Dost Steels Limited has transmitted its annual report for the year ended June 30, 2026, detailing significant financial challenges and restructuring efforts.
- The company reported a net loss of PKR 164.83M for FY 2026, a decline from a profit of PKR 302.46M in FY 2025.
- Revenue for the year was PKR 0, with a gross loss of PKR 109.67M compared to a gross loss of PKR 38.61M in the previous year.
- Earnings per share (EPS) stood at PKR (0.37), down from PKR 0.68 in the prior year.
- The company has successfully negotiated a settlement with lenders for outstanding liabilities of PKR 2.08B, with cumulative payments of PKR 293.46M made to date.
- A 100% rights issue of PKR 4.44B is planned to strengthen the financial position and support operational improvements.
- The auditors issued a disclaimer of opinion due to significant uncertainties regarding the company's ability to continue as a going concern.
- The company has not generated revenue since 2019 and continues to face operational challenges.