Karachi: Secure Logistics-Trax Group Limited (SLG-Trax) has reported an 18% year-on-year growth in revenue for the first half of the fiscal year 2026, ending June 30, as outlined in the Directors' Review Report dated August 12, 2026. The company, which operates in the logistics sector, managed to navigate a challenging economic environment characterized by rising inflation and political instability.
The regional political and security situation, which has been deteriorating since February 28, has led to adverse macroeconomic indicators. According to the report, the national inflation index surged by 11.07% year-on-year in the first half of 2026, largely due to increased fuel prices. Despite government subsidies, the business sentiment remained challenging during this period.
Secure Logistics-Trax's business lines, specifically its E-Commerce and Logistics segments, were impacted by the fuel price hikes. However, the company implemented a fuel price mitigation strategy by regularly invoking the Fuel Adjustment Factor (FAF) clauses with its clients, which helped minimize the impact on its operations.
According to information available from the Pakistan Stock Exchange (PSX), the company achieved a notable 20% increase in net profit during the first half of 2026. The company's strategic initiatives, including the expansion in e-commerce operations and warehousing, contributed to this growth. The company plans to increase its geographic reach to 1,637 locations by the end of the year, up from the current 1,504 locations.
In addition to its core logistics services, SLG-Trax is expanding its warehousing operations, with expansions in Karachi already completed and further developments planned for Lahore and Islamabad by the end of the year. The company is also advancing its digital lending initiative under a Non-Banking Financial Company (NBFC) license, aiming to deploy up to Rs500 million by the end of 2026.
The company successfully arranged Rs.515 million in capital for digital lending, electric vehicle (EV) procurement, warehouse equipment, and running finance. Furthermore, SLG-Trax plans to induct up to 100 EV commercial vehicles and 1,000 EV motorcycles, which are expected to lead to gross savings of up to Rs.200 million in fuel expenses.
Financially, SLG-Trax reported revenue of Rs1.54 million for the six months ended June 2026, compared to Rs1.46 million for the same period in 2025. Profit before income taxes and levy amounted to Rs265,954, while profit after taxation reached Rs546,468. Earnings per share rose to Rs1.30, up from Rs1.04 in the previous year, indicating the company's positive financial trajectory despite external economic pressures.
Overall, SLG-Trax remains committed to achieving its budgeted financial results for FY 2026, driven by strategic expansion and operational efficiencies.