Financials
National Foods Limited (NATF) financials
20 years of annual results (FY2007 – FY2026), 80 quarters.
National Foods Limited (NATF) reported revenue of Rs 50.7 bn for FY2026 (Jul 2025 – Jun 2026), down 50.0% from FY2025.
Profit attributable to shareholders was Rs 26.0 bn (EPS Rs 111.42), up 650.4%, a net margin of 11.7%.
It declared a dividend of Rs 30.00 per share for FY2026 and has paid a dividend in each of the last 17 years.
The balance sheet showed net cash of Rs 9.1 bn.
Return on equity was 24.8%.
Over the last five years revenue grew at a compound 7.9% a year.
At Rs 316.91 (close on 16 Oct 2026) the shares trade at 2.8× earnings (FY2026) and 2.38× book value, with a dividend yield of 9.5%.
Fundamentals
NATF at a glance
Revenue · FY2026
Rs 50.7 bn
▼ 50.0% year on year
Profit attributable to shareholders · FY2026
Rs 26.0 bn
▲ 650.4% year on year
EPS – basic (Rs) · FY2026
Rs 111.42
▲ 650.3% year on year
Dividend per share (Rs) · FY2026
Rs 30.00
▲ 233.3% year on year
Net margin · FY2026
11.7%
+7.3 pts year on year
Debt to equity · FY2026
36.3%
-62.5 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2026
- Rs 50.7 bn
- Profit attributable · FY2026
- Rs 26.0 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2026
- Rs 52.6 bn
- Equity · FY2026
- Rs 31.1 bn
Financial highlights
NATF financial results
| Rs bn | FY2026 * Jul 2025 – Jun 2026 | FY2025 * Jul 2024 – Jun 2025 | FY2024 Jul 2023 – Jun 2024 | FY2023 * Jul 2022 – Jun 2023 | FY2022 Jul 2021 – Jun 2022 | FY2021 * Jul 2020 – Jun 2021 | FY2020 * Jul 2019 – Jun 2020 | FY2019 * Jul 2018 – Jun 2019 | FY2018 Jul 2017 – Jun 2018 | FY2017 Jul 2016 – Jun 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 50.7 | 101.3 | 86.4 | 64.3 | 45.5 | 34.6 | 28.7 | 24.3 | 21.6 | 16.8 |
| Gross profit | 19.4 | 28.8 | 23.3 | 18.0 | 12.9 | 9.6 | 8.3 | 6.9 | 6.6 | 5.4 |
| Operating profit | 7.5 | 8.4 | 6.2 | 5.5 | 4.5 | 3.0 | 2.5 | 1.8 | 1.3 | 1.4 |
| Profit after tax | 5.9 | 4.4 | 2.8 | 3.8 | 2.7 | 2.0 | 1.7 | 1.4 | 1.0 | 1.0 |
| Profit attributable to shareholders | 26.0 | 3.5 | 1.9 | 3.2 | 2.4 | 1.8 | 1.5 | 1.3 | 1.0 | 1.0 |
| EPS – basic (Rs) Rs | 111.42 | 14.85 | 8.19 | 13.78 | 10.40 | 7.54 | 6.32 | 5.56 | 4.33 | 4.09 |
| Dividend per share (Rs) Rs | 30.00 | 9.00 | 6.50 | 2.50 | 5.00 | 4.00 | 3.20 | 2.13 | 1.67 | 1.89 |
| Total assets | 52.6 | 45.5 | 45.3 | 39.2 | 27.1 | 20.2 | 15.2 | 13.3 | 10.9 | 9.4 |
| Total equity | 31.1 | 16.0 | 14.1 | 13.2 | 9.5 | 7.3 | 6.1 | 5.0 | 4.0 | 3.4 |
| Total debt | 11.3 | 15.8 | 16.9 | 12.8 | 8.1 | 5.7 | 3.0 | 3.2 | 3.0 | 2.0 |
| Net cash from operating activities | 6.2 | 6.0 | 6.9 | 2.9 | 1.4 | 2.5 | 3.0 | 1.9 | 1.3 | 1.4 |
| Capital expenditure | (2.0) | (2.0) | (3.8) | (3.8) | (3.1) | (0.9) | (0.9) | (1.0) | (1.7) | (1.4) |
| Free cash flow (operating cash flow − capex) | 4.2 | 4.0 | 3.1 | (0.8) | (1.7) | 1.6 | 2.1 | 0.9 | (0.4) | 0.0 |
| Rs bn | TTM to Jun 2026 | Q4 FY2026 Apr – Jun 2026 | Q3 FY2026 Jan – Mar 2026 | Q2 FY2026 * Oct – Dec 2025 | Q1 FY2026 * Jul – Sep 2025 | Q4 FY2025 Apr – Jun 2025 | Q3 FY2025 Jan – Mar 2025 | Q2 FY2025 Oct – Dec 2024 | Q1 FY2025 * Jul – Sep 2024 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 50.7 | 11.7 | 16.3 | 12.4 | 10.2 | 27.0 | 27.0 | 24.0 | 8.9 |
| Gross profit | 19.4 | 3.9 | 6.5 | 5.1 | 4.0 | 7.8 | 8.5 | 6.7 | 2.7 |
| Operating profit | 7.5 | 1.1 | 3.1 | 2.1 | 1.2 | 2.0 | 2.8 | 2.0 | 0.3 |
| Profit after tax | 5.9 | 0.6 | 2.7 | 1.8 | 0.8 | 0.8 | 2.0 | 1.0 | (0.2) |
| Profit attributable to shareholders | 26.0 | 0.6 | 2.7 | 21.4 | 1.3 | 0.5 | 1.8 | 0.8 | 0.3 |
| EPS – basic (Rs) Rs | 111.43 | 2.76 | 11.39 | 91.69 | 5.59 | 2.33 | 7.85 | 3.51 | 1.16 |
| Dividend per share (Rs) Rs | 30.00 | 5.00 | 4.00 | 3.00 | 18.00 | 5.00 | 2.00 | 2.00 | 0.00 |
| Total assets | 52.6 | 52.6 | 54.7 | 51.8 | 46.1 | 45.5 | 45.3 | 44.4 | 43.2 |
| Total equity | 31.1 | 31.1 | 31.8 | 29.9 | 17.4 | 16.0 | 15.4 | 13.8 | 14.8 |
| Total debt | 11.3 | 11.3 | 10.8 | 11.4 | 8.6 | 15.8 | 15.9 | 17.2 | 15.6 |
| Net cash from operating activities | — | — | 0.4 | 1.0 | 2.1 | 1.7 | 3.1 | 2.3 | (1.2) |
| Capital expenditure | — | — | (21.0) | (0.6) | (0.1) | — | (1.5) | (0.7) | (0.4) |
| Free cash flow (operating cash flow − capex) | — | — | (20.6) | 0.4 | 2.0 | — | 1.6 | 1.6 | (1.6) |
Figures in Pakistani rupees as reported by the company; costs and cash outflows in brackets. Free cash flow and book value per share are calculated by Smart Money; TTM = the latest four quarters. * Some FY2026 figures do not fully reconcile in the source data. Updated 16 Oct 2026.