The Organic Meat Company Limited (TOMCL) recorded a 74 percent decline in annual profit to around $405,000 in fiscal year 2026 as the US-Iran war disrupted shipments to key Gulf markets.

The company’s sales fell 12 percent to $44.4 million in the year ended June 30, 2026, compared with $50.5 million in FY25.

Chief Financial Officer Rizwan Abbas Punjwani said disruptions to Gulf shipping routes had made it difficult for the company to meet existing export commitments.

TOMCL exports beef, mutton and camel meat to more than 16 countries, including the United Arab Emirates and Saudi Arabia. Shipping difficulties have affected the movement of goods to these markets, putting pressure on the company’s business.

The exporter’s gross profit declined 24 percent to Rs1.09 billion, while operating profit dropped 62 percent to Rs248.91 million.

Administrative expenses rose 4 percent to Rs281.36 million, and provisions for expected credit losses increased 34 percent to Rs211.87 million.

Finance costs fell 54 percent to Rs64.15 million, but the reduction was not enough to offset the decline in earnings. Earnings per share also dropped to Rs0.57 from Rs2.50 in the previous fiscal year.

The results highlight the pressure on Pakistani exporters as regional shipping disruptions complicate trade with Gulf markets.