Ellcot Spinning Mills Limited has transmitted its Annual Financial Statements for the year ended June 30, 2026, highlighting a significant improvement in profitability despite ongoing macroeconomic challenges.
- Revenue for the year increased by 2.14% to PKR 16,225.62M, up from PKR 15,886.09M in the previous year.
- Net Profit After Tax (PAT) rose to PKR 206.18M (1.27% of sales), compared to PKR 76.62M (0.48% of sales) last year.
- Earnings Per Share (EPS) improved to PKR 18.83, up from PKR 7.00 in the prior year.
- Operating expenses as a percentage of revenue increased to 2.70% from 2.28%, influenced by inflationary pressures.
- The company declared a final cash dividend of PKR 6.50 per share, representing a 65% payout ratio.
- The financial statements were audited without qualification, reflecting a stable operational cash flow and reduced finance costs.
- The AGM is scheduled for October 28, 2026, where shareholders will vote on the proposed dividend and other matters.