TREET rebounds from loss, reports profit in 9MFY25

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.

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