Lahore: Chenab Limited has released its financial results for the year ending June 30, 2026, revealing a challenging fiscal year marked by a substantial loss. The textile company reported a loss of 519.69 million rupees for the year, compared to a loss of 622.89 million rupees in the previous year, showing a narrowing of its financial downturn. The results were disclosed in a report dated November 5, 2026.
The company's sales for the year totaled 1.95 billion rupees, a decrease from 2.39 billion rupees in 2025. This decline in sales contributed to a gross loss of 65.04 million rupees, though it marked an improvement from the previous year's gross loss of 80.27 million rupees. The company faced substantial costs, with the cost of sales amounting to 2.01 billion rupees.
Operating expenses were reduced significantly, with selling and distribution expenses dropping to 27.94 million rupees from 121.70 million rupees in 2025, and administrative expenses decreasing slightly to 312.41 million rupees from 324.30 million rupees. Despite these reductions, Chenab Limited's operating loss remained considerable at 405.39 million rupees, down from 526.27 million rupees in the prior year.
Other income for the fiscal year stood at 104.91 million rupees, while finance costs were recorded at 187.72 million rupees. The loss before levies and income tax was reported at 488.20 million rupees. Following the deduction of levies amounting to 24.66 million rupees, the loss before income tax was 512.86 million rupees. The company recorded a provision for taxation of negative 6.83 million rupees, resulting in the final loss for the year.
According to information available from the Pakistan Stock Exchange (PSX), Chenab Limited's earnings per share improved from negative 5.42 rupees to negative 4.52 rupees, reflecting a moderate move in the company's financial position.
On the balance sheet, the company's total equity and liabilities increased to 10.54 billion rupees from 10.27 billion rupees. The issued, subscribed, and paid-up capital remained steady at 1.15 billion rupees, with cumulative preference shares at 500 million rupees. Directors' loans increased to 1.23 billion rupees from 1.07 billion rupees, while the surplus on revaluation of property, plant, and equipment rose to 5.04 billion rupees.
Chenab Limited's non-current liabilities decreased to 7.99 billion rupees from 8.63 billion rupees. Current liabilities, however, saw a significant increase to 3.17 billion rupees from 2.19 billion rupees, driven by higher trade and other payables and an increase in the current portion of long-term financing.
The financial results underscore the ongoing challenges facing Chenab Limited in a competitive market environment.