.png){kind=small}
Pan Brothers (PBRX) posted a net loss of USD 5.74 million in the first half of 2026, plunging 106.06% from a net profit of USD 94.63 million recorded in the same period last year. Following this bottom-line drop, basic loss per share stood at USD 0.00027, reversing from earnings per share of USD 0.00441 previously.
This downturn occurred despite a 12.13% surge in net sales, which climbed to USD 134.69 million compared to USD 120.11 million in the year-ago period. However, cost of goods sold (COGS) also escalated to USD 122.86 million from USD 109.10 million previously. Gross profit edged higher to USD 11.82 million, up from USD 11.00 million.
Selling expenses decreased slightly to USD 1.52 million from USD 1.55 million, while general and administrative expenses rose to USD 11.10 million from USD 11.05 million. Operating loss narrowed to USD 804.68 thousand from USD 1.60 million. However, other income saw a sharp reduction, plunging to USD 1.25 million from USD 102.25 million. Finance costs rose slightly to USD 4.90 million from USD 4.83 million.
Consequently, net loss for the current period stood at USD 5.18 million, reversing from a net profit of USD 93.07 million. Total equity contracted to USD 55.03 million, down from USD 59.14 million at the end of last year. Accumulated deficit expanded to USD 284.75 million from USD 281.14 million. Meanwhile, total liabilities increased to USD 155.25 million from USD 149.77 million at year-end, driving total assets up to USD 210.28 million from USD 208.91 million.
In yesterday's trading session, PBRX shares fell 7.14%, or 2 points, to close at Rp26 per share. Year-to-date (YTD) since January 2, 2026, when it traded at Rp38, PBRX stock has slumped 31.58% or 12 points.
Key Takeaways & Summary:
Net Earnings: Pan Brothers (PBRX) posted a net loss of $5.74M in H1 2026, a 106.06% plunge from a $94.63M profit in H1 2025. Basic EPS turned negative at -$0.00027 (vs. +$0.00441 previously).
Revenue & COGS: Sales rose 12.13% YoY to $134.69M (from $120.11M). However, Cost of Goods Sold (COGS) increased to $122.86M (from $109.10M), resulting in a gross profit of $11.82M (up from $11.00M).
Operating Expenses & Other Income:
- Selling expenses: $1.52M (down from $1.55M).
- General & administrative expenses: $11.10M (up from $11.05M).
- Operating loss: $804.68K (narrowed from $1.60M).
- Other income: Dropped sharply to $1.25M (from $102.25M).
- Finance costs: $4.90M (up from $4.83M).
Balance Sheet Snapshot:
- Current Period Loss: $5.18M (down from a $93.07M net profit).
- Equity: Decreased to $55.03M (vs. $59.14M at year-end 2025).
- Accumulated Deficit: Widened to $284.75M (from $281.14M).
- Liabilities: Increased to $155.25M (from $149.77M).
- Assets: Total assets edged up to $210.28M (from $208.91M).
Stock Performance: PBRX shares fell 7.14% (-2 pts) to Rp26 yesterday. Year-to-date (YTD), the stock is down 31.58% (-12 pts) from Rp38 on January 2, 2026.
