Tri-Pack Films Limited has made a notable turnaround in the first half of 2026, returning to profitability after posting a loss in the same period last year. The company’s latest financial results show stronger sales, improved operating performance and a significant reduction in its net loss position.
According to the company’s unaudited financial statements for the six months ended June 30, 2026, revenue from contracts with customers increased to Rs17.28 billion, compared with Rs14.51 billion in the corresponding period of 2025. This represents growth of around 19%.
The improvement in sales was accompanied by a substantial rise in gross profit. Tri-Pack Films reported gross profit of Rs3.09 billion during the half year, up from Rs1.93 billion a year earlier. Operating profit also increased sharply to Rs1.77 billion, compared with Rs956.26 million in the first half of 2025.
The stronger operating performance helped the company overcome higher finance costs and other expenses. Profit before tax reached Rs847.55 million, compared with a loss before tax of Rs287.98 million in the same period last year.
At the bottom line, Tri-Pack Films posted a profit of Rs361.63 million for the six months ended June 30, 2026, reversing the Rs468.20 million loss recorded in the first half of 2025. Earnings per share also improved considerably, rising to Rs9.32 from a loss per share of Rs12.07 previously.
The company’s balance sheet also showed a rise in total assets. As of June 30, 2026, total assets stood at approximately Rs36.11 billion, compared with Rs33.45 billion at the end of December 2025. Total equity increased to around Rs5.13 billion from Rs4.77 billion over the same period.
Cash flow from operations remained positive, with the company generating Rs1.73 billion during the first half of 2026. Although investing activities resulted in a net cash outflow of about Rs422 million, the company continued to invest in property, plant and equipment.
One of the key developments highlighted by the company is the successful commissioning of its tape machine in August 2026. The new machine has an annual production capacity of 5,000 tonnes and is expected to strengthen Tri-Pack Films’ position while helping it enter new customer segments in both domestic and international markets.
Despite the improved financial performance, the company announced no cash dividend, bonus shares or right shares for the period.
Overall, Tri-Pack Films’ first-half results point to a meaningful recovery. Higher revenue, stronger gross margins and improved operating profitability have allowed the company to move from a significant loss last year to a healthy profit in 2026. With additional production capacity now coming online, the company’s ability to expand into new markets could provide another growth opportunity in the periods ahead.
