Karachi: Al-Abid Silk Mills Ltd, a key player in the textile industry, hosted a corporate briefing session on November 27, 2025, to discuss its financial performance for the fiscal year 2025. The session detailed substantial changes in the company’s financial metrics, reflecting operational challenges and strategic shifts.
The financial year ending June 30, 2025, saw Al-Abid Silk Mills Ltd grappling with a gross loss of 101.10 million rupees, marking a substantial improvement from the previous year’s loss of 115.91 million rupees. Operational expenses increased significantly to 73.03 million rupees, compared to 34.64 million rupees in 2024, indicating elevated operational costs. Despite these challenges, the company reported a decrease in its finance cost from 57,171 rupees in 2024 to zero in 2025.
Other income for the year stood at 35.18 million rupees, a notable decline from 266.77 million rupees in 2024. The company’s net loss for 2025 amounted to 138.94 million rupees, a reversal from the profit of 116.16 million rupees recorded the previous year. This translated to a loss per share of 10.36 rupees, compared to a profit of 8.66 rupees per share in 2024.
According to information available from the Pakistan Stock Exchange (PSX), Al-Abid Silk Mills Ltd recorded an increase in its property, plant, and equipment valuation to 2.57 billion rupees, up from 2.20 billion rupees in 2024. This increase reflects a revaluation surplus on property, plant, and equipment, which rose to 2.40 billion rupees from 1.91 billion rupees. The company’s total equity significantly increased to 592.53 million rupees from 138.51 million rupees in 2024, indicating a very large or significant move.
The company’s cash flow statement revealed a net cash used in operating activities of 53.13 million rupees, contrasting with a net cash generation of 112.76 million rupees in the previous year. Investing activities yielded a net cash inflow of 15.16 million rupees, while financing activities resulted in an outflow of 15.00 million rupees.
Al-Abid Silk Mills Ltd’s current liabilities remained relatively stable at approximately 2.15 billion rupees, with no significant changes from the previous year. The company’s current assets decreased to 251.65 million rupees from 304.67 million rupees, driven by a reduction in cash and bank balances to 50.47 million rupees from the previous year’s 103.43 million rupees.
The corporate briefing highlighted the company’s ongoing efforts to navigate financial constraints while capitalizing on long-term assets and revaluation surpluses.