RMPL Rafhan Maize Products Company Limited
Latest results: FY2025 · Dec 2025
Last close · 16 Oct 2026
Rs 8,453.33 -0.04%
Financials
Rafhan Maize Products Company Limited (RMPL) financials
20 years of annual results (FY2006 – FY2025).
Rafhan Maize Products Company Limited (RMPL) reported revenue of Rs 73.4 bn for FY2025 (Jan – Dec 2025), up 4.9% from FY2024.
Profit attributable to shareholders was Rs 6.5 bn (EPS Rs 707.51), down 12.6%, a net margin of 8.9%.
It declared a dividend of Rs 480.00 per share for FY2025 and has paid a dividend in each of the last 20 years.
The balance sheet showed net cash of Rs 3.8 bn.
Return on equity was 23.3%.
Over the last five years revenue grew at a compound 15.4% a year.
At Rs 8,453.33 (close on 16 Oct 2026) the shares trade at 11.9× earnings (FY2025) and 2.68× book value, with a dividend yield of 5.7%.
Fundamentals
RMPL at a glance
Revenue · FY2025
Rs 73.4 bn
▲ 4.9% year on year
Profit attributable to shareholders · FY2025
Rs 6.5 bn
▼ 12.6% year on year
EPS – basic (Rs) · FY2025
Rs 707.51
▼ 12.6% year on year
Dividend per share (Rs) · FY2025
Rs 480.00
▲ 28.0% year on year
Net margin · FY2025
8.9%
-1.8 pts year on year
Debt to equity · FY2025
29.8%
-2.1 pts year on year
Financial statements
Income statement
Revenue, costs, profit and earnings per share.
- Revenue · FY2025
- Rs 73.4 bn
- Profit attributable · FY2025
- Rs 6.5 bn
Balance sheet
Assets, liabilities, debt and shareholders' equity.
- Total assets · FY2025
- Rs 59.2 bn
- Equity · FY2025
- Rs 29.2 bn
Financial highlights
RMPL financial results
| Rs bn | FY2025 Jan – Dec 2025 | FY2024 Jan – Dec 2024 | FY2023 Jan – Dec 2023 | FY2022 Jan – Dec 2022 | FY2021 Jan – Dec 2021 | FY2020 Jan – Dec 2020 | FY2019 Jan – Dec 2019 | FY2018 Jan – Dec 2018 | FY2017 Jan – Dec 2017 | FY2016 Jan – Dec 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 73.4 | 69.9 | 65.5 | 58.8 | 42.6 | 35.9 | 35.3 | 29.6 | 26.0 | 25.1 |
| Gross profit | 13.8 | 14.6 | 14.0 | 11.8 | 10.3 | 9.8 | 9.0 | 8.2 | 7.4 | 6.7 |
| Operating profit | 10.4 | 11.6 | 11.3 | 9.6 | 8.5 | 8.1 | 7.4 | 6.6 | 6.0 | 5.6 |
| Profit after tax | 6.5 | 7.5 | 6.9 | 6.2 | 6.3 | 6.1 | 5.4 | 4.8 | 4.4 | 3.9 |
| Profit attributable to shareholders | 6.5 | 7.5 | 6.9 | 6.2 | 6.3 | 6.1 | 5.4 | 4.8 | 4.4 | 3.9 |
| EPS – basic (Rs) Rs | 707.51 | 809.31 | 748.43 | 669.02 | 677.46 | 659.80 | 589.36 | 516.62 | 475.54 | 420.01 |
| Dividend per share (Rs) Rs | 480.00 | 375.00 | 350.00 | 275.00 | 600.00 | 550.00 | 500.00 | 425.00 | 375.00 | 470.00 |
| Total assets | 59.2 | 51.9 | 51.3 | 32.7 | 24.1 | 22.8 | 18.6 | 16.9 | 16.7 | 16.4 |
| Total equity | 29.2 | 26.9 | 23.0 | 19.0 | 15.9 | 16.1 | 14.6 | 13.1 | 12.3 | 13.0 |
| Total debt | 8.7 | 8.6 | 6.4 | 2.1 | 0.9 | 0.2 | 0.0 | — | — | — |
| Net cash from operating activities | 4.2 | 7.8 | 9.2 | 1.1 | 1.9 | 7.6 | 5.3 | 6.1 | 4.2 | 4.5 |
| Capital expenditure | (2.6) | (1.9) | (2.4) | (0.9) | (0.5) | (0.3) | (0.3) | (0.2) | (0.7) | (0.9) |
| Free cash flow (operating cash flow − capex) | 1.6 | 5.9 | 6.8 | 0.2 | 1.4 | 7.3 | 5.0 | 5.9 | 3.5 | 3.7 |
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. Updated 15 Oct 2026.