Secure Logistics-Trax Group Limited (SLGL) recorded a 25% year-on-year increase in profit after tax for the six months ended June 30, 2026, with earnings rising to Rs546.47 million compared with Rs438.59 million during the same period last year. The company’s net revenue also increased by 5.77% to Rs1.54 billion, supported by volume growth across its six revenue-generating business lines.
Despite the increase in revenue, SLGL faced significant cost pressures during the period. The cost of services rose by 50% to Rs982.68 million, driven in part by higher fuel prices affecting its e-commerce last-mile and long-haul logistics operations. As a result, gross profit declined by 30% to Rs558.17 million, while operating profit fell by 51% to Rs124.33 million. The company said fuel adjustment clauses incorporated into client contracts helped manage the overall impact of higher fuel costs.
SLGL’s bottom-line growth was largely supported by a substantial change in its taxation line. The company recorded a net tax credit of Rs300.44 million during the period, compared with a tax charge of Rs5.42 million in the corresponding period last year. This tax benefit more than offset the decline in profit before tax and helped drive the reported 25% increase in profit after tax.
The company is also continuing to expand its operations, with its e-commerce coverage expected to reach 1,637 locations by the end of the year from 1,504 currently. Its warehousing operations are expanding as well, with additional facilities already operational in Karachi and new warehouses in Lahore and Islamabad expected to be completed later this year.
From a financial technology perspective, SLGL’s digital lending initiative under its NBFC license is gaining momentum, with the company planning to deploy up to Rs500 million by year-end. The company is also preparing to induct up to 100 electric commercial vehicles and 1,000 EVG motorcycles, with the transition expected to generate gross fuel savings of up to Rs200 million.
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