Service Industries Textiles Limited has transmitted its annual financial statements for the year ended June 30, 2026, highlighting significant operational challenges and a net loss.
- Period: Year ended June 30, 2026; audited financial statements.
- Revenue: PKR 1,276.21M, down from PKR 1,370.51M in the previous year.
- Net Loss: PKR 111.36M compared to a loss of PKR 72.90M in the prior year.
- EPS: Loss per share of PKR (8.08), worsening from PKR (5.29) year-on-year.
- The company faced high energy costs and competitive pressures, leading to a gross loss of PKR 35.23M.
- Balance Sheet: Current liabilities exceeded current assets by PKR 461.42M, raising concerns about the company's going concern status.
- Dividend: No dividend declared due to ongoing losses.
- Audit Opinion: Statutory auditors issued an adverse opinion regarding the company's ability to continue as a going concern.