Faisalabad: Sitara Peroxide Limited, a prominent player in the chemical manufacturing sector, has reported its financial outcomes for the half-year period ending December 31, 2024. The company's board of directors convened on October 24, 2025, to discuss the financial statements, which revealed a notable decline in financial performance compared to previous periods.

The financial data disclosed a net loss of 123.63 million rupees for the half-year ending December 31, 2024, a substantial increase from the 76.37 million rupees loss reported in the same period the previous year. Furthermore, the company did not declare any interim cash dividend, bonus shares, right shares, or other corporate actions for this period.

The comprehensive financial results, including the statement of profit or loss, financial position, changes in equity, and cash flows, highlight a challenging operational landscape. Revenue from contracts with customers was reported at 14.90 million rupees, while the cost of sales amounted to 92.40 million rupees. This resulted in a gross loss significantly impacting the company's profitability.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Peroxide Limited's financial standing has seen a downturn, with accumulated losses increasing to 798.36 million rupees by December 31, 2024, from 720.67 million rupees as of June 30, 2024. The company's total equity and liabilities were recorded at 2.94 billion rupees, reflecting a decrease from 3.06 billion rupees noted at the close of the previous fiscal year.

Sitara Peroxide's operational cash flows before working capital changes stood at a negative 53.54 million rupees, with adjustments including depreciation of property, plant, and equipment amounting to 91.48 million rupees. The company also reported a finance cost of 2.78 million rupees for the period.

The board has acknowledged the financial challenges faced during this period and remains committed to enhancing operational efficiencies to stabilize and potentially improve the company's financial health in the future. The half-year report will be disseminated through PUCARS, as per regulatory requirements.