Karachi: Globe Textile Mills Limited has released its financial results for the year ending June 30, 2025, reflecting continued challenges as the company reported a net loss after taxation of Rs. 4,024,000 for the period. The board of directors, in a meeting on August 5, 2026, announced that no cash dividends, bonus shares, or right shares would be distributed for the fiscal year.

The financial statements, which include the Statement of Profit and Loss and the Statement of Financial Position, reveal that administrative expenses increased to Rs. 4,024,000 from Rs. 3,045,000 in the previous year. Despite the rise in administrative costs, the company did not incur any other expenses this year, compared to Rs. 1,433,000 last year.

According to information available from the Pakistan Stock Exchange (PSX), the company's operating loss stood at Rs. 4,024,000, marking a minor move from last year's Rs. 4,478,000. The loss per share was reported at Rs. 0.25, slightly improving from Rs. 0.27 in the previous year.

On the balance sheet, Globe Textile Mills Limited's total assets amounted to Rs. 50.39 million, with current assets accounting for Rs. 50.39 million, including Rs. 50.35 million due from related parties. The company's total equity decreased to Rs. 32.28 million from Rs. 36.31 million the previous year, primarily due to an increase in accumulated losses now standing at Rs. 131.38 million.

The company has scheduled its Annual General Meeting for September 2, 2026, at its registered office in Karachi, where stakeholders will further discuss these financial outcomes. The annual report for the period is set to be transmitted separately through PUCARS within the specified timeframe.