Karachi: Data Agro Limited has reported a net loss for the third quarter ended March 31, 2025, as the company struggles with declining revenue and increased operational costs. The announcement was made in the Directors' Report accompanying the company's unaudited condensed interim financial statements.

During the period, Data Agro Limited posted a net loss of Rs. 49.141 million, a significant downturn from a profit of Rs. 17.039 million recorded in the same period last year. Sales for the third quarter were Rs. 261.656 million, down from Rs. 276.141 million in the comparable period of 2024.

The decline in performance is attributed to adverse market conditions, particularly the sharp drop in wheat crop prices, which has negatively impacted market sentiment and liquidity. According to information available from the Pakistan Stock Exchange (PSX), the agricultural sector has faced widespread pressure, affecting companies like Data Agro Limited.

Despite these challenges, the company remains optimistic about its newly launched hybrid products, D-4147 and D-4382, which have shown promising performance and are expected to compete strongly in the market.

The company also cited increased operational costs, inflationary pressures, and high financial costs as factors impacting profitability. In response, Data Agro Limited is implementing cost-saving measures, improving operational efficiency, and exploring new revenue streams.

Looking forward, the company aims to strengthen its market presence through innovation and product diversification, optimize production processes to improve margins, and manage financial costs effectively through restructuring and alternative financing options.

Due to the loss incurred, the Board of Directors has decided not to declare any dividend for the third quarter and the period ended March 31, 2025. The company expressed appreciation for the continued trust and support from its shareholders, employees, customers, and business partners, as it remains committed to navigating current challenges and pursuing sustainable growth.