Baluchistan Glass Posts Rs517.2 Million Loss for FY2026, Announces October 23 AGM
Lahore, September 21, 2026: Baluchistan Glass Limited has announced its financial results for the year ended June 30, 2026, reporting a net loss of Rs517.24 million, compared with a loss of Rs713.46 million recorded in the previous financial year.
The company disclosed the results after a meeting of its Board of Directors held on September 21, 2026. Despite the reduction in its annual loss, the company experienced a substantial decline in sales during the year.
According to the financial statements, net sales fell to Rs24.09 million in FY2026 from Rs717.83 million in FY2025. The company reported a gross loss of Rs306.06 million, compared with Rs463.79 million a year earlier. Administrative and selling expenses also declined to Rs17.42 million from Rs60.95 million.
The company reported operating loss of Rs307.27 million, while finance costs stood at Rs214.88 million. As a result, loss before levies and income tax amounted to Rs522.15 million. After levies and net income tax, the loss for the year stood at Rs517.24 million. Loss per share improved to Rs0.81, compared with Rs1.85 in FY2025.
Financial Position Remains Challenging
Baluchistan Glass’ financial position also reflected continued pressure. As of June 30, 2026, the company reported accumulated losses of Rs7.81 billion, compared with Rs7.31 billion a year earlier. Total equity stood at negative Rs703.61 million, compared with negative Rs186.37 million in FY2025.
The company’s total assets declined to Rs3.61 billion from Rs3.91 billion. Property, plant and equipment stood at Rs3.13 billion, while current assets amounted to Rs475.86 million. Cash and bank balances decreased considerably to Rs4.44 million, compared with Rs28.09 million at the end of the previous financial year.
Operating Cash Outflow Improves
The cash flow statement showed some improvement in operating cash performance. Net cash outflow from operating activities declined to Rs185.75 million in FY2026 from Rs781.03 million in FY2025. Financing activities generated a net cash inflow of Rs162.10 million, largely reflecting changes in loans and short-term borrowings.
However, the company’s cash position remained limited, with cash and cash equivalents at year-end standing at Rs4.44 million.
No Dividend or Bonus Issue
For FY2026, the Board recommended no cash dividend, bonus shares or right shares, while no other entitlement or price-sensitive corporate action was announced.
The company’s annual general meeting is scheduled for October 23, 2026, at 11:30 AM at its registered office in H.I.T.E Hub, Hub Industrial Estate, Lasbela, Balochistan, with participation through video link subject to PSX approval.
The share transfer books will remain closed from October 17 to October 23, 2026, with October 16 being the final date for transfers to be received for participation and voting rights at the AGM.
Overall, Baluchistan Glass’ FY2026 results show a smaller annual loss and lower operating expenses, but these improvements came alongside a dramatic contraction in revenue and continued negative equity. The company’s upcoming annual general meeting will provide an opportunity for shareholders to review the financial results and the company’s position for the year ahead.
