Aisha Steel Mills Limited (ASL)

Aisha Steel Mills Limited reported a return to profitability for the year ended June 30, 2026, posting a profit after tax of PKR 981.15 million compared to a loss of PKR 1,351.85 million previously. Revenue surged 61% YoY to PKR 54.24 billion, supported by higher sales volumes and recovery in the flat steel market. The Board recommended preferential dividends on preference shares but did not recommend a dividend for ordinary shareholders.

Aisha Steel Mills Limited has announced that a meeting of its Board of Directors will be held on August 18, 2026, to approve the annual audited financial statements for the year ended June 30, 2026. A closed period is in effect from August 12, 2026, to August 18, 2026.

Aisha Steel Mills Limited has clarified that it is not aware of any specific reason or development regarding its preference shares (ASLPS) that would explain the recent unusual movement in their share price.