Sitara Peroxide cuts quarterly loss by 30%

January 28, 2026 (MLN): Sitara Peroxide Limited (PSX:SPL) posted a net loss of Rs49.5 million for the quarter ended September 30, 2025, which represents a 30% improvement compared to the Rs70.8m loss recorded in the same period last year.

The company's loss per share decreased to Rs0.9 from Rs1.28 in the corresponding quarter of the previous year.

Despite the improved bottom line, the company's operational challenges persisted.

Revenue from contract with customers remained at nil for the quarter, similar to the previous year. The company recorded a modest other income of Rs43,670 compared to zero in SPLY.

The chemical manufacturer's cost of sale stood at zero for the current quarter from Rs53.8m in the year-ago period, resulting in no gross loss compared to a Rs53.8m gross loss previously.

Operating expenses surged 1.2x YoY to Rs61.4m, driven primarily by a sharp rise in administrative expenses. Distribution costs increased 45.6% to Rs1.5m from Rs1.03m, while administrative expenses jumped to Rs59.3m from Rs25.2m.

Finance costs declined 56.5% to Rs603,244 from Rs1.39m.

The substantial increase in administrative expenses appears to be the main factor pressuring the company's profitability during the quarter.

The company recorded a provision for taxation of Rs11.9m, representing an 11% increase from Rs10.7m in the corresponding period last year.

Loss before levies and income tax stood at Rs61.4m, down 24.6% from Rs81.5m in SPLY.

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