AASM · Al-Abid Silk Mills Limited
Transmission of Annual Report for the Year ended on June 30, 2026
- Filed
- 7 October 2026 at 10:11 am
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Al-Abid Silk Mills Limited reported its annual financial results for the year ended June 30, 2026, posting a net loss after tax of PKR 141.87 million compared to a net loss of PKR 138.94 million in the previous year. The company cited severe financial constraints, accumulated losses of PKR 2.35 billion, and ongoing litigation with certain banks, resulting in no dividend recommendation for the year. Management has commenced trial production on its coating and flocking line and is actively pursuing restructuring negotiations and export revival opportunities.
Key takeaways
- Sales and manufacturing revenue stood at PKR 939,316 for the year ended June 30, 2026, with no sales recorded in the comparative 2025 period.
- Loss after taxation widened slightly to PKR 141,871,933 for FY2026 compared to a loss of PKR 138,940,286 in FY2025.
- Loss before taxation was reported at PKR 141,871,933 for FY2026 versus PKR 138,940,286 in the prior year.
- Basic and diluted loss per share increased to PKR (10.58) in FY2026 from PKR (10.36) in FY2025.
- The Board of Directors did not recommend any dividend for the year ended June 30, 2026, due to prevailing financial constraints.
- Accumulated losses reached PKR 2.35 billion and current liabilities exceeded current assets by PKR 1.96 billion, prompting an adverse opinion from the statutory auditors regarding going concern assumptions.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 939,316 (prior 0)
- Profit after tax
- -141,871,933 (prior -138,940,286)
- EPS
- -10.58 (prior -10.36)
- The Board of Directors resolved not to recommend any dividend for the year ended June 30, 2026, due to financial constraints.
- The Board recommended the reappointment of M/s. Muniff Ziauddin & Co., Chartered Accountants, as statutory auditors for the year 2026-2027.
- Management has commenced trial production on its coating and flocking line during the last quarter of the financial year and activated its Pakistan Single Window (PSW) account to facilitate import clearance.
Dividend and entitlement
- Type
- None
- Notes
- The document only transmits annual financial statements and contains no declaration of cash dividend, bonus shares, or rights entitlement.
- #annual results
- #financial statements
- #silk mills
- #loss
- #aasm
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.