KARACHI: Ghazi Fabrics International Limited (PSX: GFIL) reported a net loss of Rs444.36 million for the nine months ended March 31, 2026, compared with a loss of Rs279.88 million in the corresponding period last year, reflecting continued operational challenges and a sharp decline in sales.
According to the company’s unaudited financial results, net sales dropped significantly to Rs1.07 million during the nine-month period, compared with Rs572.60 million recorded in the same period of the previous year. The steep fall in revenue resulted in a gross loss of Rs187.73 million, versus a gross loss of Rs216.23 million a year earlier.
The company posted an operating loss of Rs444.84 million, widening from Rs275.05 million in the corresponding period of FY2025. Although Ghazi Fabrics generated other income of Rs3.15 million, it was insufficient to offset operating losses. Finance costs also declined to Rs575,462, compared with Rs1.74 million in the previous year.
After accounting for taxation, the company recorded a loss after tax of Rs444.36 million, translating into a loss per share (LPS) of Rs13.62, compared with an LPS of Rs8.58 in the same period last year.
For the quarter ended March 31, 2026, Ghazi Fabrics reported a net loss of Rs71.67 million, compared with a quarterly loss of Rs62.95 million in the corresponding quarter of FY2025.
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 latest financial results underscore the persistent challenges facing Ghazi Fabrics as the company continues to grapple with weak revenues and sustained operational losses amid a difficult business environment.
