KARACHI: AN Textile Mills Limited has reported a wider loss for the nine months ended March 31, 2026, reflecting persistent pressure on profitability despite higher sales during the period. The company also announced that its Board of Directors has not recommended any cash dividend, bonus shares, or right shares for shareholders.
According to the company’s condensed interim financial statements, net sales increased to Rs3.525 billion during the nine-month period, compared with Rs3.341 billion recorded in the corresponding period last year. However, the improvement in revenue was not enough to offset rising production and operating costs.
Gross profit declined sharply to Rs15.1 million, down from Rs89.8 million a year earlier. Higher administrative expenses, distribution costs, finance costs, and levies continued to weigh on the company’s earnings, resulting in a loss before taxation of Rs135.7 million.
After accounting for taxation, AN Textile Mills posted a net loss of Rs101.2 million, significantly higher than the Rs44.0 million loss reported in the same period last year. Consequently, the company’s loss per share widened to Rs10.47, compared with Rs4.55 in the corresponding period of 2025.
For the third quarter alone, the company recorded sales of Rs1.118 billion but reported a net loss of Rs34.2 million, highlighting the continued challenges facing the textile sector amid elevated financing costs and compressed profit margins.
The balance sheet shows total assets standing at approximately Rs2.28 billion as of March 31, 2026, while total equity improved to Rs859.8 million, supported by an increase in directors’ loans during the period. Cash and cash equivalents at the end of the reporting period stood at Rs12.0 million.
In its notification to the Pakistan Stock Exchange, the company confirmed that the Board did not recommend any cash dividend, bonus issue, or right issue alongside the announcement of its third-quarter financial results.
