Lahore: Colony Textile Mills Limited has released its financial results for the fiscal year ending June 30, 2026, revealing a substantial downturn in its fiscal health, as detailed in its recently published statements. The company's report, dated November 6, 2026, highlights significant losses and a marked decline across various financial metrics.
For the year ended June 30, 2026, the company reported a net sales figure of 20.53 billion rupees, compared to 16.89 billion rupees in the previous year. Despite the increase in sales, the cost of sales amounted to 22.56 billion rupees, resulting in a gross loss of 2.03 billion rupees. Operating expenses, including distribution and administrative costs, totaled 518.79 million rupees, leading to an operating loss of 2.55 billion rupees. Additional financial strain was noted from the finance cost of 1.29 billion rupees and other operating charges of 7.27 billion rupees.
According to information available from the Pakistan Stock Exchange (PSX), Colony Textile Mills faced a profit or loss before levy and taxation of -10.79 billion rupees, a stark contrast to the previous year's -2.01 billion rupees. The company also recorded a levy of 259.45 million rupees, culminating in a profit or loss before taxation of -11.05 billion rupees, with no taxation incurred for the period. Consequently, the profit or loss for the year stood at -11.05 billion rupees, further impacting the earnings per share, which fell to -22.19 rupees, a significant move from the previous year's -4.47 rupees.
The company's financial position has been notably affected by a decline in equity and liabilities. The total equity and liabilities at the end of June 2026 were recorded at 31.86 billion rupees, compared to 26.97 billion rupees in 2025. Notable changes within the equity section include a revaluation surplus on property, plant, and equipment of 6.21 million rupees, and an unappropriated loss of 13.12 billion rupees.
Current liabilities also saw a significant increase, with trade payables and other obligations rising to 8.61 billion rupees from 7.05 billion rupees in 2025. The company's short-term borrowings decreased slightly to 1.48 billion rupees, while accrued mark-up increased to 828.16 million rupees.
On the assets side, the company's non-current assets increased to 26.37 billion rupees, driven by property, plant, and equipment valued at 23.02 billion rupees. However, current assets decreased to 5.50 billion rupees due to reductions in stock in trade and cash and bank balances.
Overall, the financial results for Colony Textile Mills Limited reflect a challenging year, marked by significant operational losses and financial obligations that have exerted pressure on the company's fiscal stability. The company's future performance will depend on its ability to manage these financial challenges and navigate an uncertain economic landscape.