TPL Trakker Limited, a telematics and Internet-of-Things (IoT) company based in Karachi, has reported a sharp 43% decline in turnover for the financial year ended June 30, 2025, as a major government contract concluded and its UAE subsidiary ceased to be consolidated.
According to the company’s financial report, TPL Trakker recorded a consolidated turnover of Rs1.83 billion in FY2025, down from Rs3.21 billion a year earlier. The company’s cost of sales and services also declined, resulting in a gross profit of Rs703 million compared to Rs1.41 billion in FY2024.
TPL Trakker posted an operating profit of Rs185 million, alongside finance costs of Rs343 million and other income of Rs480 million. After taxes and discontinued operations, the total comprehensive loss narrowed significantly to Rs7.7 million. Profit attributable to owners of the holding company stood at Rs13.7 million, with earnings per share (EPS) of Rs0.07, up from Rs0.03 last year.
Earlier this year, TPL Trakker’s management had cautioned investors about the expected revenue dip in its March-quarter report, highlighting that nine-month consolidated earnings had already fallen due to the completion of a major Customs project and the removal of its Middle East arm from consolidated accounts.
Despite the decline, TPL Trakker emphasized its continued focus on strengthening core operations and exploring new growth opportunities in the telematics and IoT sectors.