Yousaf Weaving Mills Limited has transmitted its audited annual report for the year ended June 30, 2026, detailing significant operational and financial developments.
- The company reported a gross loss of PKR 339.60M, compared to a gross loss of PKR 254.47M in the previous year.
- Net loss for the year reached PKR 406.28M, up from PKR 306.71M in FY 2025.
- Revenue from sales was PKR 636.11M, slightly down from PKR 639.74M year-on-year.
- The company's accumulated losses now stand at PKR 2,261.87M, with current liabilities exceeding current assets by PKR 930.15M.
- Significant repayments were made to banks, including full settlement of liabilities to the Bank of Punjab.
- The company has converted director loans into share capital amounting to PKR 363.52M, enhancing equity.
- Management remains optimistic about future operations, citing upgraded production facilities and ongoing financial support from directors.
- The auditors have highlighted a material uncertainty regarding the company's ability to continue as a going concern due to accumulated losses and liquidity constraints.