Allawasaya Textile & Finishing Mills Limited has reported a net loss of Rs42.58 million for the financial year ended June 30, 2026, despite recording higher revenue during the year. The company disclosed its annual financial results to the Pakistan Stock Exchange following a Board meeting held on September 30, 2026.
According to the financial statements, revenue from contracts with customers increased to Rs4.87 billion in FY2026 from Rs4.35 billion in FY2025. However, the company’s cost of goods sold also remained substantial at approximately Rs4.76 billion, leaving gross profit at Rs111.45 million, compared with Rs153.58 million in the previous year.
The company reported other income of Rs152.55 million, up from Rs107.15 million a year earlier. At the same time, distribution and marketing expenses rose to Rs36.73 million, while administrative expenses stood at Rs124.51 million. Finance costs amounted to Rs90.40 million during the year. These expenses contributed to a loss before revenue tax and income tax of Rs4.99 million.
After accounting for revenue tax of Rs31.94 million and income tax of Rs5.65 million, the company posted a loss of Rs42.58 million, compared with a loss of Rs69.83 million in FY2025. Loss per share improved to Rs53.22 from Rs87.29 in the preceding year.
The company’s total assets stood at Rs3.46 billion as of June 30, 2026, compared with Rs3.59 billion a year earlier. Non-current assets were reported at Rs2.15 billion, while current assets amounted to Rs1.31 billion. Cash and bank balances increased to Rs12.03 million from Rs7.68 million.
The statement of comprehensive income showed a total comprehensive loss of Rs38.95 million for FY2026, compared with Rs32.49 million in FY2025. The company also reported changes in its equity structure during the year, including a Rs40 million loan from directors, with the balance of the loan from directors reaching Rs232.5 million at June 30, 2026.
Cash flow figures showed that the company generated Rs396.10 million in net cash from operations before tax and other payments. After income tax, gratuity payments and finance costs, net cash used in operating activities amounted to Rs202.08 million. Investing activities used Rs63.59 million, while financing activities used Rs62.47 million.
For shareholders, the company announced no cash dividend, bonus shares or right shares for the year. The Annual General Meeting is scheduled for October 28, 2026, at 11:30 a.m. at the company’s registered office in Multan. The share transfer book will remain closed from October 22 to October 28, 2026.
Overall, Allawasaya’s FY2026 results show a mixed financial picture: revenue expanded significantly, while the reported net loss narrowed compared with the previous year. However, higher operating and financing costs, along with tax charges, continued to weigh on the company’s bottom line.
