Ghazi Fabrics International 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 gross loss of PKR 225.07M, an improvement from a gross loss of PKR 289.06M in the previous year.
- Loss after tax increased to PKR 604.94M, compared to PKR 376.84M in FY 2024-25, leading to a loss per share of PKR 18.54, up from PKR 11.55.
- The report highlights ongoing economic pressures, including rising production costs and declining sales prices, impacting profitability.
- The auditors issued an adverse opinion regarding the company's ability to continue as a going concern.
- The company plans to sell outdated machinery and its head office to reduce liabilities and invest in more efficient technology.
- The management remains committed to improving operational efficiency despite the challenging market conditions.