Karachi: Treet Corporation Limited reported its financial performance for the first quarter ending September 30, 2026, revealing a notable increase in revenue and profitability. The company disclosed its interim unconsolidated statement of profit or loss on October 28, 2026.
Treet Corporation Limited's revenue from contracts with customers, net, reached 4.11 billion rupees in the three months from July to September 2026, marking an increase from 3.68 billion rupees during the same period last year. This growth in revenue reflects the company's ability to enhance its market presence and expand its customer base effectively.
The cost of revenue for the quarter stood at 2.35 billion rupees, compared to 2.31 billion rupees in 2025. As a result, the gross profit rose to 1.77 billion rupees from 1.37 billion rupees, indicating a substantial improvement in the company's financial health.
Administrative expenses were reported at 418.87 million rupees, and distribution costs increased to 538.04 million rupees from 420.79 million rupees. Other operating expenses also witnessed an increase, totaling 55.02 million rupees, up from 30.75 million rupees in the prior year.
The company achieved a profit from operations amounting to 753.91 million rupees, compared to 524.83 million rupees in the corresponding period of the previous year. However, finance costs marginally increased to 191.30 million rupees from 185.36 million rupees. Other income saw a decrease, recorded at 95.64 million rupees, down from 242.53 million rupees.
Profit before levy and income tax was reported at 658.26 million rupees, up from 582.00 million rupees in 2025. Notably, the levy imposed in the previous year, amounting to 28.15 million rupees, was not applicable this year, resulting in a profit before income tax of 658.26 million rupees, compared to 553.84 million rupees previously.
Income tax expenses increased to 265.04 million rupees from 172.03 million rupees, contributing to a profit for the period of 393.22 million rupees, compared to 381.81 million rupees in the prior year. This marks a moderate move in profitability.
Basic and diluted earnings per share stood at 1.06 rupees, up from 1.03 rupees in the same quarter last year. According to information available from the Pakistan Stock Exchange (PSX), the company's financial results indicate a steady performance in the designated market category.
The financial outcomes for Treet Corporation Limited reflect its ongoing efforts to strengthen its financial position and improve shareholder value, as evidenced by the growth in revenue and earnings.