Crescent Cotton Mills Reports Rs55.3 Million Profit for FY2026
Crescent Cotton Mills Limited has reported a profit after taxation of Rs55.27 million for the financial year ended June 30, 2026, compared with Rs60.71 million recorded in the previous year. The company disclosed its annual financial results to the Pakistan Stock Exchange on September 30, 2026. 283863
The company’s revenue remained broadly stable during the year, rising slightly to Rs5.578 billion from Rs5.574 billion in FY2025. However, gross profit declined to Rs396.63 million, compared with Rs431.92 million a year earlier. 283863
Despite pressure at the gross-profit level, Crescent Cotton Mills recorded a significant improvement in its continuing operations. Profit from continuing operations increased to Rs217.89 million, compared with Rs161.98 million in the previous year. After finance costs, levy and taxation, profit after tax from continuing operations stood at Rs55.27 million, compared with only Rs6.49 million in FY2025. 283863
The overall year-on-year decline in consolidated profit after tax was largely influenced by the absence of the Rs54.22 million profit from discontinued operations that had been recorded in FY2025. As a result, basic and diluted earnings per share decreased to Rs2.44 from Rs2.68. 283863
No Dividend Announced
For shareholders, the company announced no cash dividend, bonus shares or right shares for the year. It also reported no other entitlement, corporate action or price-sensitive information in its notification to the PSX. 283863
The company’s financial position remained substantial, with total assets of approximately Rs8.31 billion at June 30, 2026, compared with Rs8.41 billion a year earlier. Total equity increased to around Rs6.55 billion from Rs6.27 billion. 283863
The statement of changes in equity also shows that total comprehensive income for the year amounted to approximately Rs283.76 million, supported by other comprehensive income of Rs210.94 million in addition to the year’s profit. 283863
Annual General Meeting Set for October 28
Crescent Cotton Mills has scheduled its Annual General Meeting for Wednesday, October 28, 2026, at 9:30 a.m. at the company’s registered office on New Lahore Road, Nishatabad, Faisalabad.
The share transfer books will remain closed from October 21 to October 28, 2026, both days inclusive. Transfers received by the share registrar by the close of business on October 20 will be considered eligible for attending the AGM. 283863
Overall, Crescent Cotton Mills’ FY2026 results present a mixed picture: revenue was largely unchanged and total annual profit declined because of the absence of last year’s discontinued-operation income, but the company’s core continuing operations showed a notable improvement in profitability.
