KARACHI: Al-Abid Silk Mills Limited has reported a reduced net loss for the nine months ended March 31, 2026, reflecting an improvement in its financial performance despite ongoing operational challenges and the absence of sales revenue during the period.
According to the company’s unaudited financial results, Al-Abid Silk Mills posted a net loss after tax of Rs105.23 million, compared with a loss of Rs115.07 million recorded during the corresponding period last year. The company’s loss per share (LPS) also improved to Rs7.85, from Rs8.58 in the same period of the previous year.
The company reported no sales during the nine-month period, while the cost of sales stood at Rs103.14 million, resulting in a gross loss of the same amount. Administrative expenses were significantly reduced to Rs35.33 million, compared with Rs52.83 million a year earlier, helping contain overall losses.
A notable contributor to the improved results was other income, which increased to Rs33.64 million from Rs27.27 million in the corresponding period last year. Despite this, the company recorded an operating loss of Rs104.83 million, while finance costs remained at Rs13.3 million.
For the quarter ended March 31, 2026, Al-Abid Silk Mills reported a net loss of Rs29.46 million, an improvement from the Rs36.06 million loss recorded in the same quarter of the previous year. Quarterly loss per share also improved to Rs2.20, compared with Rs2.69 a year earlier.
The company’s financial position showed total assets of approximately Rs2.83 billion as of March 31, 2026, while shareholders’ equity stood at Rs487.30 million. Cash and bank balances declined to Rs18.60 million, compared with Rs50.47 million at the beginning of the financial year, reflecting continued pressure on liquidity.
Although Al-Abid Silk Mills remains in a loss-making position, the reduction in administrative expenses and improved other income helped narrow losses during the reporting period. The company’s future performance will largely depend on its ability to restore business operations, improve revenue generation, and strengthen cash flows.
