Lahore: Dost Steels Limited has reported a notable financial downturn for the fiscal year ending June 30, 2026. In a recent board meeting held on October 2, 2026, the company approved its annual audited financial statements, revealing a loss of Rs. 164,831,401, a stark contrast to the Rs. 302,460,579 profit recorded the previous year.

The company's earnings per share have also declined, with a reported loss of Rs. 0.37 compared to a gain of Rs. 0.68 in the prior year. Equity stood at Rs. 7.53 billion, down from Rs. 7.69 billion, and the break-up value per share decreased to Rs. 16.92 from Rs. 17.29. Total assets marginally decreased to Rs. 11.45 billion from Rs. 11.53 billion the previous year.

According to information available from the Pakistan Stock Exchange (PSX), the company's financial highlights indicate no cash dividends, bonus shares, or right shares for the fiscal year, with no other price-sensitive information disclosed. The financial position reflects challenges, with non-current liabilities decreasing to Rs. 2.83 billion from Rs. 3.12 billion, while current liabilities increased to Rs. 1.10 billion from Rs. 718.63 million.

Key financial elements reveal a gross loss of Rs. 109,672,185, an increase from Rs. 38,608,041 last year. Administrative expenses slightly rose to Rs. 11,420,647, while the finance cost decreased to Rs. 64,665,213. Other operating income plummeted to Rs. 743,425 from Rs. 481.78 million. The company's taxation for the year was Rs. 24,183,185, compared to Rs. 58,998,168 in 2025.

The company's annual general meeting is scheduled for October 28, 2026, in Lahore. The shares transfer books will remain closed from October 22 to October 28, 2026. The financial statements will be transmitted through PUCARS ahead of the meeting, ensuring shareholder awareness and engagement.