ATBA slips into red with Rs371m loss in FY26

Atlas Battery Limited (PSX: ATBA) posted a net loss of Rs370.69m for the year to June 30, 2026, according to Mettis Global. The company had reported a net profit of Rs91.21m a year earlier. As a result, loss per share stood at Rs10.59, compared with earnings of Rs2.6 per share in FY25.

Net sales eased 1% to Rs34.92bn from Rs35.20bn, while cost of sales rose 2% to Rs31.96bn. Gross profit consequently fell 25% to Rs2.96bn, and distribution costs climbed 10% to Rs1.64bn. Administrative expenses were lower by 13%, and other income jumped 241% to Rs304.67m.

Finance costs eased 23% to Rs919.09m, but revenue tax rose 61% to Rs436.85m and final tax reached Rs17.51m. After a net tax credit of Rs9.08m, the loss for the year came to Rs370.69m. Mettis Global linked the decline mainly to a contraction in gross margins alongside higher tax charges.