Treet Corporation FY26 profit jumps 40% to Rs779m

September 30, 2026 (MLN): Consolidated profit after tax of Treet Corporation Limited (PSX: TREET) rose 39.59% year-on-year to Rs779.33m for the fiscal year ended June 30, 2026 (FY26), compared with Rs558.29m in FY25.

Basic and diluted earnings per share (EPS) improved to Rs2.02, up from Rs1.36 in the preceding year.

The growth came from a 30% cut in finance costs, a sharp jump in share of profit from associates and a stronger gross margin, which together outweighed higher operating expenses, a heavier tax charge and a marginal dip in revenue.

Net revenue from contracts with customers declined 1.61% to Rs26.26bn from Rs26.69bn in FY25. Cost of revenue fell faster, by 5.31% to Rs18.46bn from Rs19.50bn, lifting gross profit 8.44% to Rs7.79bn from Rs7.19bn.

The gain at the gross level was partly absorbed by higher operating costs.

Administrative expenses rose 24.52% to Rs2.02bn from Rs1.62bn, while distribution costs increased 10.96% to Rs2.99bn from Rs2.69bn. Other operating expenses dropped 20.10% to Rs208.52m from Rs260.99m. The operating expense subtotal grew 13.99% to Rs5.21bn from Rs4.57bn.

As a result, profit from operations edged down 1.27% to Rs2.58bn, compared with Rs2.61bn in FY25.

Below the operating line, finance cost fell 30.37% to Rs1.20bn from Rs1.72bn, providing significant relief.

Other income declined 20.60% to Rs214.75m from Rs270.48m. Share of profit from associates more than tripled to Rs64.56m from Rs17.47m.

Profit before income tax and levy climbed 40.81% to Rs1.66bn from Rs1.18bn. After a 26.66% decline in levy to Rs152.66m from Rs208.16m, profit before income tax rose 55.27% to Rs1.51bn from Rs971.18m.

Income tax expense rose 76.47% to Rs728.63m from Rs412.89m, which tempered the bottom-line growth to 39.59%.

Of the total, profit attributable to equity holders of the parent grew 48.68% to Rs747.83m from Rs502.97m. Profit attributable to non-controlling interest fell 43.07% to Rs31.49m from Rs55.32m.

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