Crescent Fibres Limited has released its annual report for the year ended June 30, 2026, detailing a significant loss but showing improvements in operational metrics compared to the previous year.
- The company reported a net loss of PKR 580.97M for FY 2026, an improvement from a loss of PKR 775.71M in FY 2025, reflecting a reduction of 25.1%.
- Loss per share decreased to PKR 46.78 from PKR 62.47 year-on-year.
- Revenue declined by 11.3% to PKR 3,841.18M, down from PKR 4,330.54M in the previous year.
- Gross loss improved to PKR 157.62M, compared to PKR 356.41M in FY 2025, indicating better cost management.
- The company generated net cash from operating activities of PKR 323.18M, a turnaround from a cash outflow of PKR 45.10M in the prior year.
- Shareholders’ equity increased to PKR 3,620.18M, up from PKR 3,221.56M, supported by a revaluation surplus of PKR 852.17M.
- The company has opted to forgo dividends this year to maintain liquidity amid ongoing challenges in the textile sector.