Karachi: Aisha Steel Mills Limited (ASML) unveiled its financial results for the fiscal year ending June 30, 2026, in a report dated August 19, 2026. The company's Board of Directors convened on August 18, 2026, at the Arif Habib Centre in Karachi to deliberate on the financial outcomes and recommendations for stakeholders.
The Board reported that no cash dividend on ordinary shares or right shares will be issued. However, a preferential dividend on cumulative preference shares has been declared. For the period from July 1, 2022, to June 30, 2026, ASML will distribute a preferential dividend amounting to Rs. 343.71 million for the ASLPS shares and Rs. 1.14 million for the ASLCPS shares.
According to information available from the Pakistan Stock Exchange (PSX), the financial performance of ASML saw a significant move, with revenue from contracts with customers climbing to Rs. 54.24 billion, up from Rs. 33.75 billion in the previous fiscal year. This represents a very large move in revenue. The gross profit rose to Rs. 5.93 billion from Rs. 1.67 billion, and profit before income tax reached Rs. 1.62 billion, recovering from a loss of Rs. 1.72 billion the previous year.
The company's operating profit surged to Rs. 3.64 billion from Rs. 603.86 million, while finance costs decreased to Rs. 1.73 billion from Rs. 2.73 billion. The total comprehensive income for the year amounted to Rs. 1.29 billion, compared to a loss of Rs. 1.37 billion in the prior year.
ASML's total assets increased to Rs. 51.79 billion from Rs. 38.76 billion in the previous year, with notable growth in inventories and trade receivables. Total liabilities also rose to Rs. 25.96 billion, up from Rs. 18.14 billion in 2025.
For the fiscal year 2026, the earnings per share were recorded at Rs. 0.99 basic and Rs. 0.97 diluted, demonstrating a positive turnaround from the loss per share reported in 2025.
The Board's announcement includes specific terms for the distribution of ordinary shares as a preferential dividend against the cumulative preference shares. The ex-dividend prices of ASLPS and ASLCPS are expected to be impacted by these entitlements, as disclosed in the financial report.