Lahore: Kohinoor Spinning Mills Limited has reported its audited financial results for the year ended June 30, 2025, revealing a significant financial downturn. The company recorded a loss after tax of 494.21 million rupees, a substantial increase from the previous year's loss of 374.65 million rupees. This marks a very large or significant move of 31.91% in the company's financial performance for the year.
The report, published following a Board of Directors meeting held on October 2, 2025, outlined a series of financial challenges. The company declared no cash dividends, bonus shares, or right shares to its shareholders, reflecting Kohinoor Spinning Mills' ongoing efforts to stabilize its financial standing.
According to information available from the Pakistan Stock Exchange (PSX), the company's total liabilities stood at 3.62 billion rupees, a slight decrease from the previous year's 3.69 billion rupees. The equity and liabilities totaled 3.83 billion rupees, down from 4.25 billion rupees last year, indicating a decline in the company's financial position.
In terms of assets, the company's non-current assets were valued at 3.35 billion rupees, while current assets totaled 470.13 million rupees. This decline in asset valuation further highlights the financial challenges faced by the company during the fiscal year.
The statement of profit or loss revealed an operating loss of 202.95 million rupees compared to 170.69 million rupees in the previous year. The finance cost decreased to 58,181 rupees from 136,908 rupees. Other operating expenses increased to 304.61 million rupees, up from 243.83 million rupees, contributing to the overall financial loss. The company's other income also declined to 30.00 million rupees from 36.19 million rupees.
The cash flow statement reflected net cash outflows from operating activities amounting to 287.76 million rupees, compared to 232.57 million rupees in the previous year. However, the company reported net cash inflows from financing activities totaling 253.92 million rupees, an increase from 226.14 million rupees.
Kohinoor Spinning Mills Limited's financial results underscore the challenges faced in the current market environment, with significant losses impacting the company's overall financial health. The annual report will be transmitted through the Pakistan Unlisted Companies Automated Reporting System (PUCARS) within the specified time, as per company regulations.