Ghazi Fabrics International Posts Rs372.7 Million Half-Year Loss in Revised FY2026 Results

Karachi: Ghazi Fabrics International Limited has announced its revised unaudited financial results for the half-year ended December 31, 2025, reporting a net loss of Rs372.69 million, compared with a loss of Rs216.94 million in the corresponding period last year, reflecting a significant deterioration in its financial performance.

According to the company’s filing, net sales dropped sharply to Rs1.07 million during the six-month period, down from Rs566.06 million a year earlier. Meanwhile, the cost of sales stood at Rs136.25 million, resulting in a gross loss of Rs135.18 million.

The company also recorded higher operating expenses, including administrative and other operating costs, leading to an operating loss of Rs372.92 million, compared with an operating loss of Rs212.75 million in the same period last year. Other income of Rs2.90 million provided only limited support to earnings.

Finance costs remained relatively low at Rs568,641, while the company booked a tax credit of Rs2.09 million. Despite the tax benefit, Ghazi Fabrics ended the period with a loss after tax of Rs372.69 million, translating into a loss per share (LPS) of Rs11.42, compared with an LPS of Rs6.65 in the corresponding period of the previous year.

For the quarter ended December 31, 2025, the company posted a net loss of Rs302.07 million, compared with Rs97.82 million in the same quarter last year, while the quarterly loss per share increased to Rs9.26 from Rs3.00.

On the balance sheet, total assets declined to Rs4.23 billion as of December 31, 2025, from Rs4.65 billion at the end of June 2025. Cash and bank balances improved to Rs179.05 million, while accumulated losses widened to Rs2.72 billion, reducing shareholders’ equity to approximately Rs4.16 billion.

The Board of Directors, in its meeting held on April 30, 2026, did not recommend any cash dividend, bonus shares, or right shares for shareholders. The company stated that the revised financial results would be followed by the transmission of its quarterly report through the relevant regulatory channels.