Predicted to enable diacylglycerol diphosphate phosphatase activity and phosphatidate phosphatase activity. Predicted to be involved in phospholipid dephosphorylation. Predicted to act upstream of or within lipid metabolic process. Predicted to be located in plasma membrane. Predicted to be integral component of membrane. Orthologous to human PLPP5 (phospholipid phosphatase 5). [provided by Alliance of Genome Resources, Apr 2022]