Karachi: TPL Trakker Ltd. has reported a substantial net loss for the quarter ending September 30, 2026, as disclosed in its unconsolidated condensed interim financial statement released on November 2, 2026. The company, which operates within the designated market category of technology solutions, experienced increased costs across various segments, significantly impacting its financial performance.

The company's turnover for the period was recorded at 285.82 million rupees, showing a marginal increase from the previous year's 280.37 million rupees. Despite this, the cost of sales and services rose to 224.56 million rupees from 207.09 million rupees, resulting in a gross profit of 61.26 million rupees, down from 73.28 million rupees in the same quarter last year.

Distribution expenses saw a notable increase, climbing to 25.35 million rupees from 15.55 million rupees. Administrative expenses also surged, reaching 80.07 million rupees compared to 56.67 million rupees the previous year. These elevated costs contributed to an operating loss of 44.15 million rupees, a sharp decline from a marginal profit of 1.06 million rupees in the comparable period of 2025.

Research and development expenses increased to 14.59 million rupees from 11.33 million rupees. The company also reported additional expenses of 6.73 million rupees, which were not present in the previous year's statement. Finance costs remained relatively stable at 69.45 million rupees, showing a minor move from 70.47 million rupees last year.

According to information available from the Pakistan Stock Exchange (PSX), TPL Trakker Ltd. faced a loss before income tax and levies amounting to 122.31 million rupees, a significant move from the 64.52 million rupees loss reported in the same quarter of the previous year. The levies of minimum tax were recorded at 10.68 million rupees, slightly down from 11.69 million rupees.

The net loss for the quarter stood at 132.99 million rupees, compared to a loss of 76.21 million rupees in the corresponding quarter of 2025. No taxations were recorded for the current period, and other comprehensive income remained absent, resulting in a total comprehensive loss of 132.99 million rupees for the quarter.

Earnings per share reflected the company's financial struggles, with a basic loss of 0.71 rupees per share, worsening from a loss of 0.41 rupees per share in the same period last year.