Karachi: Fateh Sports Wear Limited reported a significant shift in its financial metrics for the period ending March 31, 2026, as the company’s latest un-audited financial statements reveal a substantial loss and changes in asset and liability positions. The report, dated April 27, 2026, provides an in-depth view of the company’s fiscal health and operational challenges over the past year.

The shareholders’ equity of Fateh Sports Wear Limited saw a decrease from 573.63 million to 561.39 million. The reduction is primarily attributed to a loss of 12.25 million reported up to March 31, 2026, contrasting sharply with the previous year’s loss of 2.43 million for the same period. This downturn is further accentuated by a loss per share of Rs. 6.12, compared to Rs. 1.22 the previous year.

Current liabilities increased to 38.77 million from 35.59 million, driven by a rise in loans from directors, which grew from 30.28 million to 33.11 million. Despite these liabilities, the company maintained a stable provision for taxation at 113,391, consistent with last year’s figures.

On the assets side, trade receivables decreased from 567.20 million to 558.10 million, marking a minor move of -1.60%. However, cash and bank balances showed an increase, closing at 118,155 from 82,931, a reflection of minor cash flow improvements.

The company’s operational challenges are highlighted by the absence of sales and a gross profit, with operating losses widening to 3.30 million for the January-March 2026 quarter compared to 826,019 in the corresponding quarter of 2025. Exchange losses also contributed significantly, increasing to 9.10 million from a gain of 200,000 the previous year.

According to information available from the Pakistan Stock Exchange (PSX), Fateh Sports Wear Limited’s financial activities reveal a pattern of increased financial obligations and operational losses. This is underscored by the cash flow from financing activities, which included a loan inflow from directors amounting to 2.83 million, compared to 580,000 during the same period last year.

Overall, the financial position of Fateh Sports Wear Limited as of March 31, 2026, indicates a need for strategic reassessment to address the operational inefficiencies and financial imbalances reflected in its current report.