TREET rebounds from loss, reports profit in 9MFY25

News Image

MG News | April 25, 2025 at 10:17 AM GMT+05:00

0:00

April 25, 2025 (MLN): Treet Corporation Limited (PSX: TREET) has reported its financial results for the nine months ended March 31, 2025 (9MFY25), posting a profit after tax of Rs886.98 million [EPS: Rs2.39], a significant turnaround from the loss of Rs142.5m [EPS: -Rs0.65] reported in the same period last year.

The company’s revenue rose by 13.04% YoY to Rs9.61 billion in 9MFY25, compared to Rs8.5bn in the corresponding period of FY24.

This increase in revenue, coupled with a modest 6.06% rise in cost of revenue, led to a notable 30.24% YoY surge in gross profit, which stood at Rs3.2bn for the period under review.

On the expense front, administrative costs increased by 23.66% YoY to Rs953.25m, while distribution costs jumped by 43.29% to Rs1.21bn.

Other operating expenses surged significantly to Rs29.12m from just Rs1.08m in the prior year, reflecting higher operational charges.

Despite higher expenses, TREET reported an operating profit of Rs1.01bn, marking a 19.88% increase from Rs838.87m last year.

This growth was further supported by a strong rise in other income, which climbed 39.32% YoY to Rs785.61m, up from Rs563.88m.

Moreover, finance costs saw a substantial decline of 59.38% YoY, dropping to Rs617.52m compared to Rs1.52bn in the previous year, which significantly boosted the bottom line.

On the taxation front, the company incurred a higher tax expense of Rs159.39m in 9MFY25 versus Rs14.73m in SPLY, depicting a substantial rise of 982% YoY.

Condensed Interim Statement of Profit and Loss for the Nine Months Ending March 31, 2025 (Rupees in '000)
Category Mar-25 Mar-24 %Change
Revenue - net 9,609,845 8,501,255 13.04%
Cost of revenue (6,413,391) (6,047,064) 6.06%
Gross profit 3,196,454 2,454,191 30.24%
Administrative expenses (953,252) (770,870) 23.66%
Distribution cost (1,208,474) (843,373) 43.29%
Other operating expenses (29,117) (1,078) 2601.02%
Operating profit 1,005,611 838,870 19.88%
Finance cost (617,523) (1,520,107) -59.38%
Other income 785,608 563,879 39.32%
Profit before levies and income tax 1,173,696 (117,358)  
Minimum tax differential (16,564) (1,354) 1123.34%
Final tax (110,766) (9,052) 1123.66%
Profit before income tax 1,046,366 (127,764)  
Income tax (159,387) (14,731) 981.98%
Profit for the period 886,979 (142,495)  
Basic earnings per share (Rupees) 2.39 (0.65)  

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 138,788.46
119.75M
0.09%
122.97
ALLSHR 85,570.11
301.22M
-0.15%
-129.39
KSE30 42,358.39
44.75M
0.01%
5.26
KMI30 193,876.62
40.82M
-0.67%
-1305.42
KMIALLSHR 56,217.88
143.52M
-0.30%
-171.27
BKTi 38,243.13
10.00M
-0.47%
-179.85
OGTi 27,554.34
3.52M
-0.59%
-163.92
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,550.00 121,165.00
119,315.00
1260.00
1.06%
BRENT CRUDE 70.17 70.30
69.41
0.65
0.94%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
0.95
0.99%
ROTTERDAM COAL MONTHLY 105.00 0.00
0.00
0.20
0.19%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.87 66.98
66.12
0.49
0.74%
SUGAR #11 WORLD 16.75 16.88
16.54
0.19
1.15%

Chart of the Day


Latest News
July 18, 2025 at 11:31 AM GMT+05:00

GCWL moves toward commercial operations with new project


July 18, 2025 at 10:46 AM GMT+05:00

EM sovereign ratings show positive trend in 2025


July 18, 2025 at 10:38 AM GMT+05:00

SSGC Board approves LPG, NGL deal with JJVL



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg