ISLAMABAD – TRG Pakistan Limited has shocked investors with a massive financial rebound, posting a profit of Rs3.92 billion for the year ending June 30, 2025. This comes after the company suffered a record loss of Rs30.85 billion just a year earlier.
The turnaround also pushed earnings per share (EPS) into the green at Rs7.19, compared to a steep loss of Rs56.56 per share in FY24.
Operations Still Under Pressure
While the overall numbers look impressive, TRG’s core operations continued to face challenges.
- Interest income dropped 24% to Rs1.95 million, down from Rs2.56 million in FY24.
- Administrative and other expenses jumped 66%, reaching Rs546.93 million.
- This led to a deeper operating loss of Rs544.98 million, compared to Rs327.35 million last year.
What Drove the Big Turnaround?
The game-changer was TRG’s associated companies, which delivered a hefty profit. TRG reported a share of profit worth Rs5.26 billion, compared to a massive share of loss of Rs35.91 billion in FY24.
This strong performance flipped the company’s profit before tax to Rs4.71 billion, a huge improvement from the loss before tax of Rs36.23 billion last year.
In FY25, TRG had to pay Rs789.99 million in taxes, while in FY24, it had actually recorded a tax credit of Rs5.39 billion.
Even after this, the company still closed the year with a solid net profit of Rs3.92 billion.
By the Numbers (FY25 vs FY24)
| Description | 2025 | 2024 | Change |
| Interest Income | Rs1,948,000 | Rs2,562,000 | -24% |
| Admin & Other Expenses | Rs546,932,000 | Rs329,913,000 | +66% |
| Operating Loss | Rs544,984,000 | Rs327,351,000 | +66% |
| Share of Profit/Loss in Associates | Rs5.26 bn | -Rs35.91 bn | Big Swing |
| Profit/(Loss) Before Tax | Rs4.71 bn | -Rs36.23 bn | Huge Reversal |
| Taxation | Rs789.99 m | Rs5.39 bn (credit) | N/A |
| Profit/(Loss) After Tax | Rs3.92 bn | -Rs30.85 bn | Major Rebound |
| EPS | Rs7.19 | -Rs56.56 | Positive |
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