SPL rebounds to Rs147m profit in FY26
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MG News | October 12, 2026 at 09:49 AM GMT+05:00
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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