Rawalpindi: D.M. Textile Mills Limited has reported a substantial loss for the first quarter ended September 30, 2025. The Board of Directors, in a meeting held on September 29, 2025, at the company’s registered office in Westridge Industrial Area, Rawalpindi, disclosed that there will be no cash dividends, bonus shares, or right shares distributed for the period. The absence of any other entitlements or corporate actions was also confirmed.
The company’s financial health, as detailed in the Condensed Interim Statement of Financial Position, shows a decrease in total equity, now standing at 709.92 million rupees, compared to 713.22 million rupees as of June 30, 2025. This decline is largely attributed to a reduction in revenue reserves, specifically in unappropriated profit, which fell from 415.57 million rupees to 412.27 million rupees.
According to information available from the Pakistan Stock Exchange (PSX), the company’s liabilities increased to 103.61 million rupees from 97.29 million rupees in the previous quarter, driven mainly by a rise in trade and other payables. Current assets also experienced a slight increase to 383.32 million rupees, up from 379.82 million rupees, with cash and bank balances seeing a noteworthy boost to 3.63 million rupees from 25,213 rupees at the beginning of the period.
The company’s revenue for the quarter was recorded at 8.36 million rupees, which, when weighed against the cost of revenue at 10.46 million rupees, resulted in a gross loss of 2.10 million rupees. Administrative and general expenses amounted to 1.39 million rupees, leading to a total comprehensive loss for the quarter of 3.30 million rupees. This represents a significant move compared to the same quarter last year, where the loss was 7.80 million rupees.
In terms of cash flows, the company generated 3.41 million rupees from its operations, marking an improvement from a negative cash flow of 286,906 rupees in the same quarter of the previous year. Investing activities provided an additional 199,675 rupees, while financing activities did not contribute to the cash flow.
Despite these financial challenges, the company’s authorized share capital and issued, subscribed, and paid-up share capital remain unchanged, with 5,000,000 ordinary shares authorized and 3,052,429 shares issued at 10 rupees each. Reserves, including capital reserves from surplus revaluation of property, plant, and equipment, stayed constant at 267.12 million rupees.
The lack of dividends and the significant quarterly loss highlight the challenging financial landscape D.M. Textile Mills Limited faced during this period, as reflected in their latest quarterly report, which will be transmitted through PUCARS within the designated market category timeframe.