Karachi: Agritech Limited, a key player in the Pakistan market, announced a significant financial downturn for the quarter ending September 30, 2026, according to its financial results released on October 28, 2026. The company's net sales for the nine-month period decreased to 21.36 billion rupees from 23.63 billion rupees in the same period of 2025, reflecting a very large move.
The cost of sales for the same nine-month period increased to 21.35 billion rupees from 19.69 billion rupees, significantly impacting the company's gross profit, which plummeted to 19.28 million rupees from 3.94 billion rupees. During the three-month period ending in September 2026, Agritech Limited reported a gross loss of 583.39 million rupees compared to a previous gross profit of 1.86 billion rupees for the same quarter in 2025.
Operating losses were reported at 2.05 billion rupees for the nine-month period, a stark contrast to the operating profit of 1.41 billion rupees from the previous year. For the quarter ending September 2026, the operating loss was 1.26 billion rupees, down from a profit of 720.44 million rupees in the comparable quarter of 2025.
According to information available from the Pakistan Stock Exchange (PSX), Agritech Limited faced a loss before taxation amounting to 4.61 billion rupees for the nine-month period, a significant move from the profit of 1.95 billion rupees recorded the previous year. Taxes for the period amounted to 466.21 million rupees, leading to a net loss after taxation of 4.15 billion rupees, compared to a profit of 2.20 billion rupees in 2025.
For the quarter ending in September 2026, the loss before taxation was registered at 2.19 billion rupees, with a post-taxation loss tallying at 2.03 billion rupees against a previous loss of 40.32 million rupees in the same quarter of 2025. The basic and diluted loss per share for the nine-month period was reported at 6.92 rupees, a significant decline from earnings of 3.67 rupees per share in 2025. For the quarter, the loss per share was 3.39 rupees compared to a loss of 0.07 rupees in the same period last year.