Globe Textile Mills Limited Reports Financial Results for the Quarter Ended September 30, 2025

Globe Textile Mills Limited has announced its financial results for the first quarter ended September 30, 2025, reporting a net loss of Rs. 290,000 compared with a net loss of Rs. 205,000 in the corresponding period last year.

According to the company’s financial statements submitted to the Pakistan Stock Exchange (PSX), the company recorded no revenue during the quarter. Fixed overheads amounted to Rs. 290,000, resulting in an operating loss of the same amount. The company also reported no finance costs or taxation for the period.

Financial Performance

The company’s quarterly results indicate a challenging operating position. The net loss increased from Rs. 205,000 in the first quarter of the previous year to Rs. 290,000 in the quarter ended September 2025. This represents an increase of Rs. 85,000 in the reported quarterly loss.

The company’s earnings per share remained negative at approximately Rs. 0.00 per share, as presented in the financial statements.

Financial Position Remains Unchanged

As of September 30, 2025, Globe Textile Mills Limited reported total assets of Rs. 50.387 million. These primarily consisted of Rs. 50.345 million due from related parties and cash and bank balances of Rs. 42,000.

The company’s issued, subscribed and paid-up capital stood at Rs. 163.664 million, while accumulated losses reached Rs. 131.672 million. Consequently, total equity amounted to Rs. 31.992 million. Trade and other payables were reported at Rs. 18.395 million.

The balance sheet figures remained unchanged in total assets compared with June 30, 2025, although trade and other payables increased during the period.

Cash Flow and Dividend Announcement

The company’s cash flow statement showed net cash used in operating activities of Rs. 290,000 during the quarter. Cash and cash equivalents at the end of the period stood at Rs. 42,000, compared with Rs. 39,000 at the end of the corresponding quarter last year.

The board of directors, in its meeting held on October 16, 2026, recommended no cash dividend, bonus shares or right shares. No other entitlement or corporate action was announced.

Outlook

The latest results highlight the importance of improving operational activity and managing fixed overheads. With no revenue recorded during the reported quarter, the company’s future financial performance will depend on its ability to resume or expand income-generating activities and manage its expenses.