Karachi: Siddiqsons Tin Plate Limited announced its financial results for the fiscal year ending June 30, 2025, revealing a total comprehensive loss of 255,116,460 rupees. The company’s Board of Directors convened on November 6, 2025, in Karachi, where they decided against declaring any cash dividends, bonus shares, right shares, or other entitlements. The company’s financial statements indicate a challenging year, marked by a downturn in several key financial metrics.
The company’s revenue from contracts with customers significantly decreased to 2.02 billion rupees from the previous year’s 4.08 billion rupees, highlighting the operational hurdles faced over the past year. The cost of goods sold was reported at 1.80 billion rupees, resulting in a gross profit of 221.78 million rupees compared to a loss of 55.47 million rupees in the prior year.
According to information available from the Pakistan Stock Exchange (PSX), Siddiqsons Tin Plate Limited’s total assets stood at approximately 4.45 billion rupees, with non-current assets slightly decreasing to 3.34 billion rupees and current assets increasing to 1.19 billion rupees. The company’s equity and liabilities reflect a notable decline in equity to 907.46 million rupees, primarily due to accumulated losses that reached 1.68 billion rupees. Non-current liabilities reduced significantly to 50.24 million rupees, while current liabilities increased to 3.49 billion rupees.
The company’s profit and loss statement reveals a loss before taxation of 255.12 million rupees, an improvement from the previous year’s loss of approximately 2.05 billion rupees. However, the finance cost remained substantial at 382.99 million rupees, impacting the overall financial health of the company.
Siddiqsons Tin Plate Limited’s statement of cash flows indicates a net cash flow used in operating activities of 308.10 million rupees, driven by significant finance costs and income tax payments. In terms of investing activities, the company generated 58.87 million rupees, while financing activities resulted in net cash generation of 176.19 million rupees.
The company’s Annual General Meeting is scheduled for November 27, 2025, at Ocean Mall, Karachi, with share transfer books remaining closed from November 20 to November 27, 2025. The annual report will be made available through PUCARS at least 21 days prior to the meeting.
Siddiqsons Tin Plate Limited operates within the designated market category of the Pakistan Stock Exchange, indicating its position and regulatory compliance in the financial market.