KARACHI: Treet Battery Limited reported a significant improvement in its financial performance for the nine months ended March 31, 2026, substantially reducing its net losses despite a decline in sales revenue. The company’s board approved the financial results at its meeting held on April 28, 2026.
According to the financial statement, Treet Battery posted a net loss of Rs45.53 million during the nine-month period, a marked improvement from the Rs213.48 million loss recorded in the corresponding period last year. On a quarterly basis, the company reported a loss of Rs64.99 million for the three months ended March 31, 2026, compared to a loss of Rs38.39 million in the same quarter of the previous year.
Net sales declined by approximately 11% to Rs5.01 billion, down from Rs5.63 billion a year earlier. Gross profit also eased to Rs1.08 billion from Rs1.20 billion, reflecting softer revenue during the period.
Despite lower sales, the company benefited from a substantial reduction in finance costs, which fell to Rs379.21 million from Rs764.05 million in the same period last year. This improvement, coupled with controlled operating expenses and higher other income, helped narrow the overall loss.
The company’s earnings per share (EPS) improved to a loss of Rs0.04 per share, compared with a loss of Rs0.24 per share in the corresponding period last year, highlighting a notable recovery in profitability.
Treet Battery’s balance sheet showed total assets of Rs9.30 billion as of March 31, 2026, compared with Rs9.52 billion at the end of June 2025, while accumulated losses increased slightly to Rs497.04 million. The company also reported cash and bank balances of Rs134.62 million at the end of the reporting period.
The board of directors did not announce any cash dividend, bonus shares, right shares, or any other corporate action along with the financial results.
