Hi-Tech Lubricants swings to Rs319m loss in FY25

MG News | September 23, 2025 at 10:45 AM GMT+05:00

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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.

CONSOLIDATED STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2025
Description	FY25	FY24	change%
GROSS REVENUE FROM CONTRACTS WITH CUSTOMERS	35,827,893,721	26,759,270,163	33.9%
Discounts	(500,531,587)	(628,306,843)	-20.3%
Sales tax	(2,284,458,166)	(2,114,480,990)	8.0%
NET REVENUE FROM CONTRACTS WITH CUSTOMERS	33,042,903,968	24,016,482,330	37.6%
COST OF SALES	(31,003,865,061)	(22,571,816,010)	37.4%
GROSS PROFIT	2,039,038,907	1,444,666,320	41.1%
DISTRIBUTION COST	(1,204,599,426)	(1,018,633,572)	18.3%
ADMINISTRATIVE EXPENSES	(798,265,801)	(723,546,889)	10.3%
OTHER EXPENSES	(53,368,412)	(54,558,901)	-2.2%
TOTAL EXPENSES	(2,056,233,639)	(1,769,739,362)	16.2%
OTHER INCOME	279,688,391	1,058,520,303	-73.6%
PROFIT FROM OPERATIONS	262,493,659	706,447,261	-62.8%
FINANCE COST	(405,199,105)	(544,046,620)	-25.5%
(LOSS) / PROFIT BEFORE LEVY AND TAXATION	(142,705,446)	162,400,641
LEVY	(151,998,856)	(111,560,224)	36.2%
(LOSS) / PROFIT BEFORE TAXATION	(294,704,302)	50,840,417
TAXATION	(24,076,599)	60,563,380
(LOSS) / PROFIT AFTER TAXATION	(318,780,901)	111,403,797
(LOSS) / EARNINGS PER SHARE - BASIC AND DILUTED	(2.29)	0.80

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