Colony Textile Mills Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing significant financial challenges faced during the period.
- The company reported a net sales revenue of PKR 20,528.42M, up from PKR 16,888.07M in 2025.
- A gross loss of PKR 2,033.35M was recorded, compared to a gross loss of PKR 1,333.57M the previous year.
- The net loss for the year reached PKR 11,052.32M, a substantial increase from a net loss of PKR 2,227.10M in 2025.
- Loss per share stood at PKR (22.19), worsening from PKR (4.47) in the prior year.
- The company's accumulated losses have escalated to PKR 13,117.81M, with current liabilities exceeding current assets by PKR 24,661.12M.
- The auditors issued an adverse opinion on the financial statements, citing significant doubts about the company's ability to continue as a going concern.
- The report outlines a turnaround plan involving a debt-asset swap to reduce total debt to sustainable levels.