Islamabad: Redco Textiles Limited has announced its financial results for the year ending June 30, 2026, revealing a stable yet challenging financial landscape. The company's board of directors, in a meeting held on October 2, 2026, confirmed no cash dividend, bonus shares, right shares, or any other corporate actions for the fiscal year. The board meeting took place at the company's registered office in Islamabad.
According to the financial statement, the total assets of Redco Textiles remained steady at approximately 4.10 billion rupees, showing minimal change from the previous year. The company's equity and liabilities also exhibited stability, totaling 4.10 billion rupees, similar to the previous fiscal period.
A detailed examination of the company's profit or loss statement indicates a minor decrease in net sales, which stood at 1.80 billion rupees, compared to 1.80 billion rupees in the prior year. The cost of sales decreased slightly to 1.54 billion rupees from 1.54 billion rupees, resulting in a gross profit of 259.88 million rupees, compared to 259.15 million rupees last year.
The company faced increased operational expenses, with distribution costs rising to 3.03 million rupees from 2.59 million rupees and administrative expenses increasing to 30.40 million rupees from 28.51 million rupees. Notably, other operating expenses saw a substantial increase to 118.87 million rupees from 20.08 million rupees in the previous fiscal year. Consequently, the operating profit decreased to 107.58 million rupees from 207.98 million rupees, indicating a very large or significant move.
According to information available from the Pakistan Stock Exchange (PSX), Redco Textiles' profit before taxation fell to 96.25 million rupees, a significant decline from 188.76 million rupees in the previous year. After accounting for deferred tax, the company reported a profit of 5.57 million rupees for the year, a stark decrease from 175.63 million rupees in the prior year, illustrating another very large or significant move.
In terms of shareholder returns, the company's earnings per share dropped dramatically to 0.113 rupees from 3.563 rupees, reflecting the financial pressures faced during the fiscal year.
The company plans to hold its Annual General Meeting on October 28, 2026, at its registered office in Islamabad. The share transfer books will remain closed from October 21 to October 28, 2026. The annual report will be distributed through PUCARS at least 21 days before the meeting.