Pakistan’s Aisha Steel Mills returned to profitability in FY26, reporting a net profit of PKR 981.1 mln (USD 3.6 mln), compared with a net loss of PKR 1.35 bln a year earlier, supported by higher sales volumes and improved margins.
Revenue increased 61pct YoY to PKR 54.24 bln (USD 196.5 mln) from PKR 33.75 bln.
Sales volume increased 61pct YoY to 257,144 tons, including 61,583 tons of exports, which rose around 73pct from 35,906 tons a year earlier. Production increased 64pct to 266,476 tons, while average monthly finished steel dispatches rose to 21,429 tons from 12,412 tons.
Aisha Steel said stronger sales volumes helped improve margins during the year. Average monthly cold-rolled steel and galvanized steel production increased to 22,206 tons from 13,228 tons, while average monthly dispatches rose to 21,429 tons from 12,412 tons.
The company also said changes in Pakistan’s tariff and tax regime are expected to support domestic flat steel producers. The sales-tax exemption previously available on imports from FATA/PATA expired in FY2024-25, with such imports becoming subject to 12pct sales tax from FY2025-26. It also noted anti-dumping measures on imported CRC and GI products, which are expected to support a shift towards locally produced material. Pakistan’s National Tariff Commission extended anti-dumping duties of up to 19.04pct on Chinese CRC imports in March and expanded the scope of measures covering galvanized steel products.
Aisha Steel expects domestic flat steel demand to remain supported by improving economic conditions and infrastructure activity.
Aisha Steel Mills, part of Pakistan’s Arif Habib Group, operates a cold rolling and hot-dip galvanized steel complex with annual production capacity of around 700,000 tons.
1 USD / 276 PKR