Agritech Limited (PSX: AGL) reported a net loss of Rs2.12 billion for the half year ended June 30, 2026, reversing from a profit of Rs2.24 billion recorded during the same period last year, despite posting strong growth in revenue. The financial results were approved by the company’s Board of Directors in its meeting held on July 29, 2026.

The company’s net sales increased by 17.3% to Rs15.49 billion, compared to Rs13.21 billion in the corresponding period of 2025. However, the increase in revenue was overshadowed by a sharp rise in the cost of sales, which climbed to Rs14.89 billion from Rs11.13 billion a year earlier. As a result, gross profit declined significantly to Rs602.68 million, down from Rs2.08 billion in the same period last year.

Agritech also reported an operating loss of Rs784.88 million, compared with an operating profit of Rs692.14 million in the corresponding six-month period of 2025. Finance costs remained elevated at Rs1.86 billion, while other income fell substantially to Rs573.49 million from Rs4.85 billion a year earlier, further weighing on profitability.

Consequently, the company posted a loss before taxation of Rs2.43 billion. After accounting for a tax credit of Rs309.33 million, Agritech recorded a net loss after tax of Rs2.12 billion, translating into a loss per share (LPS) of Rs3.54, compared with earnings per share (EPS) of Rs3.74 in the same period last year.

On the balance sheet, total assets stood at Rs95.47 billion as of June 30, 2026, compared with Rs92.84 billion at the end of December 2025. Meanwhile, accumulated losses increased to Rs24.36 billion, reflecting the impact of the period’s loss.

The company generated net cash of Rs6.43 billion from operating activities, a marked improvement from the cash outflow reported in the same period last year. However, significant investment activities resulted in a net cash outflow of Rs6.35 billion, leaving cash and cash equivalents in a negative position of Rs649.57 million at the end of the reporting period.

The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other corporate action for the half-year ended June 30, 2026.