Karachi: Dewan Mushtaq Textile Mills Limited, a company listed under the textile sector of the Pakistan Stock Exchange, has announced its financial results for the third quarter ending March 31, 2025, revealing continued financial challenges. The announcement was made following a board meeting held on August 20, 2026, at the company’s headquarters in Karachi.

According to the latest unaudited financial results, the company reported a net loss of 26.36 million rupees for the nine-month period ending March 31, 2025, an increase from a loss of 20.03 million rupees during the same period in the previous year. For the third quarter alone, the loss amounted to 6.98 million rupees, compared to 8.05 million rupees in the corresponding period of 2024. The loss per share for the nine-month period was recorded at 2.28 rupees, up from 1.73 rupees in the prior year.

The company’s board of directors declared no cash dividends, bonus shares, or right shares for the period under review. There were also no other corporate actions or price-sensitive information announced. This lack of distributions reflects the ongoing financial difficulties faced by the company.

The financial statement shows a significant reduction in gross loss for the nine months, from 23.39 million rupees in the previous year to 21.43 million rupees in the current year. Despite a decrease in administrative and general expenses to 6.53 million rupees from 6.10 million rupees, the operating loss remains substantial at 27.96 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Mushtaq Textile Mills’ accumulated losses increased to 741.33 million rupees from 718.90 million rupees. The financial position as of March 31, 2025, shows total equity and liabilities amounting to 794.55 million rupees, with current liabilities slightly decreasing to 584.27 million rupees.

The company’s total assets stood at 794.55 million rupees, a decline from 822.53 million rupees as of June 30, 2024. Notably, non-current assets, consisting primarily of property, plant, and equipment, decreased to 764.99 million rupees.

These results underscore the ongoing financial strain on Dewan Mushtaq Textile Mills Limited, with no immediate plans for corporate restructuring or capital distribution, as the company navigates its challenging economic landscape in the textile industry.