Artistic Denim Mills Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing financial performance and operational insights.
- The company reported a net loss after tax of PKR 435.79M, an improvement from a loss of PKR 451.10M in the previous year.
- Revenue declined to PKR 13,895M from PKR 18,350M, attributed to economic conditions and loss of a key customer, though business has resumed.
- Gross profit increased to PKR 1,125.23M, up from PKR 1,061.70M, indicating improved gross margins despite rising production costs.
- Loss per share improved to PKR 5.19 from PKR 5.37.
- Finance costs rose to PKR 821.14M due to increased short-term borrowings for capital expenditures.
- The company did not declare a dividend for the year, reflecting its financial losses.
- Total assets employed were PKR 10,216.35M, with shareholders' equity at PKR 7,669.58M.
- The report emphasizes ongoing challenges in the textile sector, including high energy costs and competitive pressures.