KARACHI: Aisha Steel Mills Limited (ASML) has returned to profitability during the first nine months of FY2025-26, supported by a sharp rise in sales volumes, improved margins, and lower finance costs, according to its financial results for the period ended March 31, 2026.
The company reported a net profit of PKR 99.1 million for the nine-month period, reversing a loss of PKR 1.39 billion recorded in the corresponding period last year. Earnings per share (EPS) also improved to PKR 0.06, compared with a loss per share of PKR 1.56 a year earlier.
ASML’s net revenue climbed to PKR 34.55 billion, representing an increase of nearly 59% from PKR 21.79 billion in the same period last year. Gross profit rose significantly to PKR 3.08 billion, compared with PKR 634 million previously, reflecting stronger operational efficiency and healthier product margins.
Operating performance also improved markedly, with the company posting an operating profit of PKR 1.55 billion, compared with an operating loss recorded in the corresponding period of FY2024-25. Meanwhile, finance costs declined substantially to PKR 1.31 billion from PKR 2.26 billion, providing additional support to the bottom line.
For the third quarter alone, Aisha Steel reported a net profit of PKR 67.6 million, although this was lower than the PKR 317.1 million earned during the same quarter last year. Quarterly revenue, however, increased to PKR 13.99 billion from PKR 8.87 billion, highlighting continued growth in sales.
According to the directors’ review, the company sold 165,345 tons of steel products during the nine-month period, a 73% increase over the 95,528 tons sold in the corresponding period last year. Export volumes also expanded sharply to 36,497 tons, compared with 6,294 tons a year earlier, while production increased by approximately 73% to 180,965 tons.
Management noted that international hot rolled coil (HRC) prices remained stable for much of the period but started rising toward the end of the quarter due to geopolitical tensions, increasing freight costs, and insurance premiums. The company believes higher international steel prices, coupled with improving domestic demand, could create opportunities to expand market share and increase exports in the coming months.
The Board of Directors did not recommend any cash dividend, bonus shares, or right shares along with the financial results for the quarter ended March 31, 2026.
