Lahore: J. A. Textile Mills Limited, in its directors' report to shareholders, has released its un-audited financial statements for the third quarter and nine months period ending March 31, 2025. The company reported a significant increase in sales amidst continued financial losses.

For the nine months ending March 31, 2025, J. A. Textile Mills reported sales of Rs. 943.56 million, a substantial rise from Rs. 122.50 million during the same period the previous year. Despite this increase in sales, the company experienced a gross loss of Rs. 29.80 million, compared to a gross loss of Rs. 39.50 million in the prior year.

The pretax loss for the current period stood at Rs. 45.74 million, slightly higher than the Rs. 45.37 million recorded for the same period in 2024. After accounting for taxation of Rs. 16.54 million, the company’s net loss amounted to Rs. 62.28 million, compared to a net loss of Rs. 52.01 million in the corresponding period of the previous year. Loss per share also increased to Rs. 4.94 from Rs. 4.13.

According to information available from the Pakistan Stock Exchange (PSX), these financial results reflect the pressures the company has faced. The losses are attributed to declining yarn sale prices, decreased demand both locally and internationally, and elevated raw material and energy costs. Despite these challenges, the management of J. A. Textile Mills remains optimistic about future prospects.

In a separate development, the company has resolved its long-standing litigation with Faysal Bank Limited. A settlement agreement was reached on March 20, 2025, resulting in a payment of Rs. 35.50 million to the bank as a full and final settlement.

J. A. Textile Mills also confirmed that all related party transactions are conducted at arm’s length, with prices determined according to the comparable uncontrolled price method. The company expressed appreciation for the dedication and hard work of its team and partners both domestically and internationally.