GFIL · Ghazi Fabrics International Limited
Transmission of Annual Report for the Year Ended 30-06-2026
- Filed
- 5 October 2026 at 11:03 am
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Ghazi Fabrics International Limited announced its annual financial results for the year ended June 30, 2026, reporting a net loss after tax of PKR 604.935 million compared to a loss of PKR 376.845 million in the preceding year, along with a basic loss per share of PKR 18.54. The company's auditors issued an adverse opinion due to going concern uncertainties and cessation of production activities. Additionally, the board proposed special resolutions for the sale of the company's inefficient spinning unit plant and machinery as well as its head office premises to settle director loans and acquire new technology.
Key takeaways
- Net sales for the year ended June 30, 2026, stood at PKR 1.070 million compared to PKR 594.031 million in the previous year.
- Loss after tax widened significantly to PKR 604.935 million compared to PKR 376.845 million in the prior year, driven by higher operating and impairment charges.
- Loss per share increased to PKR 18.54 from PKR 11.55 in the previous financial year.
- The statutory auditors issued an adverse opinion on the financial statements due to cessation of operations and material uncertainties regarding going concern.
- The board of directors proposed special resolutions at the upcoming AGM to sell the company's outdated spinning unit plant and machinery and its head office premises.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in Rupees
Reporting period
Year
- Income
- 1,069,640 (prior 594,031,456)
- Profit after tax
- -604,935,423 (prior -376,844,562)
- EPS
- -18.54 (prior -11.55)
- Proposed special resolution to dispose of and sell all old plant and machinery of the spinning unit due to high energy consumption and lower production capacity.
- Proposed special resolution to dispose of and sell the company's head office land and building located at Gulberg-III, Lahore.
- Proceeds from asset sales to be utilized towards repayment of directors' loans and/or acquisition of new energy-efficient technology.
Dividend and entitlement
- Type
- None
- Notes
- The document announces the transmission of annual financial statements with no declared dividend, bonus, or right entitlement.
- #annual report
- #financial results
- #loss
- #textile
- #gfis
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.