TRG Pakistan swings to Rs7bn loss in FY26

MG News | October 30, 2026 at 09:54 AM GMT+05:00

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October 30, 2026 (MLN): Net loss of TRG Pakistan Limited (PSX: TRG) stood at Rs6.78bn for the year ended June 30, 2026 (FY26), compared with a profit after taxation of Rs3.92bn in FY25.

Loss per share (LPS) stood at Rs12.43, against earnings per share (EPS) of Rs7.19 in the preceding year.

The swing came from a share of loss of Rs9.11bn, against a share of profit of Rs5.26bn last year. A 20.71% narrower operating loss and a taxation credit, against a charge last year, only partly cushioned the impact.

Interest income fell 61.86% to Rs0.74m from Rs1.95m. Administrative and other expenses declined 20.85% to Rs432.88m from Rs546.93m, and the operating loss narrowed 20.71% to Rs432.14m from Rs544.98m.

Below the operating line, the share of loss stood at Rs9.11bn, compared with a share of profit of Rs5.26bn in FY25. As a result, the company recorded a loss before tax of Rs9.55bn, against a profit before tax of Rs4.71bn last year.

A taxation credit of Rs2.76bn, against a charge of Rs790.00m in FY25, cushioned the loss and left the net loss at Rs6.78bn.

The translation effect was a loss of Rs3.57bn, against a gain of Rs723.70m last year, taking the total comprehensive loss to Rs10.35bn, compared with total comprehensive income of Rs4.65bn in FY25.

Quarter ended September 30, 2026

For the quarter ended September 30, 2026 (1QFY27), profit after taxation fell 59.89% to Rs2.75bn from Rs6.87bn in the same period last year.

EPS declined to Rs5.05 from Rs12.59 in the corresponding quarter last year.

Administrative and other expenses fell to Rs94.97m from Rs191.34m, and the company booked no interest income, against Rs0.30m last year. The operating loss narrowed to Rs94.97m from Rs191.03m.

Share of profit in the equity-accounted investee fell to Rs3.70bn from Rs8.30bn, which took profit before taxation down to Rs3.61bn from Rs8.11bn.

Taxation declined to Rs851.18m from Rs1.25bn, leaving profit after taxation at Rs2.75bn.

After a translation loss of Rs112.24m on the net investment in the foreign associate, against a loss of Rs356.11m last year, total comprehensive income stood at Rs2.64bn, compared with Rs6.51bn.

STATEMENT OF PROFIT OR LOSS FOR YEAR ENDED JUNE 30, 2026 (Rs.000)
Item	2026	2025	Change (%)
Interest Income	743	1,948	-61.86%
Admin and other expenses	(432,880)	(546,932)	-20.85%
Operating loss	(432,137)	(544,984)	-20.71%
Share of (loss) / profit	(9,113,172)	5,258,967
(Loss) / Profit before tax	(9,545,309)	4,713,983
Taxation	2,764,156	(789,998)
(Loss) / Profit after tax	(6,781,153)	3,923,985
Translation effect	(3,566,189)	723,700
Total comprehensive (loss)	(10,347,342)	4,647,685
EPS - basic and diluted	(12.43)	7.19

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