Treet Battery Posts Rs42.3 Million Profit as Board Approves Capital Restructuring
Lahore, September 28, 2026: Treet Battery Limited has announced its financial results for the year ended June 30, 2026, reporting a profit after tax of Rs42.265 million, compared with Rs40.426 million in the previous financial year. The company’s financial results were approved by its Board of Directors at a meeting held on September 24, 2026.
According to the company’s statement of profit or loss, revenue from contracts with customers declined to Rs6.859 billion during FY2026 from Rs8.844 billion in FY2025. Gross profit stood at Rs1.411 billion, compared with Rs1.765 billion a year earlier.
Despite the lower revenue and gross profit, Treet Battery’s profit from operations was Rs577.716 million, while other operating income amounted to Rs88.509 million. The company reported finance costs of Rs526.708 million, down significantly from Rs920.590 million in FY2025. After accounting for levy and other items, profit before income tax was Rs42.265 million, with the same amount reported as profit after tax. Earnings per share stood at Rs0.04, compared with Rs0.05 in the previous year.
Debt-to-Equity Conversion Proposed
A key development announced alongside the financial results is the proposed conversion of part of the company’s inter-company borrowing from Treet Corporation Limited (TCL) into ordinary shares.
Subject to approval from the company’s shareholders and the Securities and Exchange Commission of Pakistan, Treet Battery plans to convert Rs2.0 billion, comprising principal and accrued interest, into 200 million ordinary shares at a par value of Rs10 per share. The proposed transaction is to be carried out under the applicable provisions of the Companies Act, 2017 and relevant regulations.
The company’s board has also proposed increasing its authorized share capital from Rs11 billion to Rs13 billion. The number of authorized ordinary shares would consequently rise from 1.1 billion to 1.3 billion shares, with the face value remaining at Rs10 per share. This proposal is also subject to shareholder approval and the required regulatory process.
No Dividend or Bonus Shares
For FY2026, the company has announced no cash dividend, bonus shares or right shares. No other shareholder entitlement was announced in the financial results notice.
Financial Position
Treet Battery’s total assets increased to approximately Rs9.761 billion as of June 30, 2026, compared with Rs9.403 billion a year earlier. Current assets stood at about Rs3.307 billion, while property, plant and equipment amounted to approximately Rs6.424 billion.
The company reported total liabilities of approximately Rs7.445 billion, including short-term borrowings of around Rs5.707 billion. Shareholders’ equity and reserves stood at approximately Rs2.216 billion at the end of FY2026.
The statement of cash flows shows that net cash used in operating activities was approximately Rs660.484 million, while investing activities generated net cash of about Rs881.307 million. Financing activities generated approximately Rs103.063 million, resulting in a net increase in cash and cash equivalents of Rs326.886 million during the year.
AGM Scheduled for October 27
Treet Battery has scheduled its Annual General Meeting for October 27, 2026, at 10:30 a.m. at the Al-Malik Auditorium, Ferozepur Road, Lahore. The meeting will provide shareholders an opportunity to consider the company’s financial results and the proposed corporate actions, including the increase in authorized capital and the proposed debt-to-equity conversion.
The company also stated that its share transfer books will remain closed from October 21 to October 27, 2026, both days inclusive.
Overall, the FY2026 results show that Treet Battery remained profitable despite a decline in revenue and gross profit. At the same time, the substantial reduction in finance costs and the proposed conversion of Rs2 billion of inter-company borrowing into equity represent significant developments in the company’s financial structure.
