TPLT loss swells sixfold to Rs208m in H1FY26

February 23, 2026 (MLN): TPL Trakker Limited (PSX: TPLT) reported a net loss of Rs207.93 million for the year ended December 31, 2025, compared to a loss of Rs34.63m in the corresponding period last year, showing a more than sixfold increase in losses.

Loss per share widened to Rs1.11 compared to a loss per share of Rs0.13 in H1FY25.

Net turnover declined 37.6% year-on-year to Rs920.63 million from Rs1.48bn, indicated significant topline contraction.

Cost of sales decreased 25.8% to Rs660.53m from Rs890.70m. However, gross profit dropped 55.5% to Rs260.10m from Rs584.72m as revenue fell at a faster pace.

Gross profit margin compressed to 28.3% compared to 39.6% in the previous year, highlighting pressure on core margins.

Distribution expenses fell 41.8% to Rs39.14m from Rs67.23m, while administrative expenses declined 57.6% to Rs152.58m from Rs359.98m, showing cost rationalization efforts.

Research and development expenses reduced 44.1% to Rs25.45 million. Meanwhile, other expenses surged more than 190 times to Rs12.49m compared to Rs64 thousand last year.

Operating profit decreased 56.6% to Rs68.37m from Rs157.51m, in line with weaker gross profitability.

Other income declined 50.9% to Rs27.15m from Rs55.28m, limiting non-core earnings support.

Finance costs provided partial relief, falling 29.6% to Rs149.74m from Rs212.82m.

The company also recorded a share of loss from associate amounting to Rs3.75m during the year.

Loss before income tax and levies widened more than twofold to Rs95.91m compared to Rs45.60m in H1FY25.

Levies, primarily minimum tax, increased nearly twofold to Rs24.06m from Rs12.27m.

Total taxation expense jumped nearly fourfold to Rs87.96m from Rs23.24m last year, with deferred tax of Rs73.72m significantly weighing on earnings.

As a result, TPL Trakker’s net loss expanded more than six times to Rs207.93m.

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