·        To recall, company posted topline of PkR33.8bn in FY25, compared to PkR42.7bn in SPLY, down 21%YoY, primarily driven by 10% reduction in volumetric sales.

·        Company reported a loss of PkR1.4bn (LPS: PkR1.55) for the year, compared to a loss of PkR132.5mn (LPS: PkR0.26) in FY24, primarily due to gross margin attrition. Notably, the gross margin declined to 5% in FY25 from 9% in the prior year.

·        Earnings for 1QFY26 reported a profit of PkR82mn compared to loss of PkR843mn in SPLY, due to better sales volume , up 114%YoY.

·        The total quantity sold during the 1QFY26 was 43,376 tons as compared to 20,504 tons sold during the corresponding period last year. The exports during the period were 5,856 tons compared to 1,975 tons exported in the previous year.

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