Karachi: Olympia Mills Limited has reported a solid improvement in profitability for the nine-month period ended March 31, 2026, supported by stronger operating performance and higher quarterly earnings. The company’s board approved the unaudited financial results in its meeting held on April 27, 2026, while announcing that no cash dividend, bonus shares, or right shares would be issued for the period.
According to the financial statements, Olympia Mills posted a net profit after tax of Rs23.13 million during the first nine months of FY2026, compared with Rs21.33 million in the corresponding period last year, reflecting an increase of approximately 8.4%. Earnings per share (EPS) improved to Rs1.93, up from Rs1.78 a year earlier.
The company’s net sales for the nine-month period stood at Rs169.05 million, while gross profit increased to Rs58.11 million from Rs49.74 million in the same period last year. Operating profit also strengthened to Rs42.17 million, compared with Rs34.88 million in the previous corresponding period, indicating improved operational efficiency.
For the third quarter alone, Olympia Mills recorded a net profit of Rs8.21 million, marking a 27.8% increase from Rs6.43 million reported in the same quarter of FY2025. Quarterly EPS rose to Rs0.68, compared with Rs0.54 in the corresponding quarter last year, reflecting stronger earnings momentum.
The company’s financial position also showed improvement during the period. Total equity increased to Rs310.04 million as of March 31, 2026, from Rs269.27 million at the end of June 2025, while total assets stood at Rs708.91 million, broadly in line with the previous fiscal year-end.
Olympia Mills generated Rs27.68 million in net cash from operating activities during the nine-month period, highlighting healthy cash generation despite higher working capital requirements. However, the company did not recommend any dividend or bonus issue, opting to retain earnings to support future operations and growth.
The latest results underscore Olympia Mills’ ability to enhance profitability through improved operating performance, positioning the textile manufacturer on a stronger financial footing as it moves into the final quarter of the fiscal year.
