Secure Logistics-Trax Group Limited (SLGL) reported earnings per share of PKR 2.23 for CY25, compared to earnings per share of PKR 2.49 in CY24. Furthermore, in 1QCY26, the company reported earnings per share of PKR 0.50, compared to earnings per share of PKR 0.59 in the same period last year (SPLY). In the warehousing segment, the group aims to reach 1.66 mn square feet of capacity by 2030.
A new 50,000 sq. ft. facility is already operational in Karachi, while similar expansions are planned for Lahore and Islamabad by late 2026. Management is also inducting 100 electric vehicles for last mile delivery. The first 50 units are being deployed in Karachi, which is expected to reduce fuel costs, with estimated annual savings of around PKR 200 million.
Despite delays caused by border related issues in Afghanistan, the group continues to pursue TIR (International Road Transport) activity. Trial runs have already been completed to Tashkent via Iran and China, while management plans to deploy 20% of the long haul fleet toward Central Asian trade. Through the Sonic platform, the NBFC has already facilitated PKR 7.93 bn in lending and PKR 40.3 mn in wallet payments.
Management aims to deploy PKR 500 m in capital by year end. For FY26, management is targeting total revenue of PKR 4.6 billion and PAT of PKR 1.2 billion, and expects to meet its annual earnings forecast of PKR 3.0 per share. Out of the total FY26 revenue forecast of PKR 4.6bn, management expects the e-commerce segment to contribute PKR 2.13bn, while the logistics business is projected to contribute PKR 1.62bn.
Management noted that H1 2026 was impacted by multiple holidays, including Eid and Muharram, which reduced effective operating days for the e-commerce business. Conversely, H2 is expected to show stronger momentum, supported by seasonal demand. Key sales events, particularly Independence Day campaigns in August and year-end promotions in December, are expected to drive higher order volumes during the second half.
Important Disclosures
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