KARACHI: Yousaf Weaving Mills Limited reported a net loss of Rs26.35 million for the nine months ended March 31, 2026, as higher operating costs and finance expenses continued to weigh on the company’s financial performance despite an increase in revenue.
According to the company’s condensed interim financial statements, net sales increased to Rs469.997 million, compared with Rs405.168 million recorded during the corresponding period last year, reflecting growth of nearly 16%. However, the increase in revenue was not sufficient to offset rising costs and expenses.
Gross profit stood at Rs13.20 million, marginally higher than Rs12.85 million in the same period of the previous year. Nevertheless, elevated distribution and administrative expenses pushed the company to an operating loss of Rs19.20 million, compared with an operating loss of Rs16.13 million a year earlier.
After accounting for finance costs and levies, Yousaf Weaving Mills posted a loss before taxation of Rs26.35 million, compared with Rs23.48 million in the corresponding nine-month period last year. The company did not record any taxation expense during the period, resulting in a net loss of Rs26.35 million, while loss per share increased to Rs0.19 from Rs0.17 last year.
For the quarter ended March 31, 2026, the company reported a net loss of Rs4.48 million, an improvement from the Rs6.18 million loss recorded in the same quarter of the previous year.
On the financial position side, total assets rose to Rs1.739 billion as of March 31, 2026, from Rs1.647 billion at the end of June 2025. Shareholders’ equity increased to Rs476.92 million, supported by additional loans from directors, even as accumulated losses widened to Rs1.878 billion.
The company’s cash flow statement showed that operating activities consumed Rs121.12 million during the nine-month period, while financing activities generated Rs169.02 million, primarily through additional long-term and short-term borrowings, helping support liquidity amid ongoing operational challenges.
