Multan: Fazal Cloth Mills Limited has announced a substantial increase in its financial performance for the fiscal year ending June 30, 2026. The company's Board of Directors approved the audited financial statements during a meeting held on September 30, 2026, at the company's head office on Abdali Road, Multan.

Fazal Cloth Mills declared a cash dividend of 150% for its shareholders, while no bonus shares, right shares, or other entitlements were announced. The company's total assets rose to 133.42 billion rupees, up from 115.45 billion rupees in the previous year, indicating a significant growth trajectory.

The statement of financial position shows that non-current assets increased to 81.15 billion rupees from 62.44 billion rupees, while current assets slightly decreased to 52.27 billion rupees from 53.01 billion rupees. The company's equity also saw a notable increase, reaching 75.68 billion rupees compared to 56.44 billion rupees in the prior year.

According to information available from the Pakistan Stock Exchange (PSX), Fazal Cloth Mills Limited's revenue from contracts with customers rose to 96.02 billion rupees from 90.00 billion rupees, marking a very large or significant move of 6.70%. The cost of sales increased to 87.08 billion rupees from 82.31 billion rupees, resulting in a gross profit of 8.95 billion rupees, up from 7.70 billion rupees.

Despite an increase in administrative expenses to 931.72 million rupees from 900.29 million rupees and other expenses rising to 350.92 million rupees from 304.02 million rupees, the company's profit from operations grew to 8.15 billion rupees from 6.90 billion rupees. The finance cost was slightly reduced to 5.11 billion rupees from 5.29 billion rupees.

Profit before levies and income tax was recorded at 3.04 billion rupees, significantly higher than the previous year's figure of 1.61 billion rupees. After accounting for levies and income tax, the profit after taxation stood at 1.57 billion rupees, showing a very large or significant move from the prior year's 382.76 million rupees. Basic and diluted earnings per share increased to 52.44 rupees from 12.76 rupees.

The financial results reflect the company's robust growth and strategic financial management over the past year, positioning Fazal Cloth Mills Limited for continued success in the designated market category.