FASM · Faisal Spinning Mills Limited
Transmission of Annual Report for the Year Ended
- Filed
- 6 October 2026 at 11:18 am
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Faisal Spinning Mills Limited reported its annual financial results for the year ended June 30, 2026, posting a loss after taxation of PKR 413.536 million compared to a loss of PKR 269.267 million in the previous year, with net sales decreasing slightly by 0.78% to PKR 45,841.30 million. The board of directors has decided not to declare any dividend for the year due to the loss incurred and to preserve cash resources. Additionally, the company successfully reduced inventory levels and short-term borrowings by over 35% and is advancing a 2.19 MW solar energy installation expected to commence production in October 2026.
Key takeaways
- Net sales for the year ended June 30, 2026, decreased by 0.78% to PKR 45,841,296,908 from PKR 46,203,552,790 in the prior year.
- The company reported a loss after taxation of PKR 413,535,846 for FY2026 compared to a loss of PKR 269,267,085 in FY2025, resulting in a basic loss per share of PKR 41.35.
- Loss before taxation narrowed to PKR 20,257,392 in FY2026 from PKR 265,380,369 in FY2025, supported by lower cost of sales and higher other income.
- The Board of Directors decided not to declare any dividend for the year ended June 30, 2026, in view of the loss after tax and to preserve cash resources.
- The company successfully reduced both inventory levels and short-term borrowings by over 35% during the year, reflecting disciplined working capital management.
- An additional 2.19 MW solar energy installation is in process at Unit I, expected to commence production in October 2026, bringing the combined renewable energy portfolio to 14.09 MW.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 45,841,296,908 (prior 46,203,552,790)
- Profit after tax
- -413,535,846 (prior -269,267,085)
- EPS
- -41.35 (prior -26.93)
- Decided not to declare any dividend for the year ended June 30, 2026.
- Recommended the appointment of M/s Mushtaq & Company, Chartered Accountants, as external auditors for the year ending June 30, 2027, at a remuneration of PKR 3,100,000.
- Approved the scheduling of the 42nd Annual General Meeting for October 27, 2026.
- Advanced an additional 2.19 MW solar energy installation at Unit I, expected to commence production in October 2026.
Dividend and entitlement
- Type
- None
- Notes
- Transmission of Annual Financial Statements for the Year Ended 2026-06-30. No dividend, bonus, or rights entitlement mentioned.
- #financial-results
- #annual-report
- #loss
- #no-dividend
- #renewable-energy
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.