Reported Earnings • Apr 29
Third quarter 2026 earnings released: EPS: PK₨0.027 (vs PK₨0.14 loss in 3Q 2025) Third quarter 2026 results: EPS: PK₨0.027 (up from PK₨0.14 loss in 3Q 2025). Revenue: PK₨26.0m (up 19% from 3Q 2025). Net income: PK₨846.0k (up PK₨5.04m from 3Q 2025). Profit margin: 3.3% (up from net loss in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Aankondiging • Apr 20
Metropolitan Steel Corporation Limited to Report Q3, 2026 Results on Apr 27, 2026 Metropolitan Steel Corporation Limited announced that they will report Q3, 2026 results on Apr 27, 2026 Reported Earnings • Feb 25
Second quarter 2026 earnings released: PK₨0.21 loss per share (vs PK₨0.29 loss in 2Q 2025) Second quarter 2026 results: PK₨0.21 loss per share (improved from PK₨0.29 loss in 2Q 2025). Revenue: PK₨26.3m (up 29% from 2Q 2025). Net loss: PK₨6.59m (loss narrowed 27% from 2Q 2025). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Aankondiging • Feb 04
Metropolitan Steel Corporation Limited to Report First Half, 2026 Results on Feb 11, 2026 Metropolitan Steel Corporation Limited announced that they will report first half, 2026 results on Feb 11, 2026 New Risk • Jan 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨4.1m free cash flow). Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m (PK₨92m revenue, or US$328k). Market cap is less than US$10m (PK₨525.1m market cap, or US$1.88m). Minor Risk Share price has been volatile over the past 3 months (7.1% average weekly change). New Risk • Nov 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -PK₨4.1m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨4.1m free cash flow). Earnings have declined by 6.5% per year over the past 5 years. Revenue is less than US$1m (PK₨92m revenue, or US$327k). Market cap is less than US$10m (PK₨418.2m market cap, or US$1.49m). Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Aankondiging • Oct 24
Metropolitan Steel Corporation Limited to Report Q1, 2026 Results on Oct 30, 2025 Metropolitan Steel Corporation Limited announced that they will report Q1, 2026 results on Oct 30, 2025 Aankondiging • Oct 07
Metropolitan Steel Corporation Limited, Annual General Meeting, Oct 25, 2025 Metropolitan Steel Corporation Limited, Annual General Meeting, Oct 25, 2025. Location: at the registered head office, factory premises on plot no. he-1/2, adjacent nagaria textile mill, landhi industrial area, karachi Pakistan Reported Earnings • Oct 07
Full year 2025 earnings released: PK₨0.40 loss per share (vs PK₨0.75 loss in FY 2024) Full year 2025 results: PK₨0.40 loss per share (improved from PK₨0.75 loss in FY 2024). Revenue: PK₨100.7m (down 18% from FY 2024). Net loss: PK₨12.4m (loss narrowed 47% from FY 2024). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Aankondiging • Sep 26
Metropolitan Steel Corporation Limited to Report Fiscal Year 2025 Results on Oct 03, 2025 Metropolitan Steel Corporation Limited announced that they will report fiscal year 2025 results at 9:30 AM, Pakistan Standard Time on Oct 03, 2025 New Risk • Jul 03
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Pakistani stocks, typically moving 9.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (PK₨111m revenue, or US$391k). Market cap is less than US$10m (PK₨515.8m market cap, or US$1.82m). Minor Risk Share price has been volatile over the past 3 months (9.2% average weekly change). Reported Earnings • Nov 02
First quarter 2025 earnings released: PK₨0.22 loss per share (vs PK₨0.04 loss in 1Q 2024) First quarter 2025 results: PK₨0.22 loss per share (further deteriorated from PK₨0.04 loss in 1Q 2024). Revenue: PK₨32.0m (down 7.4% from 1Q 2024). Net loss: PK₨6.83m (loss widened 469% from 1Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has fallen by 26% per year, which means it is performing significantly worse than earnings. New Risk • Oct 10
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -PK₨13m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨13m free cash flow). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (PK₨122m revenue, or US$441k). Market cap is less than US$10m (PK₨385.7m market cap, or US$1.39m). Minor Risk Share price has been volatile over the past 3 months (8.8% average weekly change). Reported Earnings • Oct 02
Full year 2024 earnings released: PK₨0.75 loss per share (vs PK₨0.42 loss in FY 2023) Full year 2024 results: PK₨0.75 loss per share (further deteriorated from PK₨0.42 loss in FY 2023). Revenue: PK₨122.5m (up 24% from FY 2023). Net loss: PK₨23.3m (loss widened 80% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 23% per year whereas the company’s share price has fallen by 20% per year. Aankondiging • Sep 28
Metropolitan Steel Corporation Limited, Annual General Meeting, Oct 25, 2024 Metropolitan Steel Corporation Limited, Annual General Meeting, Oct 25, 2024. New Risk • Apr 23
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 34% per year over the past 5 years. Revenue is less than US$1m (PK₨99m revenue, or US$356k). Market cap is less than US$10m (PK₨433.7m market cap, or US$1.56m). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Board Change • Nov 17
