TRG rebounds with profit over Rs4bn

April 30, 2025 (MLN): TRG Pakistan Limited (PSX: TRG) released its financial results for the nine-month period ended March 31, 2025, recording a total comprehensive income of Rs4.26 billion, a significant turnaround from a loss of Rs18.31bn in the same period last year (SPLY).

According to the financials, the company’s interest income declined by 7.93% YoY to Rs1.69 million from Rs1.84m in SPLY.

Meanwhile, administrative and other expenses more than doubled, rising by 129.58% YoY to Rs456.43 million, compared to Rs198.81m in the same period last year.

As a result, the company’s operating loss widened sharply by 130.87% YoY, amounting to Rs454.74m versus Rs196.97m in SPLY.

The key driver behind the improved bottom line was TRG’s share of profit in its equity-accounted investee, which surged to Rs5.26 billion, a stark reversal from a loss of Rs19.45bn in the prior period.

Consequently, the company reported a profit before taxation of Rs4.8bn, compared to a loss of Rs19.65bn in SPLY a notable YoY improvement of 124.46%.

On the taxation front, TRG recorded a tax expense of Rs790.07m against a tax benefit of Rs2.92bn in the previous year, reflecting a 127.08% decline.

This resulted in a profit after tax of Rs4.01bn, rebounding from a loss of Rs16.73bn in the same period last year, marking a 124% YoY improvement.

The effect of translation of net investment in a foreign associate also contributed positively, showing a gain of Rs247.62m versus a loss of Rs1.58bn in SPLY.

Earnings per share (EPS) rose to Rs7.36 from a loss per share of Rs30.67 in the prior year, underlining a substantial recovery in TRG’s financial performance.

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