TPL Corp swings to Rs1bn profit on strong revenue surge

November 20, 2025 (MLN): TPL Corp Limited (PSX: TPL) reported a significant turnaround for the quarter ended September 30, 2025, recording a profit after tax of Rs1.23 billion, compared to a loss of Rs1.57bn in the same period last year.

The sharp improvement was driven by robust revenue growth and a strong rebound in operating profitability.

Turnover nearly doubled, rising 91% year-on-year to Rs3.58bn from Rs1.87bn in 3QFY24, supported by improved business activity across the group.

Cost of sales declined 9% to Rs1.13bn, enabling gross profit to surge 285% to Rs2.45bn, compared to Rs636.4m last year.

Distribution expenses fell 25% to Rs70.06m, while administrative expenses increased 25% to Rs900.8m.

As a result, TPL reported an operating profit of Rs1.48bn, a sharp turnaround from the operating loss of Rs178.4m in the same quarter last year.

Other income improved notably to Rs90.60m from a loss of Rs559.47m last year, providing further support to earnings. Finance costs declined 61% to Rs258.21m, showing improved financial management and lower leverage.

The company also recorded a share of loss from associate amounting to Rs1.17m, while the share of PTF contributed positively at Rs16.96m, compared to a loss of Rs8.34m last year.

Profit before taxation came in at Rs1.27bn, versus a loss of Rs1.53bn in the prior year period. Taxation expense increased 13% to Rs45.07m.

TPL concluded the quarter with a net profit of Rs1.23bn, marking turnaround from the loss recorded last year.

The company also reported a fair value gain of Rs3.67m on equity instruments, compared to a loss of Rs7.39m last year. Total comprehensive income for the period stood at Rs1.23bn.

Earnings per share improved to Rs1.10, compared to a loss of Rs3.49 in the same quarter last year.

The remarkable recovery was driven by a 91% surge in revenue, an increase in gross profit, substantial improvement in other income, and efficient cost management highlighting a strong operational rebound for TPL Corp during the period.

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