AGHA · Agha Steel Ind.Ltd
Agha Steel Industries Reports Q1 FY2027 Loss of PKR 969.76 Million
Official PSX filing title: Transmission of Quarterly Report for the Period Ended September 30, 2026
- Filed
- 26 October 2026 at 1:31 pm
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
Executive summary
Agha Steel Industries Limited released its financial results for the first quarter ended September 30, 2026, reporting a net loss after tax of PKR 969.76 million compared to a loss of PKR 1,168.63 million in the same period last year. The company continues to navigate a challenging economic and operational environment, facing severe liquidity constraints, negative operating cash flows, and ongoing restructuring negotiations with its lenders.
Key takeaways
- Net turnover for the first quarter ended September 30, 2026, dropped 33.2% YoY to PKR 1,444.84 million compared to PKR 2,162.19 million in Q1 FY2025.
- Gross loss stood at PKR 322.31 million for Q1 FY2026, showing a slight improvement from a gross loss of PKR 331.26 million in the corresponding period last year.
- Operating loss was reported at PKR 1,222.01 million for the quarter, compared to an operating loss of PKR 1,241.39 million previously.
- Loss before taxation narrowed to PKR 1,189.22 million from PKR 1,280.26 million in Q1 FY2025.
- Loss after taxation was recorded at PKR 969.76 million, translating to a basic and diluted loss per share of PKR 1.34 compared to a loss of PKR 1.93 per share last year.
- The financial statements carry a material uncertainty note regarding the company's ability to continue as a going concern due to loan defaults, covenant breaches, and negative operating cash flows.
Filing details
Financial results
Quarterly · Unaudited · Standalone · 30 September 2026
Figures in PKR '000'
Reporting period
Three months
- Income
- 1,444,843 (prior 2,162,185)
- Profit after tax
- -969,763 (prior -1,168,632)
- EPS
- -1.34 (prior -1.93)
- Management is actively negotiating with lenders to restructure both long-term and short-term loans (excluding TERF and IFRE facilities) under a proposed Master Restructuring Agreement expected to be finalized by June 30, 2027.
- Entered into a Restructuring Agreement with Bank AL Habib Limited on July 13, 2026, regarding facilities aggregating PKR 3,279.65 million, converting PKR 1,780 million into a 10-year long-term facility with a 3-year grace period and keeping PKR 1,499.65 million as a revolving short-term facility.
Dividend and entitlement
- Type
- None
- Notes
- Transmission of quarterly report only, no dividend or entitlement declared.
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- #financialresults
- #q1results
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- #psx
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