SLGL profit surges 82% in 9MCY25

October 31, 2025 (MLN):  Secure Logistics - Trax Group Limited (PSX: SLGL) reported a profit after taxation of Rs708.7m for the nine months ended September 30, 2025, surging 82% from Rs390.2m in the corresponding period last year.

Basic and diluted earnings per share increased 51% to Rs2.16 compared to Rs1.43 in 9MCY24.

Net revenue declined 29% year-on-year to Rs1.09bn from Rs1.55bn, reflecting weaker revenue generation during the period. Cost of services decreased 35% to Rs729.8m from Rs1.12bn.

Gross profit contracted 15% to Rs361.9m against Rs425m in 9MCY24, with the gross margin improving to 33.2% from 27.5% in the prior year period, indicating better cost management despite lower revenues.

Administrative expenses increased 8% to Rs97.2m from Rs89.9m. The company reported no other expense in either period.

The company recorded an operating profit of Rs264.7m, down 21% from Rs335.1m in 9MCY24.

Finance costs declined 85% to Rs31.3m from Rs202.3m in the previous year, providing substantial relief to the bottom line. Other income declined 91% to Rs502.8 thousand from Rs5.35m in 9MCY24.

Profit before levies and income tax stood at Rs679.4m, up 53% from Rs443.4m in 9MCY24. Levies stood at Rs4.95m in 9MCY25, which were absent in the prior period.

Profit before income tax increased 52% to Rs674.5m from Rs443.4m in 9MCY24.

Taxation turned positive at Rs34.2m compared to a reversal of Rs53.2m in the prior period.

The company concluded 9MCY25 with a net profit of Rs708.7m, delivering a net profit margin of 64.9% compared to 25.2% in 9MCY24.

The exceptional profit growth was driven primarily by a 45% increase in share of profit from subsidiary, which contributed Rs442.4m, and an 85% reduction in finance costs, more than offsetting the 29% decline in net revenue and lower operating profit, demonstrating the strength of the company's investment portfolio in the logistics sector.

Copyright Mettis Link News