Karachi: Haji Mohammad Ismail Mills Limited, a company listed in the textiles category, reported its financial performance for the year ending June 30, 2026, revealing a significant contraction in its total assets and cash reserves. The date of the report is October 2, 2026.
The company's total assets fell from 5.74 million rupees in 2025 to 3.70 million rupees in 2026. Current assets saw a notable decrease, primarily due to a sharp drop in cash and bank balances, which plummeted from 3.54 million rupees in 2025 to 490,870 rupees in 2026. According to information available from the Pakistan Stock Exchange (PSX), this represents a very large or significant move in cash reserves.
In contrast, the company's investments available for sale surged to 1.14 million rupees in 2026 from 332,325 rupees in 2025, signifying a very large or significant move. Other receivables also increased, reaching 1.06 million rupees compared to 866,323 rupees in the previous year.
The equity and liabilities section displayed a deterioration in equity, with the company's share capital and reserves declining from a negative 2.47 million rupees in 2025 to a negative 4.32 million rupees in 2026. The revenue reserve worsened, standing at negative 132.00 million rupees as of June 30, 2026, down from negative 128.97 million rupees the previous year.
Liabilities portrayed a mixed picture. Non-current liabilities, specifically the retirement benefit obligation, reduced from 6.35 million rupees in 2025 to 4.61 million rupees in 2026, indicating a big move. However, current liabilities, particularly trade and other payables, surged significantly from 1.86 million rupees in 2025 to 3.40 million rupees in 2026, representing a very large or significant move.
The company's profit and loss statement highlighted an operating loss of 3.08 million rupees for the year ending June 30, 2026, compared to a loss of 6.74 million rupees in 2025. Other income slightly decreased from 50,769 rupees in 2025 to 41,823 rupees in 2026. The loss per share improved from negative 0.56 rupees in 2025 to negative 0.25 rupees in 2026. The company reported no taxation for either year.
The financial report underscores the challenges faced by Haji Mohammad Ismail Mills Limited as it navigates a period of financial strain, characterized by declining cash reserves and increased liabilities.