Enables phosphatidylglycerophosphatase activity and phosphatidylinositol-4,5-bisphosphate 5-phosphatase activity. Involved in cardiolipin biosynthetic process. Located in mitochondrion. Is expressed in several structures, including genitourinary system; gut; immune system; inner cell mass; and musculature. Orthologous to human PTPMT1 (protein tyrosine phosphatase mitochondrial 1). [provided by Alliance of Genome Resources, Apr 2022]