Chenab Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing significant financial losses and operational challenges faced during the period.
- Sales revenue decreased to PKR 1,949.24M from PKR 2,389.57M in the previous year.
- Gross loss reported at PKR 65.04M, an improvement from PKR 80.27M last year.
- Operating loss narrowed to PKR 405.39M from PKR 526.27M in 2025.
- Net loss after tax was PKR 519.69M, compared to a loss of PKR 622.89M in the prior year.
- Earnings per share (EPS) improved to PKR -4.52 from PKR -5.42.
- The company continues to face liquidity issues, with total liabilities significantly exceeding total assets.
- The independent auditor's report raised concerns regarding the company's ability to continue as a going concern due to operational and financial difficulties.
- The report includes a qualified opinion due to non-compliance with IFRS regarding preference shares and deferred tax liabilities.