AGHA narrows loss by 34% in FY26

Agha Steel Industries Limited cut its annual loss by 34% in the year ended June 30, 2026, according to Mettis Global. The net loss stood at Rs4.74bn, down from Rs7.21bn in FY25, while loss per share improved to Rs7.62 from Rs11.92.

Net turnover fell 21% to Rs8.39bn as lower sales volumes weighed on revenue, and the gross loss widened to Rs2.35bn from Rs1.98bn. Cost controls helped, with administrative expenses down 14% and other expenses down 75%. Lower finance costs, which fell 32% to Rs2.88bn, provided substantial relief on debt servicing.

A net taxation credit of Rs1.60bn, compared with Rs757.68m a year earlier, also supported the bottom line. The operating loss narrowed by 15% to Rs6.02bn, and loss before taxation was reduced by 20% to Rs6.34bn.