Faisalabad: Ashfaq Textile Mills Ltd. has announced its financial results for the quarter ending September 30, 2025, revealing a turnaround from losses to profitability. According to details provided by the company, the Board of Directors convened on October 29, 2025, to review and approve the quarterly performance.

Sales for the quarter reached 168.14 million rupees, marking a notable increase from the previous year’s 105.49 million rupees. Despite the substantial rise in sales, the cost of goods sold was 152.35 million rupees, compared to 116.49 million rupees the prior year. This resulted in a gross profit of 15.79 million rupees, a stark improvement from a gross loss of 10.99 million rupees reported in the same period last year.

Other income for the quarter was 672,498 rupees, a decline from the previous year’s 1,086,659 rupees. Total income, inclusive of other income, stood at 16.46 million rupees, contrasting the negative figure of 9.91 million rupees recorded last year.

Operating expenses, including distribution and administrative costs, amounted to 9.59 million rupees, compared to 8.21 million rupees last year. Despite these costs, Ashfaq Textile Mills Ltd. reported a profit before taxation of 6.87 million rupees, a recovery from the previous year’s loss of 18.12 million rupees.

According to information available from the Pakistan Stock Exchange (PSX), the net profit for the quarter was 5.06 million rupees, a significant improvement from the loss of 19.60 million rupees reported for the same period last year. The earnings per share were recorded at 0.01 rupees, reflecting a positive turnaround from the negative 0.04 rupees per share reported previously.

The company reported that no interim cash dividend, bonus shares, or right shares were recommended by the Board of Directors for this quarter.