Blessed Textiles Limited delivered a significant improvement in its financial performance for the year ended June 30, 2026, moving from a loss in the previous year to a substantial profit after tax, according to its financial statements.
The company reported revenue of Rs31.68 billion during FY2026, compared with Rs30.43 billion in FY2025. Cost of sales increased to approximately Rs29.36 billion, resulting in a gross profit of Rs2.32 billion, up from Rs2.19 billion a year earlier.
A notable improvement was recorded at the operating level. Blessed Textiles posted an operating profit of Rs1.62 billion, compared with Rs1.52 billion in the previous financial year. Finance costs, however, remained substantial at around Rs1.16 billion.
The strongest change came below the operating line. The company recorded profit before income taxes of Rs505.8 million, compared with a loss before tax of approximately Rs96.9 million in FY2025. After accounting for income tax, profit after tax stood at Rs407.75 million, reversing the previous year’s loss of Rs96.88 million. Basic earnings per share also improved sharply, rising to Rs63.39 from a loss per share of Rs15.06.
The company’s comprehensive income also turned positive. Total comprehensive income for FY2026 was approximately Rs406.60 million, compared with a comprehensive loss of around Rs122.13 million in FY2025.
Stronger Financial Position
Blessed Textiles’ total assets stood at approximately Rs22.90 billion at June 30, 2026, compared with Rs25.27 billion a year earlier. Current assets were reported at about Rs15.24 billion, while non-current assets stood at approximately Rs7.66 billion.
Total equity increased to approximately Rs8.37 billion, compared with Rs7.96 billion at the end of FY2025. Retained earnings rose to around Rs1.20 billion from Rs793.45 million, reflecting the year’s return to profitability.
Cash Flow Improvement
Cash generation also showed a major improvement. The company generated approximately Rs2.59 billion in net cash from operating activities, compared with a net operating cash outflow of about Rs1.18 billion in FY2025.
Blessed Textiles used around Rs470.7 million for investing activities, primarily associated with property, plant and equipment. Financing activities resulted in a net cash outflow of approximately Rs1.98 billion.
After accounting for these movements and exchange-rate effects, cash and cash equivalents increased to approximately Rs988.5 million at the end of FY2026, compared with Rs847.6 million at the end of the previous financial year.
Overall, the FY2026 financial statements show a substantial turnaround for Blessed Textiles, with higher revenue, improved operating performance, a return to profitability and stronger operating cash generation compared with FY2025.
