GTYR FY26 loss widens to over Rs1bn

According to Mettis Global, Ghandhara Tyre and Rubber Company (PSX: GTYR) booked a deeper annual net loss for the year to June 30, 2026. The loss after tax rose to Rs1.01bn from Rs366.08m a year earlier, lifting the loss per share to Rs8.26 from Rs3. Net sales fell 5%, reaching Rs16.85bn compared with Rs17.80bn a year earlier.

Gross profit contracted 34% to Rs1.51bn, as cost of sales eased only 1% to Rs15.34bn. Administrative expenses climbed 15% to Rs499.74m, and distribution costs rose 1% to Rs762.16m, leaving profit from operations 68% lower at Rs380.25m. Finance costs of Rs1.15bn, down 15% from Rs1.35bn, consumed the operating profit, although the share of profit from an associated company increased 103% to Rs32.72m.

Before levies and taxes, the company recorded a loss of Rs735.39m even after the associate's contribution. Taxes then added Rs211.33m in revenue tax, Rs302,000 in final taxes and Rs59.78m in corporate tax, taking the annual loss to Rs1.01bn. According to the report, the larger deficit was driven mainly by lower gross profit alongside persistent debt-servicing costs and tax charges.