Nazir Cotton Mills Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing its financial performance and strategic direction amidst ongoing restructuring efforts.
- Reporting period: Year ended June 30, 2026; audited financial statements included.
- Revenue: PKR 88,550.83M, up from PKR 65,354.74M in 2025.
- Net Profit After Tax (PAT): PKR 73.90M, a significant recovery from a loss of PKR 7.23M in the previous year.
- Earnings Per Share (EPS): PKR 3.21, compared to a loss per share of PKR (0.31) in 2025.
- The company has shifted focus from textile manufacturing to investment activities, with plans to sell land for revenue generation.
- Notably, the company reported accumulated losses of PKR 295.90M and current liabilities exceeding current assets by PKR 40.75M.
- The auditors issued an adverse opinion regarding the company's financial statements, citing concerns over going concern assumptions and compliance with corporate governance regulations.