KARACHI: Khyber Textile Mills Limited has reported a reduction in its net loss for the nine months ended March 31, 2026, as the company continued to rely on its agricultural and rental businesses while its textile operations remained suspended due to ongoing banking disputes.
According to the company’s latest financial statements, Khyber Textile Mills posted a net loss of Rs8.71 million during the first nine months of FY2026, compared with a loss of Rs10.20 million in the corresponding period last year. The loss per share also improved to Rs7.09, down from Rs8.31 a year earlier.
The company generated Rs530,000 in sales during the period, while rental income remained its primary revenue source, contributing Rs5.90 million. It also earned Rs225,750 from agricultural activities as it continued to expand its alternative business model.
In its directors’ report, the company stated that management has repurposed a significant portion of its vacant land for livestock farming, including cattle rearing and the cultivation of fodder to reduce operating costs. It has also continued leasing unused buildings and warehouses to generate recurring income, helping sustain operations despite the prolonged closure of textile production.
Management noted that the company’s biggest challenge remains its inability to resume textile manufacturing because of ongoing litigation with banks over disputed liabilities. The legal proceedings have restricted access to credit facilities, preventing the company from undertaking balancing, modernization and replacement (BMR) of its plant and securing the working capital needed to restart production.
The company said it continues to contest the banking cases in court while maintaining its status as an active taxpayer and investing in its current agricultural and rental operations. The board reiterated its commitment to managing available resources prudently and protecting shareholders’ interests until the legal matters are resolved.
As of March 31, 2026, Khyber Textile Mills reported total assets of approximately Rs1.29 billion, while cash and bank balances stood at Rs523,134, reflecting continued pressure on liquidity amid ongoing operational challenges.
