Faisal Spinning Mills Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing its financial performance and operational updates.
- The company reported a loss after tax of PKR 413.54M for FY2026, compared to a loss of PKR 269.27M in FY2025.
- Revenue decreased slightly to PKR 45,841.30M from PKR 46,203.55M year-on-year.
- Loss per share (EPS) worsened to PKR -41.35 from PKR -26.93 in the previous year.
- Gross profit margin declined to 7.61% from 7.95% in the prior year.
- The company successfully reduced inventory levels and short-term borrowings by over 35%, enhancing liquidity.
- No dividend was declared due to the incurred loss, with a focus on preserving cash resources.
- The audit report was clean, confirming compliance with accounting standards and regulations.
- The company’s long-term borrowing increased to PKR 4,692.59M from PKR 4,496.47M, while shareholder equity decreased to PKR 11,762.19M from PKR 12,170.80M.
- The current ratio improved to 1.26 from 1.19, indicating better short-term financial health.
- The outlook remains cautious, with management optimistic about operational improvements leading to future profitability.