DFSM · Dewan Farooque Spinning Mills Limited
Transmission of Annual Report for the Year Ended June 30,2026
- Filed
- 5 October 2026 at 2:10 pm
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Dewan Farooque Spinning Mills Limited reported its annual financial results for the year ended June 30, 2026, posting a net loss after tax of PKR 210.68 million (LPS: PKR 2.16) compared to a loss of PKR 213.30 million (LPS: PKR 2.18) in the previous year. The company continues to face severe operational and financial challenges, including a gross loss of PKR 241.29 million, a qualified audit opinion regarding unbooked mark-up and defaults on restructured liabilities, and material uncertainties regarding its going concern status.
Key takeaways
- Net revenue for FY2026 increased to PKR 275.15 million compared to PKR 219.25 million in FY2025.
- Gross loss slightly widened to PKR 241.29 million from PKR 239.68 million in the prior year.
- Loss before taxation stood at PKR 266.71 million compared to PKR 238.66 million in FY2025.
- Loss after taxation slightly improved to PKR 210.68 million from PKR 213.30 million, resulting in a basic and diluted loss per share of PKR 2.16.
- The statutory auditors issued a qualified opinion regarding defaults on restructured liabilities and non-provisioning of mark-up amounting to Rs. 583.535 million.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 275,146,289 (prior 219,248,591)
- Profit after tax
- -210,681,331 (prior -213,301,576)
- EPS
- -2.16 (prior -2.18)
- The Board of Directors proposed the re-appointment of M/s. Feroze Sharif Tariq & Co., Chartered Accountants, as statutory auditors for the ensuing year.
- The 23rd Annual General Meeting of the company is scheduled to be held on Monday, October 26, 2026, at 3:00 p.m. at Dewan Cement Limited Factory Site, Karachi.
Dividend and entitlement
- Type
- None
- Notes
- The document is for the transmission of Annual Financial Statements and does not declare any cash dividend, bonus, or rights entitlement.
- #annual report
- #financial results
- #spinning mills
- #loss
- #qualified opinion
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.