Yousaf Weaving Mills Reports Rs10.69 Million Loss for September 2026 Quarter
Yousaf Weaving Mills Limited (YOUW) has reported a net loss of Rs10.69 million for the quarter ended September 30, 2026, compared with a net loss of Rs9.30 million in the corresponding quarter of the previous year, reflecting continued pressure on the company’s financial performance.
According to the company’s financial statements submitted to the Pakistan Stock Exchange (PSX), net sales declined to Rs120.34 million during the quarter, compared with Rs170.30 million in the same period last year. This represents a decline of approximately 29.3%, highlighting the challenges faced by the textile manufacturer in maintaining its revenue base.
The company’s cost of sales stood at Rs117.78 million, resulting in a gross profit of Rs2.56 million, down from Rs3.61 million in the corresponding quarter of the previous year.
Operating expenses also remained a significant burden on the company’s earnings. Distribution costs amounted to Rs1.41 million, while administrative expenses reached Rs10.22 million. Consequently, the company recorded an operating loss of Rs9.07 million, compared with an operating loss of Rs6.63 million in the same quarter last year.
Finance costs increased to Rs110,530 from Rs54,688, taking the loss before taxation to Rs10.69 million. After accounting for levies of Rs1.50 million, the company reported a net loss of Rs10.69 million for the quarter. Loss per share stood at Rs0.06, compared with Rs0.07 in the corresponding period last year.
Cash Flow and Financial Position
The company’s cash flow statement showed net cash used in operating activities of Rs79.31 million during the quarter. Meanwhile, net cash used in investing activities amounted to Rs398,865.
Financing activities generated net cash of Rs80.94 million, primarily supported by long-term financing. As a result, cash and cash equivalents increased to Rs5.39 million at September 30, 2026, compared with Rs4.16 million at the beginning of the period.
According to the statement of financial position, the company’s total assets stood at approximately Rs1.46 billion, while total liabilities and equity were also reported at approximately Rs1.46 billion.
No Dividend Announced
The company’s Board of Directors, in its meeting held on October 30, 2026, did not recommend any cash dividend, bonus shares, right shares or other corporate action for the period ended September 30, 2026.
The financial results are unaudited interim statements and were submitted to the Pakistan Stock Exchange in accordance with applicable reporting requirements.
Overall, the latest results indicate that Yousaf Weaving Mills continues to face revenue and profitability pressures. The company’s ability to improve sales, manage operating expenses and strengthen cash flows will remain important factors in determining its financial performance in the coming quarters.
