Karachi: Saif Textile Mills Limited has reported a notable increase in its financial standing for the fiscal year ending June 30, 2026, as revealed in its latest financial disclosures. The company has shown a substantial rise in total shareholders' equity and a significant growth in its financial performance, despite facing increased long-term financial obligations.
According to the report dated October 1, 2026, Saif Textile Mills' total shareholders' equity rose to 4.21 billion rupees from 3.75 billion rupees in the previous year. This uplift was driven by an increase in unappropriated profit, which reached 1.19 billion rupees, up from 841.95 million rupees—a very large or significant move of 41.27%.
The company's non-current liabilities have witnessed a surge, amounting to 2.84 billion rupees compared to 1.81 billion rupees last year. A notable factor contributing to this was the increase in long-term financing, which more than doubled to 2.06 billion rupees from 967.39 million rupees. Concurrently, there was a decrease in deferred income concerning government grants, which fell to 861,000 rupees from 4.19 million rupees.
Saif Textile Mills' current liabilities decreased slightly to 8.28 billion rupees from 8.77 billion rupees, primarily due to a reduction in short-term borrowings, which dropped to 5.49 billion rupees from 6.04 billion rupees, representing a moderate move of 9.20%.
The company's assets saw a corresponding increase, with non-current assets rising to 8.25 billion rupees from 7.67 billion rupees, and current assets increasing to 7.08 billion rupees from 6.65 billion rupees. Notably, the value of property, plant, and equipment showed a rise to 8.15 billion rupees from 7.60 billion rupees.
In terms of profitability, Saif Textile Mills reported a net sales increase to 11.71 billion rupees from 11.59 billion rupees, while the cost of sales decreased to 10.09 billion rupees from 10.36 billion rupees. This led to a gross profit of 1.62 billion rupees, up from 1.23 billion rupees—a very large or significant move of 31.68%.
According to information available from the Pakistan Stock Exchange (PSX), the company presented a profit from operations amounting to 1.14 billion rupees, rising from 832.28 million rupees. The finance cost, however, decreased to 897.42 million rupees from 1.25 billion rupees, contributing to an improved profit before taxation of 241.65 million rupees, compared to a loss of 419.01 million rupees in the previous year.
The company's profit after taxation stood at 224.66 million rupees, a turnaround from the loss of 388.32 million rupees recorded last year. This resurgence is reflected in the earnings per share, which rose to 8.51 rupees from a loss of 14.70 rupees per share previously. Saif Textile Mills Limited's financial outcomes for the year illustrate a robust recovery in profitability alongside a deliberate management of liabilities.