Premium Textile Mills Posts Sharp Profit Increase in FY2026
Premium Textile Mills Limited has reported a significant improvement in its financial performance for the year ended June 30, 2026, with profit after tax rising sharply compared with the previous year.
According to the company’s financial results approved by its Board of Directors on September 7, 2026, Premium Textile Mills recorded a profit after taxation of Rs856.84 million, compared with Rs55.65 million in the same period last year. This represents a substantial year-on-year increase in profitability.
The company’s earnings per share (EPS) also climbed considerably, reaching Rs139.03 per share in FY2026, compared with Rs9.03 per share in FY2025.
Gross Profit Improves Despite Lower Sales
Premium Textile Mills posted net sales of Rs24.85 billion during FY2026, down from Rs29.01 billion in the previous year. Despite the decline in revenue, the company managed to improve its gross profit to Rs4.16 billion, compared with Rs3.88 billion a year earlier.
The financial statements indicate that cost management and lower finance costs played an important role in strengthening the company’s bottom line. Finance costs declined to approximately Rs1.81 billion, compared with Rs2.44 billion in FY2025.
Profit before taxation stood at Rs1.36 billion, compared with Rs274.96 million in the previous year, highlighting the considerable improvement in overall financial performance.
Board Recommends Rs15 Per Share Dividend
Alongside the financial results, the Board recommended a cash dividend of 150%, equivalent to Rs15 per share, for shareholders. No bonus shares or right shares were recommended.
The dividend recommendation is likely to attract attention from shareholders, particularly given the company’s substantial improvement in earnings during the year.
AGM Scheduled for October 28
The company has also announced that its Annual General Meeting (AGM) will be held on October 28, 2026, at 3:00 PM at its registered office in Karachi.
Premium Textile Mills said its share transfer books will remain closed from October 21 to October 28, 2026, covering the period relevant to the dividend entitlement.
Stronger Equity Position
The company’s financial position also showed improvement. Total equity increased to approximately Rs8.04 billion as of June 30, 2026, compared with Rs7.16 billion at the end of June 2025.
Unappropriated profits rose to approximately Rs7.15 billion, compared with Rs6.18 billion a year earlier.
Cash Flow Remains an Important Focus
The cash flow statement shows that Premium Textile Mills generated approximately Rs2.70 billion in net cash from operating activities during FY2026. However, significant funds were invested in property, plant and equipment, resulting in net cash used in investing activities of around Rs3.03 billion.
Overall, Premium Textile Mills closed FY2026 with a much stronger profit position despite lower sales. The sharp rise in earnings, reduction in finance costs, stronger equity base and proposed Rs15-per-share dividend mark a notable improvement in the company’s financial performance.
