Karachi: Ali Asghar Textile Mills Limited has reported significant growth in its financial position for the year ending June 30, 2026, according to its recently released unconsolidated statement of financial position. The textile manufacturer, listed on the Pakistan Stock Exchange (PSX), has demonstrated notable increases across various asset categories and equity components.

As of June 30, 2026, the total assets of the company surged to Rs. 3.57 billion from Rs. 3.03 billion in the previous fiscal year, marking a very large or significant move. This increase was driven primarily by the substantial rise in current assets, which climbed to Rs. 2.28 billion from Rs. 1.76 billion. Among these, short-term investments rose significantly to Rs. 1.36 billion from Rs. 959.56 million, indicating strong investment performance.

Non-current assets also experienced a positive shift, growing to Rs. 1.30 billion from Rs. 1.26 billion. Notably, the property, plant, and equipment category recorded an increase to Rs. 1.29 billion from Rs. 1.26 billion. However, long-term deposits saw a decline, dropping to Rs. 1.74 million from Rs. 2.59 million.

The company's equity position strengthened considerably, with shareholders' equity escalating to Rs. 3.06 billion from Rs. 2.51 billion. This growth was fueled by a rise in revenue reserves, reaching Rs. 1.90 billion from Rs. 1.34 billion. Unappropriated profit soared to Rs. 1.71 billion from Rs. 1.24 billion, showcasing the company's improved profitability.

According to information available from the Pakistan Stock Exchange (PSX), Ali Asghar Textile Mills Limited's financial health is reflected in its liability management. Non-current liabilities decreased to Rs. 129.87 million from Rs. 175.39 million, with deferred tax liability dropping to Rs. 112.07 million from Rs. 157.58 million, indicating effective tax management.

Current liabilities, however, rose slightly to Rs. 381.86 million from Rs. 342.03 million, with taxation-net more than doubling to Rs. 136.54 million from Rs. 58.40 million. This increase in taxation reflects a higher taxable income in the current fiscal year.

The company's authorized capital remained stable at Rs. 250 million, and the issued, subscribed, and paid-up capital stayed constant at Rs. 222.13 million. The surplus on revaluation of fixed assets saw a minor move, decreasing slightly to Rs. 940.81 million from Rs. 944.22 million.

Ali Asghar Textile Mills Limited's financial results underscore a robust fiscal year, characterized by strategic investments and effective financial management, contributing to its enhanced market position.