KARACHI: Globe Textile Mills Limited has reported a reduced annual loss for the financial year ended June 30, 2025, while announcing that its board has not recommended any cash dividend, bonus shares, or right shares for shareholders. The financial results were approved during the board meeting held on August 5, 2026.
According to the company’s financial statements, Globe Textile Mills posted a net loss after tax of Rs4.024 million for FY2025, an improvement from the Rs4.478 million loss recorded in the previous year. As a result, the company’s loss per share improved to Rs0.25, compared with Rs0.27 a year earlier. The improvement was primarily driven by lower administrative expenses, while the company reported no operating revenue during the year.
The balance sheet shows that total assets stood at Rs50.387 million, largely unchanged from the previous year. Meanwhile, total equity declined to Rs32.282 million from Rs36.306 million, reflecting the impact of the year’s loss and an increase in accumulated losses. Cash and bank balances remained modest at Rs42,000 at the end of the financial year.
On the cash flow front, the company generated a net operating cash inflow of Rs3,000, compared with a net outflow of Rs2,000 in the previous year. The improvement was mainly supported by changes in working capital, particularly accrued liabilities and other payables.
The board has recommended no cash dividend, bonus shares, right shares, or any other corporate action for FY2025. Globe Textile Mills also announced that its Annual General Meeting (AGM) will be held on September 2, 2026, in Karachi, where shareholders will consider the approved financial statements and other agenda items.
Despite another year of losses, the reduction in net loss suggests gradual financial stabilization. However, the absence of operating revenue highlights the challenges the company continues to face in reviving its core business operations.
