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 operational challenges.
- Reporting period: Year ended June 30, 2026; audited financial statements included.
- Revenue: PKR 88.55M, compared to PKR 66.35M 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, up from a loss per share of PKR (0.31) in 2025.
- The company has ceased textile operations and is transitioning to investment activities, including the sale of land.
- An adverse opinion was issued by auditors regarding the company's ability to continue as a going concern, citing accumulated losses of PKR 295.90M.
- The company plans to leverage proceeds from land sales to support new business ventures.