Sitara Peroxide Limited has transmitted its annual audited financial statements for the year ended June 30, 2026, highlighting a significant turnaround from the previous year's losses.
- The company reported a profit after tax (PAT) of PKR 147.46M, compared to a loss of PKR 222.52M in the previous year.
- Earnings per share (EPS) improved to PKR 2.68 from a loss of PKR 4.04.
- Revenue for the year was not explicitly detailed, but other income surged to PKR 375.72M, primarily from the sale of a palladium catalyst.
- Administrative expenses decreased to PKR 240.41M from PKR 254.75M, reflecting cost control measures.
- The company faced operational challenges, with its plant remaining closed during the year due to Balancing, Modernization, and Replacement (BMR) plans.
- The independent auditor issued a disclaimer of opinion due to significant uncertainties regarding the company's ability to continue as a going concern.
- The management is optimistic about future operations contingent on successful funding for the BMR plan.