February 26, 2026 (MLN): TPL Properties Limited (PSX: TPLP) reported a net loss of Rs2.82 billion for the half year ended December 31, 2025, rising more than fivefold from the Rs498.51m loss recorded in the same period last year.

The company's loss per share widened more than fivefold to Rs5.02 from Rs0.89 in the corresponding period of the previous year.

The company's income swung to a loss of Rs1.97bn from a positive Rs620.01m in H1 FY2025, marked a dramatic reversal in top-line performance.

Direct operating costs, however, declined 21.22% to Rs62.68m from Rs79.56m, offering limited relief against the broader income collapse.

This resulted in a gross loss of Rs2.03bn, compared to a gross profit of Rs540.44m in the prior period, emphasizing the severe erosion in core operating performance driven by the sharp reversal in income.

On the operating side, administrative and general expenses declined 10.04% to Rs629.44m from Rs699.70m, providing some cost discipline. Other expenses also fell 18.44% to Rs0.69m from Rs0.85m.

Finance costs dropped significantly by 63.54% to Rs113.22m from Rs310.51m, though this reduction was far insufficient to offset the scale of the gross loss and operating burden.

Other income edged down 3.22% to Rs7.78m from Rs8.04m, contributing marginally to the bottom line.

Loss before taxation rose more than fivefold to Rs2.77bn from Rs462.57m in H1 FY2025.

Taxation expense rose 31.57% to Rs47.28m from Rs35.93m in the prior period, adding further pressure to the bottom line and bringing the net loss for the period to Rs2.82bn.

Other comprehensive income turned positive at Rs1.67m compared to a loss of Rs0.10m in the same period last year.

As a result, total comprehensive loss for the period stood at Rs2.82bn, rising more than fivefold from Rs498.61m in H1 FY2025.

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