SPL rebounds to Rs147m profit in FY26

MG News | October 12, 2026 at 09:49 AM GMT+05:00

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October 12, 2026 (MLN): Sitara Peroxide Limited (PSX: SPL) staged a dramatic turnaround for the fiscal year ended June 30, 2026, reporting a net profit of Rs147.46m compared to a net loss of Rs222.52m in the preceding year.

Reflecting this operational recovery, basic and diluted earnings per share (EPS) turned positive at Rs2.68, up from a loss per share (LPS) of Rs4.04 in FY25.

The primary catalyst behind the turnaround was a massive surge in "other income" alongside a major tax credit reversal, which successfully offset operational costs and elevated borrowing charges.

"Other income" surged to Rs357.72m (up from Rs12.90m in FY25).

Operating overheads included an administrative expense contraction of 6% to Rs240.41m, an impairment loss of Rs82.50m, and finance costs expanding to Rs38.73m (up from Rs4.74m).

Total operating costs stood at Rs361.63m, allowing profit before taxation to reach Rs14.09m (reversing a pre-tax loss of Rs311.35m).

The company benefited from a tax credit provision of Rs133.37m for the year (up from Rs88.84m in FY25).

Supported by a massive boost in non-operating income and tax benefits, Sitara Peroxide Limited securely closed the fiscal year in the black with a net profit of Rs147.46m.

STATEMENT OF PROFIT OR LOSS FOR THE YEAR ENDED JUNE 30, 2026 (Rs.)
Description	2026	2025	change %
Impairment loss	(82,500,000)	(64,769,108)	27.4%
Administrative expenses	(240,405,328)	(254,749,594)	-5.6%
Finance cost	(38,725,966)	(4,735,314)	717.8%
Operating costs subtotal	(361,631,294)	(324,254,016)	11.5%
Other income	375,722,952	12,900,000	2812.6%
Profit / (loss) for the year before levies and income tax	14,091,658	(311,354,016)
Levies	-	-
Profit / (loss) for the year before income tax	14,091,658	(311,354,016)
Provision for taxation	133,367,601	88,835,172	50.1%
Profit / (loss) for the year	147,459,259	(222,518,844)
Earning per share - basic and diluted (Rupees)	2.68	(4.04)

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