Karachi: Olympia Mills Limited has reported a significant rise in profits for the fiscal year ending June 30, 2025, as per its recently released financial statement. The company’s net profit surged to 145.90 million rupees, compared to 19.73 million rupees in the previous fiscal year, marking a remarkable turnaround in its financial performance.
Olympia Mills, listed under the 'Textile' market category, demonstrated a robust operating profit of 163.61 million rupees, a substantial increase from 44.12 million rupees recorded last year. This notable improvement is attributed to an extraordinary gain on the extinguishment of debt, which amounted to 119.59 million rupees.
The company's income-net witnessed a moderate move with a 8.75% increase, rising from 121.88 million rupees in 2024 to 132.55 million rupees in 2025. Despite an increase in direct operating expenses, which climbed to 60.22 million rupees from 48.56 million rupees, Olympia Mills managed to maintain a steady profit line.
According to information available from the Pakistan Stock Exchange (PSX), Olympia Mills also reported a reduction in finance costs, which decreased to 3.08 million rupees from 5.95 million rupees, further supporting the company’s improved financial position. Administrative and general expenses rose to 28.52 million rupees from 25.19 million rupees, reflecting a minor move in operational costs.
The statement of financial position as of June 30, 2025, revealed that Olympia Mills's total assets stood at 703.08 million rupees, slightly down from 709.86 million rupees the previous year. The company reported total equity and liabilities of 703.08 million rupees, with the equity section reflecting a positive shift due to a surplus on revaluation of property, plant, and equipment, which remained constant at 525.24 million rupees.
The company’s earnings per share witnessed a very large or significant move, increasing from 1.64 rupees to 12.16 rupees, underscoring the financial health and shareholder value enhancement achieved over the fiscal year.
Olympia Mills Limited’s financial restructuring and strategic operational management have evidently paid off, positioning the company on a promising trajectory for future growth and stability.