Faisalabad: Interloop Limited, a prominent player in the textile sector, announced its annual financial results for the year ended June 30, 2026, at a board meeting held on September 10, 2026. The company has reported a significant increase in profits, alongside a recommendation for a final cash dividend of Rs. 2 per share, equivalent to 20%. This final dividend complements the interim cash dividend of Rs. 2 per share already paid for the year.
The audited financial statements reveal that Interloop Limited achieved a profit of Rs. 13,153,946,000 for the year, compared to Rs. 5,376,599,000 in the previous year, marking a very large or significant move. The company's earnings per share increased from Rs. 3.84 to Rs. 9.38. According to information available from the Pakistan Stock Exchange (PSX), these results reflect the company's strong financial performance, driven by net sales of Rs. 182.84 billion, up from Rs. 173.38 billion in the previous year.
The board has also resolved to maintain the number of directors at nine for the upcoming three-year term. The election for these positions will take place during the Annual General Meeting scheduled for October 14, 2026, at the Interloop Executive Club in Khurrianwala, Faisalabad. Shareholders registered by October 6, 2026, will be eligible for the dividend and to participate in the meeting, with transfers processed by M/s. CDC Share Registrar Services Limited before this date being considered valid.
Interloop Limited's annual report, fulfilling requirements under Sections 96 and 131 of the Securities Act, 2015, will be disseminated through PUCARS at least 21 days before the meeting. Additionally, the company reported comprehensive income of Rs. 13,524,565,000 for the year, after accounting for actuarial gains and losses related to post-retirement benefits.
In terms of asset growth, the company's total assets rose to Rs. 187.67 billion from Rs. 176.73 billion the previous year. Current assets such as trade debts and stock in trade showed notable increases, contributing to the overall asset expansion. The financial results underscore Interloop Limited's robust market position and its commitment to rewarding shareholders amidst a challenging economic landscape.