Fan Milk PLC Posts Strong First-Quarter Financial Performance in 2026

Mon, 04 May 2026 03:22:00 +0200

Fan Milk PLC began the 2026 financial year with a robust performance, reporting a profit before tax of GH₵61.2 million for the first quarter ended March 31, 2026, marking an 84% increase compared to GH₵33.2 million in the same period last year. Revenue grew by 33% to GH₵321.6 million, driven by steady consumer demand and resilient distribution networks despite economic pressures. Gross profit rose significantly from GH₵90.7 million to GH₵150.3 million, reflecting improved cost management, although the cost of sales also increased. Operating expenses, including sales, distribution, and administrative costs, saw notable rises, while finance costs nearly doubled due to higher interest obligations. Income tax expense surged to GH₵32 million, reducing the profit after tax to GH₵27.6 million, a 14.6% increase from the prior year. Earnings per share improved from GH₵0.21 to GH₵0.24. The company invested GH₵3.4 million in capital expenditure and retained earnings instead of paying dividends. C