Kohinoor Mills Posts Rs5.5 Million Profit After Tax for FY2026

Kohinoor Mills Limited has released its audited financial results for the year ended June 30, 2026, showing a significant decline in profitability compared with the previous year. The company reported a profit after taxation of Rs5.52 million, down substantially from Rs233.51 million recorded in FY2025. The financial statements and results were submitted to the Pakistan Stock Exchange.

According to the company’s statement of profit or loss, revenue during FY2026 stood at Rs25.60 billion, compared with Rs27.14 billion in the previous year. The decline in revenue was accompanied by lower gross profit, which fell to Rs3.49 billion from Rs3.61 billion.

Profitability Comes Under Pressure

Kohinoor Mills’ profit from operations decreased to Rs1.26 billion in FY2026 from Rs1.57 billion a year earlier. Finance costs remained substantial at Rs1.11 billion, although they were lower than the Rs1.18 billion recorded in FY2025.

After accounting for finance costs, the company reported profit before taxation and levy of Rs150.20 million. A levy of Rs324.88 million resulted in a loss before taxation of Rs174.68 million. Taxation income of Rs180.20 million subsequently brought the company to a profit after tax of Rs5.52 million.

Earnings per share also declined considerably, falling to Rs0.01 in FY2026 from Rs0.46 in FY2025.

Comprehensive Income Remains Positive

Despite the sharp reduction in reported profit, the company recorded other comprehensive income of Rs150.09 million during the year. This included changes related to the fair-value adjustment of investments and deferred taxation associated with the revaluation of operating fixed assets.

As a result, total comprehensive income for FY2026 amounted to Rs155.61 million, compared with Rs320.39 million in FY2025.

Equity Base Strengthens

The statement of financial position shows that Kohinoor Mills’ total equity increased to approximately Rs10.43 billion as of June 30, 2026, compared with Rs10.27 billion a year earlier.

The company’s total assets also increased, reaching approximately Rs29.14 billion compared with Rs26.48 billion at the end of FY2025. At the same time, total liabilities increased to around Rs18.71 billion from Rs16.21 billion.

Cash Position Improves

One of the notable developments in the FY2026 results was the improvement in the company’s year-end cash position. Cash and cash equivalents increased to approximately Rs1.01 billion at June 30, 2026, compared with Rs815.73 million at the end of FY2025.

Net cash generated from operating activities was Rs114.63 million during the year, compared with a net operating cash outflow of Rs34.34 million in FY2025. The company also generated Rs1.85 billion in net cash from financing activities, while investing activities used approximately Rs1.77 billion.

The cash-flow statement also shows capital expenditure of approximately Rs2.03 billion on property, plant and equipment during FY2026, indicating continued investment in the company’s asset base.

No Dividend Declared

For the year ended June 30, 2026, the board recommended no cash dividend. The company also reported no bonus shares, right shares or other entitlement in its notice to the Pakistan Stock Exchange.

Annual General Meeting Scheduled

Kohinoor Mills has scheduled its 39th Annual General Meeting for October 28, 2026, at 2:45 p.m. at its registered office at 8 Kilometer Manga Raiwind Road, District Kasur.

According to the company’s notice, the share transfer books will remain closed from October 22 to October 28, 2026. The annual report and AGM notice are to be transmitted through PUCARS at least 21 days before the meeting.

Outlook

Kohinoor Mills’ FY2026 results present a mixed financial picture. Revenue and operating profitability declined, while profit after tax fell sharply compared with the previous year. At the same time, the company ended the financial year with a higher equity base, increased total assets and a stronger cash balance.

The financial statements therefore highlight both the pressure on earnings and the company’s continued investment and financing activity. Investors and shareholders will have an opportunity to discuss the results and the company’s affairs at the upcoming annual general meeting.