29" Aprll, 202£›
Ref: AGt1A/FS Mar-207G/PSX
FORM 7
The General Manager,
Pakistan Stock E xchangc Limited, Stock Exchange Building,
Stock Exchange road, Karachi
SUBJECT:FINANCIAL RESULTS FOR THE 03'^ QUARTER ENDED MARCH 31", 2026.
Dear Slr,
We have to Inform you that the Board of Directors of the Company In their meeting held on Wednesday, 29 April 2026 recommended the following:
(i) | CASH DIVIDEND | NIL |
(il) | BONUS SHARES | NIL |
(iii) | RIGHT SHARES | NIL |
(lv) | ANY OTHER ENTITLEMENT/ COItPORATE ACTION | NIL |
(v) | ANY OTHER PRICE SENSITIVE INFORMATION | NIL |
The Un-audited standalone financial accounts of the Company for the Thlrd Quarter and Nine months* period ended March 31", 2026 have been considered by the Board of Directors as recommended by the Audit Committee and the same have been approved and hereby attached as "ANNEXURE A".
The un-audited financial statements of the Company for the Thlrd Quarter and Nine months period ended March 31", 2026 will be transmitted through PUCARS In due course of time and will also be available at the Company's website at www.aghasteeI.com.
Thanki
0If of AGHA
rna Munee
STEEL INDUSTRIES LIMITED
Company Secretary CC: The Director/flO
Surveillat›ce, supervision & Enforcement department Securities ai›d E xct›ange Commission of Pakistan
NIC building, G3 Jii›nafi Avenue, Blue area, Islamabad
AGHA STEEL INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION
AS AT MARCH 31, 2026
ASSETS
Non-Current Assets
(Unaudited) (Audited)
MARCH 31 June 30
2026 2025
- - - - Rupees in '000'- - - -
Property, plant and equipment | 43,958,131 | 45,255,437 |
Intangible asset | 26,690 | 29,830 |
Long term deposits and receivable | 20,097 | 21,919 |
Current Assets | 44,004,918 | 45,307,186 |
Stores, spare parts and loose tools | 1,961,027 | 2,079,185 |
Stock-in-trade | 2,627,228 | 2,936,853 |
Trade and other receivables | 2,642,292 | 2,886,634 |
Loans and advances | 1,726,423 | 1,970,377 |
Deposits | 9,165 | 17,524 |
Tax refunds due from Government | 593,233 | 461,431 |
Cash and bank balances | 289,073 | 48,462 |
9,848,441 | 10,400,466 | |
Total Assets | 53,853,359 | 55,707,652 |
EQUITY AND LIABILITIES
Share Capital And Reserves
Authorized capital 10,250,000 10,250,000
Share Capital
Issued, subscribed and paid up capital | 6,048,791 | 6,048,791 |
Advance against ordinary shares | 1,165,020 | - |
7,213,811 | 6,048,791 | |
Capital Reserve | ||
Share premium | 2,126,687 | 2,126,687 |
Surplus on revaluation of fixed assets - net | 15,682,628 | 15,980,622 |
Revenue Reserve | 17,809,315 | 18,107,309 |
Accumulated losses | (5,661,728) | (3,229,278) |
Total Shareholders' Equity Non-Current Liabilities | 19,361,398 | 20,926,822 |
Advance against preference shares | - | 750,000 |
Loans from directors | - | 415,020 |
Lease liabilities | 16,286 | 31,202 |
Long term borrowings | - | - |
Deferred tax liability | 1,486,649 | 2,915,144 |
Current Liabilities | 1,502,935 | 4,111,366 |
Long term borrowings - on demand | 7,934,597 | 7,940,282 |
Trade and other payables | 261,493 | 264,796 |
Short term borrowings - on demand | 15,376,641 | 15,378,483 |
Accrued markup - on demand | 9,408,566 | 7,073,336 |
Current portion of lease liabilities | 7,729 | 12,567 |
Contingencies and Commitments | 32,989,026 | 30,669,464 |
Total Equity And Liabilities | 53,853,359 | 55,707,652 |
Chief Executive Chief Financial Officer Director
AGHA STEEL INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED) Nine Months ended Quarter Ended March 31, March 31, 2026 2025 2026 2025 - - - - - - - - - - - (Rupees in '000') - - - - - - - - - - -Turnover - net | 7,324,951 | 8,080,549 | 2,183,810 | 2,717,027 |
Cost of sales | (8,413,893) | (9,250,771) | (2,579,436) | (3,097,952) |
Gross loss | (1,088,942) | (1,170,222) | (395,626) | (380,925) |
Administrative expenses | (295,702) | (458,152) | (86,327) | (138,869) |
Selling and distribution costs | (253,504) | (329,193) | (55,898) | (145,596) |
Finance costs | (2,355,412) | (3,435,224) | (731,013) | (950,241) |
(2,904,618) | (4,222,569) | (873,238) | (1,234,706) | |
Operating loss | (3,993,560) | (5,392,791) | (1,268,864) | (1,615,631) |
Other expenses | (132,376) | (1,280,147) | (43,785) | (259,935) |
Other income | 55,967 | 358,924 | 15,506 | 117,056 |
Loss before levy and taxation | (4,069,969) | (6,314,014) | (1,297,143) | (1,758,510) |
Levy | (93,592) | (101,007) | (28,122) | (33,963) |
Loss before taxation | (4,163,561) | (6,415,021) | (1,325,265) | (1,792,473) |
Taxation - net | 1,433,117 | 1,244,355 | 399,088 | 463,533 |
Loss after taxation | (2,730,444) | (5,170,666) | (926,177) | (1,328,940) |
Other comprehensive loss for the period | - | - | - | (158,946) |
Surplus on revaluation of fixed assets Deferred tax | - - | - - | - - | - - |
- | - | - | - | |
