Shams Textile Mills Limited has transmitted its Annual Report for the year ended June 30, 2026, detailing its financial performance amidst challenging market conditions.
- The company reported total sales of PKR 3,756.87M, down from PKR 4,104.81M in the previous year, reflecting an 8.46% decline.
- Gross profit improved significantly to PKR 271.93M, compared to PKR 91.98M in FY2025, indicating better capacity utilization and cost management.
- Operating profit rose to PKR 164.78M, a substantial increase from PKR 8.00M in the prior year.
- However, the company faced a net loss of PKR 44.16M, worsening from a loss of PKR 137.19M in FY2025.
- Earnings per share (EPS) stood at PKR -15.88, compared to PKR -3.92 in the previous year.
- The report was audited by M/s Riaz Ahmad & Co., who issued an unqualified opinion.
- The company continues to focus on its core spinning operations while managing liquidity and financing challenges.