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. 1 independent director (6 non-independent directors). Independent Non-Executive Director Irshad Pitafi was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Board Change • Oct 13
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Irshad Pitafi was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 11
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Irshad Pitafi was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 03
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Irshad Pitafi was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. New Risk • Jun 14
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -PK₨13m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-PK₨13m free cash flow). Shares are highly illiquid. Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (PK₨115m revenue, or US$398k). Market cap is less than US$10m (PK₨893.1m market cap, or US$3.11m). Board Change • May 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Irshad Pitafi was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 05
Second quarter 2023 earnings released: EPS: PK₨0.11 (vs PK₨0.04 loss in 2Q 2022) Second quarter 2023 results: EPS: PK₨0.11 (up from PK₨0.04 loss in 2Q 2022). Revenue: PK₨39.9m (up 44% from 2Q 2022). Net income: PK₨3.45m (up PK₨4.78m from 2Q 2022). Profit margin: 8.7% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 43% per year but the company’s share price has increased by 26% per year, which means it is well ahead of earnings. Board Change • Feb 22
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Executive Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Feb 07
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Executive Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 17
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Executive Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Dec 20
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Executive Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Nov 22
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Executive Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 10
Full year 2022 earnings released: PK₨2.58 loss per share (vs PK₨0.06 profit in FY 2021) Full year 2022 results: PK₨2.58 loss per share (down from PK₨0.06 profit in FY 2021). Revenue: PK₨100.7m (up 8.7% from FY 2021). Net loss: PK₨79.9m (down PK₨81.7m from profit in FY 2021). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Oct 10
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Aug 29
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jul 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jun 10
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). Director Muhammad Asim-Siddiqui was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • May 11
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Board Change • Jan 04
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 08
Full year 2021 earnings released: EPS PK₨0.06 (vs PK₨0.54 loss in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: PK₨92.7m (up 238% from FY 2020). Net income: PK₨1.85m (up PK₨18.6m from FY 2020). Profit margin: 2.0% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Third quarter 2021 earnings released: PK₨0.17 loss per share (vs PK₨0.14 loss in 3Q 2020) Third quarter 2021 results: Net loss: PK₨5.39m (loss widened 27% from 3Q 2020). Reported Earnings • Mar 03
Second quarter 2021 earnings released: PK₨0.15 loss per share (vs PK₨0.12 loss in 2Q 2020) Second quarter 2021 results: Net loss: PK₨4.56m (loss widened 31% from 2Q 2020). Is New 90 Day High Low • Jan 22
New 90-day high: PK₨18.73 The company is up 87% from its price of PK₨10.02 on 23 October 2020. The Pakistani market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 28% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: PK₨17.38 The company is up 53% from its price of PK₨11.33 on 29 September 2020. The Pakistani market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 09
New 90-day high: PK₨15.47 The company is up 28% from its price of PK₨12.04 on 10 September 2020. The Pakistani market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Is New 90 Day High Low • Nov 05
New 90-day high: PK₨13.52 The company is up 17% from its price of PK₨11.55 on 07 August 2020. The Pakistani market is flat over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. Reported Earnings • Oct 07
Full year earnings released - PK₨0.54 loss per share Over the last 12 months the company has reported total losses of PK₨16.7m, with losses narrowing by 10% from the prior year. Is New 90 Day High Low • Oct 03
New 90-day high: PK₨13.47 The company is up 39% from its price of PK₨9.70 on 02 July 2020. The Pakistani market is up 14% over the last 90 days, indicating the company outperformed over that time. However, its price trend is similar to the Metals and Mining industry, which is also up 39% over the same period. 