Mubarak Textile Mills Limited (PSX: MUBT) reported a pre-tax loss for the nine months ended March 31, 2026, as the company continued to face challenging operating conditions and remained dependent on rental income instead of its core textile business.
According to the company’s latest financial results, Mubarak Textile Mills posted a pre-tax loss of Rs49,254 during the nine-month period, compared with a pre-tax profit of Rs759,268 recorded in the corresponding period last year. After accounting for taxation, the company reported a net loss of Rs1.17 million, versus a net loss of Rs905,916 in the same period of FY25. Earnings per share (EPS) stood at negative Rs0.22, compared with negative Rs0.17 a year earlier.
The company generated no processing receipts or sales during the period, reflecting the continued suspension of its manufacturing operations. Administrative and general expenses amounted to Rs7.53 million, while other income of Rs7.49 million, primarily from rental operations, partially offset operating losses.
In its directors’ review, the management stated that unfavorable business conditions and a tight liquidity position prevented the company from engaging in any commercial activities during the period. As a result, the company continued to rely on rental income generated from its leased factory premises.
Looking ahead, the management revealed plans to revive operations by entering the knitted fabric trading business and undertaking the manufacturing of knitted garments on a conversion basis. The company expressed hope that these initiatives would help restore business activity and improve financial performance in the future.
As of March 31, 2026, Mubarak Textile Mills reported total assets of Rs271.74 million, compared with Rs275.15 million at the end of June 2025. Shareholders’ equity stood at Rs218.38 million, while cash and bank balances declined to Rs747,194 from Rs1.20 million at the beginning of the financial year.
Despite the ongoing operational challenges, the company indicated that management remains focused on restarting business activities through its proposed expansion into knitted fabrics and garment manufacturing, aiming to improve long-term sustainability and shareholder value.
