Fateh Sports Wear Limited has reported a net loss of Rs12.25 million for the nine-month period ended March 31, 2026, compared with a loss of Rs2.43 million recorded during the corresponding period last year. The decline in earnings was primarily driven by significant exchange rate losses and ongoing administrative expenses, according to the company’s latest unaudited financial statements.
The company did not record any sales during the reporting period, leaving revenue and gross profit at zero. Administrative expenses stood at Rs3.06 million, while an exchange loss of Rs9.10 million significantly widened the operating deficit. As a result, loss per share increased to Rs6.12, compared with Rs1.22 in the same period of the previous year.
On the balance sheet, shareholders’ equity declined to Rs561.39 million from Rs573.63 million at the beginning of the financial year due to accumulated losses. Unappropriated profit decreased to Rs487.89 million, reflecting the period’s loss.
The company’s total assets stood at Rs600.16 million, with trade receivables of Rs558.10 million accounting for the majority of current assets. Cash and bank balances remained modest at Rs118,155, while property, plant and equipment were valued at Rs9.91 million.
During the period, operating activities generated positive cash flows mainly due to changes in working capital, while directors provided additional financial support through loans amounting to Rs2.83 million. Cash and cash equivalents increased slightly to Rs118,155 at the end of March 2026.
The financial results indicate that Fateh Sports Wear continues to face operational challenges, with the absence of revenue generation and the adverse impact of exchange rate movements weighing heavily on profitability. Going forward, improving business activity and strengthening core operations will be crucial for the company to stabilize its financial performance.
