Karachi: Siddiqsons Tin Plate Limited has reported a return to profitability in its financial results for the year ended June 30, 2026, marking a significant improvement from the previous fiscal year. The company disclosed a modest profit of 3,185,150 rupees, compared to a substantial loss of 255,116,460 rupees in 2025, reflecting a very large or significant move in financial performance.
The company's revenue from contracts with customers reached 2.83 billion rupees, an increase from 2.02 billion rupees in the previous year. This growth in revenue was accompanied by a rise in the cost of goods sold, which amounted to 2.50 billion rupees, up from 1.80 billion rupees. Consequently, the gross profit improved to 334.64 million rupees from 221.78 million rupees last year.
Distribution costs increased to 23,818,092 rupees from 15,532,752 rupees, while administrative expenses decreased to 86,908,203 rupees from 111,368,581 rupees. The finance cost saw a reduction, dropping to 239,980,822 rupees from 382,985,923 rupees in the previous year. Meanwhile, other income slightly declined to 64,056,724 rupees from 70,765,054 rupees.
According to information available from the Pakistan Stock Exchange (PSX), Siddiqsons Tin Plate's profit before levies and taxation stood at 38,611,886 rupees, a remarkable recovery from a loss of 229,828,432 rupees in the prior year. After accounting for levies amounting to 35,426,736 rupees, the company achieved a profit before taxation of 3,185,150 rupees.
The company did not report any taxation for the year, resulting in an identical figure for the profit after taxation. No other comprehensive income was recorded, leading to a total comprehensive profit of 3,185,150 rupees.
Siddiqsons Tin Plate's earnings per share also experienced a turnaround, with a basic and diluted profit of 0.01 rupees per share, compared to a loss of 1.11 rupees per share in 2025. The company's results indicate a positive shift in its financial trajectory, holding potential implications for its stakeholders in the designated market category.