Globe Textile Mills Reports Reduced Loss of Rs. 1.84 Million for Half-Year Ended December 2025
Globe Textile Mills Limited has reported a net loss of Rs. 1.843 million for the half-year ended December 31, 2025, reflecting an improvement compared with the loss recorded during the corresponding period.
According to the company’s financial statements submitted to the Pakistan Stock Exchange (PSX) on November 11, 2026, the company posted a loss of Rs. 1.843 million during the six-month period, compared with a loss of Rs. 4.024 million for the period ended June 30, 2025.
The company’s loss per share also improved to Rs. 0.11, against Rs. 0.25 reported in the previous financial period.
Administrative Expenses Decline
Globe Textile Mills reported administrative expenses of Rs. 1.843 million for the half-year ended December 2025, compared with Rs. 4.024 million in the previous reported period. The financial statements showed no revenue or cost of sales during the reporting period.
The company recorded no taxation expense, while its total comprehensive loss stood at Rs. 1.843 million.
Financial Position Remains Stable
The company’s total assets stood at Rs. 50.387 million as of December 31, 2025, unchanged from June 30, 2025. These assets included Rs. 50.345 million due from related parties and cash and bank balances of Rs. 42,000.
Total equity declined to Rs. 30.439 million from Rs. 32.282 million, primarily reflecting the accumulated loss. Meanwhile, current liabilities increased to Rs. 19.948 million from Rs. 18.105 million.
The company’s issued, subscribed and paid-up capital remained unchanged at Rs. 163.664 million.
No Dividend Announced
The Board of Directors, in its meeting held on November 11, 2026, did not recommend any cash dividend, bonus shares or right shares. No other entitlement or corporate action was announced.
The company’s cash flow statement showed that cash and cash equivalents remained at Rs. 42,000 at the end of the reporting period.
Globe Textile Mills stated that its half-yearly report for the period ended December 31, 2025, would be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) separately.
The latest financial results indicate a reduction in the company’s reported losses, although the absence of reported revenue remains an important factor for investors monitoring its financial position and future performance.
