Karachi: Siddiqsons Tin Plate Limited has reported a significant financial turnaround for the half-year ending December 2025, as detailed in the company's unaudited condensed interim financial statements released on March 10, 2026. The company, which operates within the designated market category of tinplate manufacturing, saw its sales revenue reach PKR 1,493 million, marking a 38% increase from the same period last year. This increase was primarily due to enhanced production activity and improved availability of raw materials.
The cost of sales witnessed a 39% rise, largely attributed to higher production volumes, which allowed the company to operate closer to its optimal production capacity. This resulted in a positive volume variance. Finance costs decreased by 36%, positively impacting the company's profitability. The company recorded a profit after taxation of Rs. 25.65 million, a notable improvement from the Rs. 154.233 million loss reported in the corresponding period of the previous year. The earnings per share were reported at Rs. 0.11, compared to a loss per share of Rs. (0.67) in the prior period.
During the quarter, the market environment remained relatively steady, though the inflow of imported tinplate at dumped prices negatively affected sales activity. Despite these challenges, the company navigated the economic landscape, which showed no change in the rate policy and lacked a comprehensive economic revival plan. Importantly, the company has raised concerns regarding the use of Galvalume in food packaging due to health risks, seeking regulatory intervention.
Looking forward, Siddiqsons Tin Plate Limited has secured raw materials for the upcoming quarter, expecting this to bolster operational performance and production stability. The management is also exploring potential markets in the U.S. and Europe, viewing international expansion as crucial for long-term sustainability and growth.
According to information available from the Pakistan Stock Exchange (PSX), the company is actively pursuing strategies to overcome domestic market challenges and enhance its global footprint. The financial position as of December 31, 2025, shows total assets at PKR 4.65 billion, an increase from PKR 4.45 billion as of June 30, 2025. The company’s equity and liabilities stood at PKR 933.11 million for share capital and reserves, with non-current liabilities remaining steady at PKR 50.24 million, and current liabilities increasing to PKR 3.67 billion from PKR 3.49 billion.