📉 TPLT: SELL Signal (8/10) – Financial Results for the Year Ended June 30, 2025

📌 Key Takeaways

• 📉 Revenue declined significantly by 30.26% from PKR 2.54 billion in 2024 to PKR 1.77 billion in 2025.
• 📉 The company recorded a net loss of PKR 69.95 million in 2025, compared to a net profit of PKR 135.02 million in 2024.
• 📉 Basic and diluted loss per share stood at PKR 0.37 in 2025, down from earnings per share of PKR 0.72 in 2024.
• ⚠️ Operating profit decreased substantially from PKR 627.51 million in 2024 to PKR 280.71 million in 2025.
• ⚠️ Finance costs were significant at PKR 337.24 million in 2025, slightly lower than PKR 515.04 million in 2024.
• ⚠️ The company reports no cash dividend, bonus shares, or right shares were recommended by the board.
• ⚠️ Total assets decreased from PKR 6.23 billion in 2024 to PKR 6.01 billion in 2025, indicating a contraction in the asset base.
• ⚠️ Stock-in-trade increased significantly from PKR 232.16 million to PKR 309.55 million.
• ⚠️ Trade debts decreased from PKR 565.13 million to PKR 329.04 million.
• ⚠️ Cash and bank balances decreased from PKR 159.55 million to PKR 125.83 million.
• ⚠️ Long-term financing decreased from PKR 223.45 million to PKR 17.06 million.
• ⚠️ Revenue reserves decreased from PKR 136.98 million to PKR 67.03 million.

🎯 Investment Thesis

Given the significant decline in financial performance, coupled with the shift to a net loss position and decreased cash flows, a SELL recommendation is warranted for TPL Trakker Limited. The company’s revenue downturn, operating profit reduction, and balance sheet contraction raise concerns about its ability to sustain operations and generate future value. Price Target: PKR 5.00, Time Horizon: Medium Term