Karachi: Gadoon Textile Mills Limited has announced its financial results for the year ended June 30, 2026, reporting a net sales increase of 9.88% from the previous year. The Board of Directors, in their meeting on August 4, 2026, declared a cash dividend of Rs.5 per share, while deciding against the issuance of bonus or right shares.

The company's total assets rose to 72.72 billion rupees, up from 71.12 billion rupees the previous year. Non-current assets increased to 38.55 billion rupees, with significant investments in property, plant, and equipment, accounting for 30.91 billion rupees. Current assets, however, saw a decrease, falling to 34.17 billion rupees from 36.34 billion rupees, due mainly to a reduction in stock-in-trade.

According to information available from the Pakistan Stock Exchange (PSX), the company's profit before income tax was 2.96 billion rupees, a decrease from 3.40 billion rupees in 2025, largely attributed to increased expenses and a reduction in share of profit from associates. Despite this, the profit for the year rose to 2.63 billion rupees from 2.39 billion rupees, driven by gains such as the remeasurement gain on provision for SIDC and other income streams.

The company's equity increased to 26.73 billion rupees from 23.91 billion rupees, reflecting an improvement in retained earnings and revenue reserves, which surged to 9.81 billion rupees from 6.99 billion rupees. Total liabilities decreased slightly to 45.99 billion rupees from 47.21 billion rupees, with a noticeable reduction in short term borrowings.

Gadoon Textile Mills' Annual General Meeting is scheduled for September 28, 2026, at their industrial estate in District Swabi, Khyber Pakhtunkhwa. The share transfer books will be closed from September 21 to September 28, 2026, to finalize entitlements for shareholders.

In summary, while Gadoon Textile Mills faced challenges with increased costs and decreased profits before tax, the company managed to post a higher annual profit, supported by strategic gains and income diversification. The market will closely watch the upcoming AGM for further insights into the company's strategic direction.