US-Iran War Drives Dagger Through Pakistan Meat Industry

The Organic Meat Company Limited (PSX: TOMCL) experienced a dramatic 74% drop in annual profit to Rs. 405,000 in fiscal year 2026 due to the US-Iran war disrupting shipments to Gulf markets. Profit plummeted from Rs. 1.52 million in FY25, while sales declined by over 11% to Rs. 44.4 million from Rs. 50.5 million a year earlier. Shipping route disruptions have hindered TOMCL's ability to meet export obligations, as the company distributes beef, mutton and camel meat to more than 16 countries, including prominent markets in the United Arab Emirates and Saudi Arabia.

Gross profit contracted 24% to Rs. 1.09 billion, and operating profit fell 62% to Rs. 248.91 million. Administrative expenses rose 4% to Rs. 281 million, and provisions for anticipated credit losses surged 34% to Rs. 212 million. Finance costs decreased 54% to Rs. 64 million, offering some solace but failing to compensate for the revenue and performance decline. Earnings per share plummeted to Rs. 0.57 from Rs. 2.50 in FY25.