Lahore: Beco Steel Limited has announced a significant corporate restructuring plan amid its financial results for the year ended June 30, 2025. In a board meeting held on October 6, 2025, the company proposed a subdivision of its shares, a move aimed at enhancing market liquidity and aligning its stock price with broader market participation.
The board of directors has recommended changing the face value of shares from PKR 10 to PKR 1 each. Consequently, the subscribed and paid-up capital, currently comprising 124,962,510 ordinary shares of PKR 10 each, will be restructured into 1,249,625,100 ordinary shares of PKR 1 each. This transformation does not alter the total paid-up capital. Shareholders are set to receive ten shares of PKR 1 each for every one share of PKR 10 held, pending the completion of regulatory approvals in accordance with Section 85(1)(c) of the Companies Act, 2017. The company plans to seek shareholders’ approval for this action at the Annual General Meeting scheduled for October 28, 2025.
Financially, Beco Steel Limited reported a net profit of PKR 111.48 million for the year, reflecting a turnaround from the previous year’s net loss of PKR 90.83 million. Revenue saw a significant increase, reaching PKR 7.45 billion compared to PKR 3.10 billion in 2024. The cost of sales accounted for PKR 7.07 billion, resulting in a gross profit of PKR 386.26 million, up from PKR 223.36 million the previous year.
According to information available from the Pakistan Stock Exchange (PSX), the company’s total equity and liabilities rose to PKR 7.67 billion from PKR 7.18 billion in 2024. This increase is attributed to a growth in both current and non-current liabilities. Trade and other payables increased to PKR 4.29 billion from PKR 3.96 billion, while deferred taxation saw a rise to PKR 129.34 million from PKR 117.53 million.
On the assets side, Beco Steel’s non-current assets decreased slightly to PKR 3.64 billion from PKR 3.77 billion in 2024. Current assets, however, showed an improvement, increasing to PKR 4.02 billion from PKR 3.41 billion. Notable changes include a rise in trade debts to PKR 1.38 billion from PKR 938.02 million and an increase in tax refunds due from the government to PKR 293.96 million from PKR 144.64 million.
The company’s financial report reflects a focus on improving capital structure and liquidity, with an operating profit of PKR 251.37 million, reversing a loss of PKR 55.84 million in 2024. This comes despite a reduction in administrative expenses, which fell to PKR 118.95 million from PKR 276.40 million.
The proposed share subdivision and the financial results suggest strategic measures by Beco Steel Limited to strengthen its market position and financial health. The company’s efforts to improve investor accessibility and market participation through this restructuring are set to play a crucial role in its future growth trajectory.