Total comprehensive loss for the period | (2,730,444) | (5,170,666) | (926,177) | (1,487,886) |
Loss per share | ||||
Basic - Rupees | (4.51) | (8.55) | (1.53) | (2.20) |
Diluted - Rupees | (3.79) | (8.55) | (1.28) | (2.20) |
Chief Executive Chief Financial Officer Director
AGHA STEEL INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF CHANGES IN EQUITY
FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)
Issued, subscribed
Advance against ordinary shares -
Reserves
Capital Revenue
***Surplus on
Total reserves
Total shareholders'
Particulars
and paid up
(note 09)
* Share
revaluation of ** Accumulated
equity
capital
Premium
fixed assets
(loss) / profit
- - - - - - - - - - - - - - - - - - - - - - - Rupees in '000' - - - - - - - - - - - - - - - - - - - - - - -
Balance as at June 30, 2024 -Audited Total comprehensive loss for the year | 6,048,791 | - | 2,126,687 | 16,656,355 | 3,306,407 | 22,089,449 | 28,138,240 |
Loss after taxation | - | - | - | - | (5,170,666) | (5,170,666) | (5,170,666) |
Other comprehensive income - net | - | - | - | - | - | - | - |
- | - | - | - | (5,170,666) | (5,170,666) | (5,170,666) | |
Transferred from surplus on revaluation of fixed assets on account of incremental depreciation - net of deferred | - | - | - | (470,090) | 470,090 | - | - |
tax | |||||||
Balance as at March 31, 2025 - Unaudited | 6,048,791 | - | 2,126,687 | 16,186,266 | (1,394,170) | 16,918,783 | 22,967,574 |
Balance as at June 30, 2025- Audited | 6,048,791 | - | 2,126,687 | 15,980,622 | (3,229,278) | 14,878,031 | 20,926,822 |
Transaction with owners | |||||||
Advance against ordinary shares | - | 1,165,020 | - | - | - | - | 1,165,020 |
Total comprehensive loss for the year | |||||||
Loss after taxation | - | - | - | - | (2,730,444) | (2,730,444) | (2,730,444) |
Other comprehensive income | - | - | - | - | - | - | - |
- | - | - | - | (2,730,444) | (2,730,444) | (2,730,444) | |
Transferred from surplus on revaluation of fixed assets on account of incremental depreciation - net of deferred tax | - | - | - | (297,994) | 297,994 | - | - |
Balance as at March 31, 2026- Un-Audited | 6,048,791 | 1,165,020 | 2,126,687 | 15,682,628 | (5,661,728) | 12,147,587 | 19,361,398 |
* Share premium is held for utilization for purposes as stated in Section 81 of the Companies Act, 2017.
** Accumulated profit can be utilized for meeting contingencies and distribution of profits by way of dividends when it available for distribution.
*** Surplus on revaluation of fixed assets is a capital reserve, and is not available for distribution to the share holders in accordance with section 241 of the Companies Act, 2017.
Chief Executive Chief Financial Officer Director
AGHA STEEL INDUSTRIES LIMITED CONDENSED INTERIM STATEMENT OF CASH FLOWS FOR THE NINE MONTHS PERIOD ENDED MARCH 31, 2026 (UN-AUDITED)March 31,
2026 2025
CASH FLOWS FROM OPERATING ACTIVITIES - - - - Rupees in '000'- - - -
Loss before levy and taxation (4,069,969) (6,314,014)
Adjustments for:
1,367,197
1,017,978
3,140
4,710
132,376
1,280,147
2,352,201
3,428,669
3,211
6,555
(4,731)
(4,788)
Depreciation Amortization
Impairment loss on trade receivables - net Finance cost
Finance lease markup
Gain on disposal of fixed assets - net
Cash used in operations before working capital changes (216,575) (580,743)
Changes in working capital
Decrease / (Increase) in current assets
Stores, spare parts and loose tools
118,158
296,318
Stock-in-trade
309,625
731,250
Trade and other receivables
111,966
(274,308)
Loans and advances
243,954
429,973
Deposits
8,359
(5,870)
792,062
1,177,363
Increase in current liabilities
Trade and other payables
8,469
80,199
Net cash generated from operations
583,956
676,819
(220,772)
(301,639)
-
(18,759)
(11,772)
(3,000)
(20,182)
(436,273)
Taxes paid - net
Workers welfare fund paid
Workers profit participation fund paid Financial charges paid
Net cash generated from / (used) in operations 331,230 (82,852)
CASH FLOWS FROM INVESTING ACTIVITIES
1,822
358,789
-
(59,310)
13,955
4,897
(79,115)
(546,084)
Long term deposits and receivable paid - net Additions in capital work in progress - net
Proceeds from disposal of property, plant and equipment Additions in property, plant and equipment
Net cash used in investing activities (63,338) (241,708)
CASH FLOWS FROM FINANCING ACTIVITIES
(5,685) | (42,111) |
- | 415,020 |
(19,754) | (32,249) |
(1,842) | (100,344) |
Repayments of long-term borrowings - net Loans from directors
Lease rentals paid
Short-term borrowings paid - net
Net cash (used) in / generated from financing activities | (27,281) | 240,316 |
Net decrease in cash and cash equivalents (A+B+C) | 240,611 | (84,244) |
Cash and cash equivalents at the beginning of the year | 48,462 | 239,134 |
Cash and cash equivalents at the end of the year | 289,073 | 154,890 |
Chief Executive
Chief Financial Officer
Director