TBL 9MFY26 loss shrinks 79%

April 28, 2026 (MLN): Treet Battery Limited (PSX: TBL) reported a massive 79% reduction in its net loss for the nine months ended March 31, 2026, recording a loss of Rs45.53m compared to a  net loss of Rs213.48m in the corresponding period last year.

Reflecting this significant improvement, the company's loss per share narrowed to Rs0.04 from Rs0.24 in 9MFY25.

The narrowed loss was achieved despite top-line headwinds, primarily due to a massive reduction in debt-servicing costs.

TBL’s net sales posted an 11% year-on-year decline, falling to Rs5.01bn from Rs5.63bn. The cost of sales fell in tandem by 11% to Rs3.94bn.

Driven by the lower sales volume, the company’s gross profit contracted by 10%, settling at Rs1.08bn compared to Rs1.20bn in the prior year.

On the operational front, overheads crept up slightly.

 Administration and general expenses rose by 29% to Rs91.38m, while selling and distribution expenses edged up by 1% to Rs627.85m. Squeezed by the shrinking gross margins and a 4% overall increase in operating expenses, the operating profit declined by 30% to Rs350.36m.

The real turning point for TBL occurred below the operating line.

The company successfully slashed its finance costs by a massive 50%, halving them to Rs379.21m from a crippling Rs764.05m burden in the same period last year.

Although "other income" also dropped by 52% to Rs54.23m, the sheer magnitude of the savings in financial charges allowed the company to post a profit before levies and income tax of Rs25.38m, a complete turnaround from the Rs148.72m loss recorded at this level last year.

After accounting for statutory levies of Rs70.38m (down 9%), the loss before income tax stood at Rs45m, an 80% improvement from the Rs226.31m loss in 9MFY25.

With a minimal taxation expense of Rs526,000, Treet Battery concluded the nine-month period with its final net loss significantly contained at Rs45.53m.

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