Loads Limited posts turnaround with Rs64m profit in 9MFY25

April 28, 2025 (MLN): Loads Limited (PSX: LOADS) posted a turnaround in its financial performance for the nine months ended March 31, 2025, recording a net profit of Rs64.29 million [EPS: Rs0.83], compared to a loss of Rs192.65m in the same period last year.

The company's revenue from contracts with customers rose by 43.35% to Rs4.35 billion, up from Rs3.03bn in the corresponding period of 2024.

Gross profit saw a remarkable increase of 129.70%, amounting to Rs945.71m for the period under review, supported by a relatively moderate rise of 29.78% in the cost of revenue, which stood at Rs3.4bn.

Administrative, selling, and general expenses surged by 67.20% to Rs267.03m, while there was no expected credit loss recorded during the period, compared to a charge of Rs750m last year.

On the income side, other income sharply declined by 94.97%, totaling Rs54.7m compared to Rs1.09bn in SPLY. Despite this, operating profit increased by 26.70% to Rs695.64m.

Financial charges decreased by 23.19%, standing at Rs356.38m compared to Rs464m last year.

As a result, the company’s profit before income taxes surged by an impressive 298.98% to Rs339.26m.

On the taxation front, income taxes remained almost flat, recording a slight decrease of 0.97% to Rs274.97m.

Profit attributable to owners of the parent company rose by 38.86% to Rs208.29m, whereas the loss attributable to non-controlling interest narrowed by 57.86% to Rs144m.

The company reported basic and diluted earnings per share (EPS) of Rs0.83, reflecting a 40.68% increase from Rs0.59 recorded in the same period last year.

Copyright Mettis Link News