Bannu Woollen Mills Limited has released its unaudited condensed interim financial statements for the quarter ended September 30, 2026, reporting significant losses compared to the same period last year.
- Sales for the quarter were PKR 103.68M, down from PKR 235.46M in Q1 2025.
- The company recorded a gross loss of PKR 9.77M, compared to a gross profit of PKR 103.62M in the previous year.
- Loss from operations stood at PKR 63.92M, a decline from a profit of PKR 51.70M in Q1 2025.
- Loss before tax was PKR 84.88M, compared to a profit before tax of PKR 30.86M last year.
- The net loss after tax was PKR 71.77M, compared to a profit of PKR 23.67M in the same quarter last year.
- Loss per share was PKR 7.55, down from earnings per share of PKR 2.49 in Q1 2025.
- Stock-in-trade increased to PKR 1,056.11M from PKR 912.30M as of June 30, 2026, reflecting inventory buildup due to seasonal factors.
- The management anticipates recovery in sales as the winter season progresses, which may help mitigate the current losses.