Lahore: The First Treet Manufacturing Modaraba, managed and controlled by Treet Holdings Limited, has reported its financial performance for the year ended June 30, 2026. According to the financial statements released, the company observed a big move in its annual profits, with net revenue reaching 4.16 billion rupees, up from 3.79 billion rupees in the previous year.

The company's gross profit rose to 390.87 million rupees, compared to 343.92 million rupees in 2025. However, Treet Holdings faced an increase in operating expenses, which totaled 234.92 million rupees against the previous year's 184.70 million rupees. This increase was primarily driven by higher administration and general expenses, which jumped to 83.56 million rupees from 53.92 million rupees, and selling and distribution expenses, which increased to 151.37 million rupees from 130.78 million rupees.

Despite the rise in operating expenses, the company managed to sustain an operating profit of 155.95 million rupees, slightly down from 159.22 million rupees in the previous year. Moreover, the company recorded a profit before levies and income tax of 180.83 million rupees, compared to 185.70 million rupees in 2025.

According to information available from the Pakistan Stock Exchange (PSX), the profit for the year after taxation showed a big move to 119.92 million rupees, up from 117.46 million rupees in the previous year. Additionally, the profit per modaraba certificate saw a significant increase to 0.613 rupees from 0.135 rupees in 2025.

The statement of financial position as of June 30, 2026, indicates total assets of 3.32 billion rupees, a decrease from 3.69 billion rupees in 2025. The current assets amounted to 2.94 billion rupees, down from 3.41 billion rupees, while non-current assets increased to 377.62 million rupees from 280.81 million rupees.

On the liabilities side, current liabilities were reduced to 500.54 million rupees from 703.21 million rupees, contributing to the overall decrease in total equity and liabilities to 3.32 billion rupees from 3.69 billion rupees. The certificate capital and reserves remained steady at 2.82 billion rupees, compared to 2.99 billion rupees in the previous year.

In terms of cash flows, the company generated 177.37 million rupees from operating activities, a decline from 267.46 million rupees in 2025. The cash flows from investing activities showed a net usage of 134.81 million rupees, compared to 12.82 million rupees in 2025, reflecting increased capital work in progress. The financing activities recorded a net outflow of 293.40 million rupees due to profit distribution to certificate holders.

The cash and cash equivalents at the end of the year stood at 199.63 million rupees, down from 450.48 million rupees at the beginning of the year, indicating a decrease over the period.