Sally Textile Mills Limited has reported a marginal improvement in its financial performance for the nine months ended March 31, 2026, reducing its net loss compared to the same period last year, according to the company’s latest unaudited financial results.
The company posted a net loss after tax of PKR 25.084 million for the nine-month period, compared with a loss of PKR 25.878 million recorded during the corresponding period of FY2025. The improvement, though modest, reflects a slight reduction in overall losses amid continued operational challenges.
For the third quarter alone, Sally Textile Mills reported a loss after tax of PKR 8.249 million, improving from PKR 8.622 million in the same quarter of the previous year. Earnings per share (EPS) also improved slightly to negative PKR 2.86 for the nine-month period, compared with negative PKR 2.95 a year earlier. Quarterly EPS stood at negative PKR 0.94, versus negative PKR 0.98 in the corresponding quarter of FY2025.
The company did not record any net turnover during the reporting period. Cost of sales amounted to PKR 20.792 million, while administrative and general expenses totaled PKR 4.292 million, resulting in an operating loss of PKR 25.084 million. No finance costs, taxation expenses, or other income were reported during the period.
The Board of Directors did not recommend any cash dividend, bonus shares, right shares, or any other entitlement for shareholders. The company also confirmed that there was no other price-sensitive information arising from the board meeting held on April 27, 2026.
The statement of changes in equity shows accumulated losses increasing to PKR 1.668 billion as of March 31, 2026, while total equity remained negative at PKR 514.002 million. During the period, the company’s financing activities included an additional PKR 4.119 million in sponsor loans, helping maintain stable cash balances.
Despite remaining in a loss-making position, Sally Textile Mills managed to slightly reduce its losses compared to the previous year. Investors will be closely watching the company’s future restructuring efforts and operational performance as it seeks to improve its financial position in the coming quarters.
