Cutix Plc has reported a loss after tax of N198.02 million for the 2026 financial year, marking a significant downturn from the N1.03 billion profit recorded in 2025. During its 43rd Annual General Meeting in Nnewi, the company attributed the poor performance to intense competition, rising raw material and energy costs, and foreign exchange volatility. To restore profitability, management is implementing a cost-optimisation framework, which includes the commissioning of a 33kVA power line to reduce diesel dependence and expanding into the renewable energy sector with solar cable distribution.