Lahore: Jubilee Spinning & Weaving Mills Limited has released its annual report for the fiscal year ended June 30, 2026, highlighting key financial metrics and announcing its 53rd Annual General Meeting (AGM) scheduled for October 22, 2026. The AGM will take place at the company's registered office in Lahore, with agendas including the approval of audited financial statements and appointment of auditors.
The company's balance sheet for the fiscal year 2026 showcases total assets of 1.40 billion rupees, reflecting a notable increase from 1.34 billion rupees in 2025. This rise is attributed to increases in both non-current and current assets. Notably, investment property assets rose to 1.04 billion rupees from 991.64 million rupees, and long-term investments saw an increase to 4.92 million rupees from 2.92 million rupees.
In terms of liabilities, the company reported total liabilities of 189.15 million rupees, slightly up from 187.69 million rupees in the previous year. Current liabilities accounted for 176.28 million rupees of the total, with trade and other payables increasing to 90.91 million rupees from 89.15 million rupees.
The income statement reveals a revenue decrease from contracts with customers, amounting to 11.63 million rupees in 2026 compared to 12.75 million rupees in 2025. Despite the revenue decline, the company achieved a gross profit of 5.20 million rupees. However, administrative and general expenses rose to 77.24 million rupees from 71.06 million rupees. Other income saw a very large decline to 130.70 million rupees from 205.73 million rupees, contributing to a decrease in profit from operations to 58.66 million rupees from 140.02 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company's earnings per share experienced a significant move, dropping to 1.33 rupees from 4.24 rupees. The profit after taxation also reflected a very large decrease, standing at 43.34 million rupees compared to 137.62 million rupees the previous year.
The board has recommended the re-appointment of M/s. Junaidy Shoaib Asad, Chartered Accountants, as the auditors for the company. They are the retiring auditors and have expressed willingness to continue their role. The AGM will also allow for the transaction of any other business with the permission of the Chair.