Lahore: Hamid Textile Mills Limited has announced its financial results for the year ending June 30, 2026, as the company continues to grapple with financial setbacks. The report, released after the Board of Directors' meeting held on September 25, 2026, reveals a loss after taxation of 26.39 million rupees, down from 40.22 million rupees in the previous year.

The company's financial report specifies that no cash dividends, bonus shares, or right shares have been recommended. Furthermore, there were no other entitlements or corporate actions disclosed. The Annual General Meeting is scheduled for October 16, 2026, at the registered office in Lahore, with share transfer books closing from October 14 to October 17.

According to the statement of profit or loss, Hamid Textile Mills Limited reported a loss before taxation of 38.05 million rupees, compared to 30.03 million rupees in the prior year. The taxation income for the period was reported at 11.66 million rupees, contrasting with a taxation expense of 10.19 million rupees in the previous year, contributing to the reduction in the overall loss after taxation.

The company's equity position has also weakened, with total equity declining to 289.65 million rupees as of June 30, 2026, from 333.65 million rupees at the end of the previous fiscal year. The revenue reserves reflect an accumulated loss of 265.38 million rupees, further highlighting the financial challenges faced by the company.

Cash flow from operating activities generated a net cash inflow of 18.85 million rupees, slightly lower than the 20.19 million rupees reported in the previous year. This was primarily driven by adjustments for non-cash income and expenses, along with changes in working capital.

Investment activities saw a net cash outflow of 4.10 million rupees, mainly due to the purchase of fixed assets. In terms of financing activities, the company reported a net cash outflow of 3.10 million rupees, as opposed to a significant inflow of 19.76 million rupees in the previous year, when long-term loans were procured.

According to information available from the Pakistan Stock Exchange (PSX), the financial performance of Hamid Textile Mills Limited is categorized under the textile sector. The company's financial struggles are reflected in a loss per share of 1.99 rupees, an improvement from the 3.03 rupees loss per share recorded in the previous year.

Despite the financial hurdles, Hamid Textile Mills Limited reported an increase in cash and cash equivalents at the end of the year to 30.17 million rupees, up from 18.52 million rupees at the beginning of the year. This increase in liquidity is attributed to the net cash generated from operating activities and a reduction in cash outflows from financing activities.