Islamabad, 23 Apr, 2025: Treet Corporation has posted an impressive financial performance in the first half of the fiscal year, reflecting smart strategic moves and an improved business climate.
However, this upward trajectory is paired with looming uncertainties that require close attention.
During the first half of FY2025, Treet Corporation recorded standalone revenues of Rs6.5 billion, marking a 16% increase compared to Rs5.6 billion in the same period last year.
This growth was largely fueled by a 22% rise in product pricing. The company also saw a strong rebound in earnings, posting Rs647 million in profit after a previous loss of Rs206 million.
A significant portion of this turnaround was linked to a Rs594 million gain from the sale of shares in Treet Battery Ltd (TBL), reducing its ownership stake in TBL to around 82-83%.
READ MORE: Treet Corporation Finalizes Sale of 11.33% Stake in TBL to Focus on Core Operations
The broader economic recovery, characterized by stronger consumer demand and better investment conditions, has particularly benefited the battery sector.
Automotive battery sales have risen due to cheaper financing and increased car sales passenger car sales alone jumped 51% in the first half of the fiscal year, reaching over 46,000 units.
Treet Corporation’s Daewoo-branded maintenance-free batteries, built with Korean technology, appear well-positioned to capture further market share, though competition remains intense.
TBL reported Rs4.2 billion in revenues, with unit sales growing by 22% to 350,000 batteries. The company is considering entering the Lithium-Ion battery segment, awaiting a feasibility report.
In addition, demand for solar backup systems is expected to rise due to falling net metering rates and unstable power supply another potential opportunity for the company.
Treet Corporation is also targeting international growth, exporting to over 40 countries including China, Saudi Arabia, and African markets.
A new presence in the Middle East and planned warehousing agreements are expected to enhance delivery speed and customer reach.
READ MORE: Treet Battery Limited Unveils Major Financial Restructuring and Capital Expansion Plan
Meanwhile, its healthcare division, Renacon, recorded Rs801 million in revenuesa 24% increase driven by stronger sales and higher pricing.
Holding a dominant position in dialysis products, Renacon now plans to expand into 10 new international markets.
Despite solid margins and efficient operations, Treet Corporation must manage raw material costs, supply chain risks, and global economic shifts to maintain its momentum.
