Hi-Tech Lubricants swings to Rs319m loss in FY25

September 23, 2025 (MLN): Hi-Tech Lubricants Limited (PSX: HTL) shared its financial results for the year ended June 30, 2025, posting a loss after tax of Rs318.78 million, compared to a profit of Rs111.4m recorded in FY24.

This translated into a loss per share of Rs2.29, versus earnings per share of Rs0.80 last year.

The company’s gross revenue rose 33.9% YoY to Rs35.83 billion (FY24: Rs26.76bn).

After accounting for discounts of Rs500.53m and sales tax of Rs2.28bn, net revenue stood at Rs33.04bn, reflecting an increase of 37.6% over last year’s Rs24.02bn.

Cost of sales surged 37.4% YoY to Rs31.00bn, which restricted gross profit growth to Rs2.04bn, up 41.1% from Rs1.44bn last year.

Operating expenses swelled, with distribution costs climbing 18.3% to Rs1.2bn and administrative expenses increasing 10.3% to Rs798.27m.

Other expenses came in at Rs53.37m. In contrast, other income plunged 73.6% to Rs279.69m, down from Rs1.06bn last year.

As a result, profit from operations dropped sharply by 62.8% to Rs262.49m, compared to Rs706.45m in FY24.

Finance costs were recorded at Rs405.20m, lower than last year’s Rs544.64m (-25.5%). However, after finance charges, the company reported a loss before levy and taxation of Rs142.71m, versus a profit of Rs162.40m last year.

After accounting for levy of Rs151.99m and taxation of Rs24.08m, HTL closed FY25 with a net loss of Rs318.78m, marking a stark reversal from FY24’s Rs111.40m profit.

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