At-Tahur Limited (PREMA) reported earnings per share of PKR 2.42 for FY25, compared to earnings per share of PKR 1.62 in FY24. Furthermore, in 1QFY26, the company reported earnings per share of PKR 0.20, compared to earnings per share of PKR 0.11 in the same period last year (SPLY).
Overall, management emphasized that the strategic direction of the business is to continue diversification, reducing reliance on fresh milk and increasingly shifting toward higher margin, value added product categories. Management also highlighted that the company has obtained regulatory approvals for the production of edible oil.
Under this arrangement, Minha Oil will handle production and market the product under the Prema brand name. Management reiterated that the primary driver of volatility in reported EPS is the fair value gain on biological assets, which creates swings in accounting profit despite stable underlying operations.
The company is intensifying its focus on deepening penetration in the Karachi market. Currently, one 40-foot container of milk and one 20-foot container of eggs are shipped weekly, with plans to increase frequency as demand scales. Value-added products remain a key margin contributor, with eggs and honey both generating strong double-digit margins. The company is also progressing on a biogas initiative in partnership with Clover.
Under this project, Clover will utilize cow dung to fuel biodigesters that produce methane to operate power generators. The initial generation target is 500–600 kW, with expansion potential beyond 1 MW in subsequent phases. The farm’s current herd size stands at approximately 6,500 animals, with a typical 50:50 split between mature animals and calves.
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