Karachi: Metropolitan Steel Corporation Limited held a corporate briefing session on November 27, 2025, to discuss its financial performance for the year ended June 30, 2025. The company’s financial results highlighted a challenging year marked by a decline in sales revenue and increased economic pressures.
For the fiscal year ending June 30, 2025, Metropolitan Steel Corporation Limited reported a sales revenue of 100.75 million, a decrease of 18% from the previous year’s 122.48 million. The cost of sales also dropped by 20% to 112.43 million from 139.69 million in the prior year. This resulted in a gross loss of 11.68 million, demonstrating a very large or significant move in financial performance, compared to a loss of 17.21 million in the previous period.
The decline in sales was attributed to several factors, including rising energy prices and stagnant economic activity impacting the steel wire industry. Additionally, the global steel market faced headwinds due to a downturn in China’s economy and a decrease in raw material prices. Metropolitan Steel’s products, such as springs for mattresses and cars, saw reduced demand linked to lower purchasing power, high unemployment, and slow economic growth.
According to information available from the Pakistan Stock Exchange (PSX), the company faced stern economic pressures from sluggish demand for steel products despite a receptive market. Capacity utilization also saw a decline, with the current fiscal year reporting 5.98% utilization, down from 8.50% the previous year.
The net revenue for the year was recorded at 100.75 million, with a net loss after income and minimum tax amounting to 12.42 million, an improvement from the previous year’s loss of 23.34 million. Metropolitan Steel Corporation Limited operates without long-term or short-term loans, relying on its own capital for raw material acquisition and operational expenses.
The company’s liquidity ratios showed a decline, with the current ratio at 0.29 and the quick ratio at 2.35. Profitability ratios also reflected the challenging market conditions, with a gross profit margin ratio of -0.12 and a net profit margin ratio of -0.12.
Metropolitan Steel’s shareholders’ equity stood at 844.88 million, with a slight increase from the previous year’s 814.75 million. Deferred liabilities increased to 38.30 million from 27.82 million the prior year.
The financial results underscore the challenges faced by Metropolitan Steel Corporation Limited amid broader economic difficulties and industry-specific pressures. The company continues to navigate a complex economic landscape, seeking to stabilize its financial performance in the coming years.