Hamid Textile Mills Limited has released its Annual Report for the year ended June 30, 2026, detailing a challenging financial performance with a continued loss.
- Revenue for FY 2026 was PKR 910.09M, down 5.27% from PKR 960.75M in FY 2025.
- Gross profit decreased to PKR 26.39M, with a gross margin of 2.90%, compared to 3.45% the previous year.
- Operating loss widened to PKR 21.76M from PKR 11.77M in FY 2025.
- Loss before taxation was PKR 38.05M, compared to PKR 30.03M in the prior year.
- Loss after taxation stood at PKR 26.39M, an improvement from PKR 40.22M in FY 2025.
- Basic loss per share improved to PKR 1.99 from PKR 3.03.
- The auditors issued an adverse opinion regarding the company's ability to continue as a going concern due to accumulated losses of PKR 265.38M and unresolved financing disputes.
- The company generated positive cash flow from operations of PKR 18.85M, reflecting operational resilience despite losses.