Pakistan’s Agha Steel Industries Limited posted a net loss of PKR 1.16 bln (USD 4.1 mln) for Q1 FY26 ended September 30, 2025, an improvement from the PKR 1.81 bln loss a year earlier.
Revenue fell 24pct YoY to PKR 2.16 bln (USD 7.65 mln), but the impact was offset by strict cost control measures. Administrative expenses dropped 52pct, other expenses fell nearly 90pct, and finance costs declined 36pct YoY, helping narrow losses despite weaker sales.
The company recently approved the restructuring of PKR 23.2 bln (USD 82 mln) in financing facilities with banks to enhance its financial sustainability and operational stability.
Agha Steel operates an EAF plant in Port Qasim, Karachi, with an annual capacity of 450,000 tons for billets and 650,000 tons for rebar.
1 USD / 282 PKR
