ASHT · Ashfaq Textile Mills Limited
Transmission of Annual Financial Statements for the Year Ended June 30, 2026
- Filed
- 5 October 2026 at 3:19 pm
- Category
- Financials
- Sentiment
- Bad
- Impact
- High
AI executive summary
Ashfaq Textile Mills Limited reported its annual financial results for the year ended June 30, 2026, showing a net loss after tax of PKR 16.90 million compared to a net profit of PKR 5.99 million in the previous year. Sales increased slightly to PKR 459.42 million, but gross profit dropped significantly due to adverse geopolitical conditions, tariff wars, and cheaper imported fabrics. The board decided to omit dividend and bonus payments for the year and temporarily closed 85 out of 243 installed looms to reduce production capacity.
Key takeaways
- Sales rose 1.15% YoY to PKR 459.42 million for the year ended June 30, 2026.
- Gross profit declined 53.44% YoY to PKR 19.85 million.
- The company recorded a net loss after tax of PKR 16.90 million compared to a net profit of PKR 5.99 million in FY2025.
- Basic earnings per share (EPS) worsened to a loss of PKR 0.36 from an EPS of PKR 0.13 previously.
- The board of directors did not recommend any dividend or bonus shares for the year.
- The company temporarily closed 85 out of 243 installed looms to cut down production capacity amid difficult market conditions.
Filing details
Financial results
Annual · Audited · Standalone · 30 June 2026
Figures in PKR
Reporting period
Year
- Income
- 459,419,896 (prior 454,188,824)
- Profit after tax
- -16,901,939 (prior 5,994,049)
- EPS
- -0.36 (prior 0.13)
- The management decided to reduce production capacity by temporarily closing 85 out of total installed 243 looms due to tough market conditions.
- The board did not recommend any payment of dividends or bonus shares for the year ended June 30, 2026.
- Contributed Rs. 1,200,000 to Faisalabad Liver Foundation Trust for community support.
- Recommended the re-appointment of retiring auditors M/s Awais Hyder Liaquat Nauman, Chartered Accountants.
Dividend and entitlement
- Type
- None
- Notes
- No dividend, bonus, or rights entitlement declared in the transmission of annual financial statements.
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- #annual-report
- #textiles
- #loss
- #asht
This summary is AI-generated and may contain errors or omissions. Review the official PSX filing before making an investment decision.