Faisalabad: Ashfaq Textile Mills Ltd. announced its financial results for the fiscal year ending June 30, 2025, showcasing a notable turnaround from a loss to a profit, as confirmed by the company’s Board of Directors at their meeting on September 30, 2025.

The company reported a profit of 5,994,049 Rupees for the year, compared to a loss of 57,851,434 Rupees recorded in the previous year. This profit reflects a substantial recovery in the company's financial performance. Earnings per share rose to 0.13 Rupees from a negative 1.24 Rupees, marking a significant improvement.

Sales for the year were reported at 454.19 million Rupees, slightly down from 456.65 million Rupees in 2024. The cost of goods sold dropped to 411.55 million Rupees from 493.04 million Rupees, resulting in a gross profit of 42.64 million Rupees, a big move from a gross loss of 36.39 million Rupees in the prior year.

According to information available from the Pakistan Stock Exchange (PSX), Ashfaq Textile Mills did not declare any cash dividends, bonus shares, or right shares for the year, maintaining a stance of no change in shareholder entitlements. This decision follows interim dividends and share issues that were also absent in the preceding months.

The company’s administrative expenses were marginally reduced to 35.36 million Rupees from 36.45 million Rupees, while other operating expenses were recorded at 744,675 Rupees. Finance costs, covering bank charges and commissions, remained low at 13,943 Rupees.

The Board of Directors has scheduled the Annual General Meeting (AGM) for October 28, 2025, at the company's registered office in Faisalabad. The share transfer books will close from October 21 to October 27, 2025, to finalize entitlements for shareholders.

The company will distribute printed accounts to exchange members in the near future, ensuring transparency and compliance with market regulations.