Gul Ahmed Textile Mills Posts Loss in FY2026, Board Recommends No Dividend
Karachi, September 26, 2026: Gul Ahmed Textile Mills Limited has reported a challenging financial year ended June 30, 2026, with the company moving from a profit in the previous year to a loss at both consolidated and unconsolidated levels.
According to the financial results submitted to the Pakistan Stock Exchange, the company’s consolidated loss for FY2026 stood at approximately Rs338.5 million, compared with a profit of Rs4.45 billion in FY2025. The consolidated earnings per share also declined to a loss of Rs0.45 per share, compared with earnings of Rs6.01 per share in the previous year.
Continuing operations remain profitable
Despite the overall loss, Gul Ahmed’s consolidated financial statements show that profit from continuing operations was approximately Rs611.8 million, compared with Rs5.62 billion a year earlier. The results also include a loss from discontinued operations of approximately Rs950.4 million, after accounting for levies, which contributed significantly to the overall loss for the year.
The company’s consolidated balance sheet also reflected changes in its financial position. Total assets stood at approximately Rs156.2 billion at June 30, 2026, compared with Rs173.1 billion a year earlier. Total current assets declined to around Rs90.6 billion from Rs111.6 billion.
Unconsolidated results also turn negative
At the standalone level, Gul Ahmed Textile Mills reported a loss of approximately Rs922.6 million for FY2026, compared with a profit of about Rs4.02 billion in FY2025. Earnings per share from continuing and discontinued operations resulted in a combined loss per share of approximately Rs1.24, against earnings of Rs5.43 per share in the previous year.
The company’s standalone total assets were approximately Rs133.45 billion at the end of FY2026, compared with Rs151.09 billion in FY2025. Current assets also declined from approximately Rs96.39 billion to Rs74.85 billion during the period.
Cash flow and financing position
The cash-flow statements indicate that the company continued to generate cash from operating activities, while investing activities involved significant expenditure, including payments for property, plant and equipment. Financing activities also included proceeds and repayments related to long-term financing and other borrowings.
No dividend or bonus shares recommended
In its notice to the Pakistan Stock Exchange, Gul Ahmed Textile Mills stated that the Board of Directors had recommended no cash dividend, no bonus shares and no right shares for the year ended June 30, 2026. The company also reported no other entitlement or price-sensitive corporate action in the notice.
The company’s Annual General Meeting is scheduled for October 27, 2026, at 10:30 a.m. at Indus Suites, Avari Towers, Fatima Jinnah Road, Karachi. The share transfer books are scheduled to remain closed from October 19 to October 27, 2026, inclusive, for purposes related to the AGM.
Outlook
Gul Ahmed’s FY2026 results highlight a significant deterioration in reported profitability compared with the previous year. While continuing operations remained profitable, losses associated with discontinued operations and other financial pressures resulted in an overall annual loss.
The results will be closely watched by shareholders and market participants as the company moves into the new financial year, particularly in light of the decline in earnings per share and the Board’s decision not to recommend a dividend for FY2026.
