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) | |
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Posted on: 2025-04-25T10:17:19+05:00
