Tariq Glass Sees Positive Growth in FY25, Eyes Further Gains

Lahore: Tariq Glass Ltd. (TGL) presented its fiscal year 2025 results during an analyst briefing, revealing notable growth in sales and earnings, alongside a strategic outlook for continued improvement. The company highlighted a 13% increase in topline revenue, reaching PkR33.6 billion, up from PkR29.6 billion the previous year, driven largely by strong market demand.

TGL’s earnings for the fiscal year climbed to PkR4.8 billion, equating to earnings per share of PkR27.7. This marks a 9% increase from the PkR4.4 billion and EPS of PkR25.4 reported in the same period last year. The company attributed this growth to optimized business processes. Gross margins experienced a notable rise, increasing to 31% from 26% the prior year, with management expressing confidence that this trend will persist in the coming year.

In terms of production, TGL achieved a total output of 183,000 tons during FY25. Local sales surged by 17% year-over-year, amounting to PkR41 billion, as demand in the domestic market strengthened. Conversely, the company saw a 17% decline in exports, totaling PkR2 billion, which the management did not elaborate on during the briefing.

The detailed financial and operational performance was shared by TGL in a session aimed at providing insights into the company’s future strategies and expectations, as they aim to build on this year’s successes.