Pakistan’s Aisha Steel Limited reported a sharp widening of losses in fiscal year 2025, ending June 30, with net losses rising to PKR 1.35 bln (USD 4.76 mln) from PKR 132 mln a year earlier, according to a stock exchange filing.
Sales revenue fell 21pct YoY to PKR 33.75 bln (USD 119 mln), while sales volumes dropped 10pct to 148,942 tons, including 25,456 tons of exports.
The company’s steel production slipped marginally to 158,732 tons, but finished goods inventory rose 24pct to 14,275 tons.
Despite the weak performance, the company noted that improving domestic steel demand, the expansion of antidumping duties on galvanized steel, and recent tax reforms in the FATA/PATA region could support local flat steel producers like Aisha Steel in regaining market share in the coming year.
Aisha Steel started its commercial operation in 2012 and is one of the largest manufacturers of flat rolled steel located in Port Qassim, Karachi. The company’s annual capacity of cold rolled steel is 700,000 tons and galvanized steel is 250,000 tons.
1 USD / 283.9 PKR
