SLGL profit surges 25% to Rs546m in 2HFY26

Secure Logistics-Trax Group Limited (PSX: SLGL) reported a 25% rise in profit after tax over the six months to June 30, 2026, reaching Rs546.47m against Rs438.59m a year earlier, according to Mettis Global. Earnings per share stood at Rs1.30 compared with Rs1.55 in the earlier period, while net revenue grew 6% to Rs1.54bn. The bottom-line gain was driven by a net tax credit of Rs300.44m, compared with a tax charge of Rs5.42m previously.

Underlying operations were weaker, as cost of services jumped 50% to Rs982.68m and pushed gross profit down 30% to Rs558.17m. Administrative expenses fell 21% to Rs433.85m, but operating profit still dropped 51% to Rs124.33m. Levies rose to Rs19.93m from Rs1.29m, while the company said its Fuel Adjustment Factor clauses in all client contracts kept the net fuel impact manageable.

The company continues to widen its reach, with e-commerce locations projected to climb from 1,504 today to 1,637 by the end of the year. New warehouses in Lahore and Islamabad are due later this year, and a digital lending plan under its NBFC licence targets up to Rs500m by year-end. The company expects its planned addition of 100 EV commercial vehicles and 1,000 EVG motorcycles to yield gross fuel savings of as much as Rs200m.